![]() ![]() The odds of winning a jackpot prize in a multi-state game such as Powerball or Mega Millions are ridiculously, unbelievably, astronomically high. But what are the real odds of winning the lottery? Instant Win Games (aka scratchers or scratch-offs)Ĭritics of the lottery often quote American author Ambrose Bierce, who in his 1906 book called the lottery “A tax on people who are bad at math.” Proponents of the lottery claim that buying a ticket gives people hope.Draw Games (examples: The Pick, Pick 3, Fantasy 5, and Triple Twist).The Arizona Lottery has two divisions or groups of games, which are: For this post, I will be focusing on the Arizona Lottery, since that is where I live. The prizes and odds of these games vary from state to state. In many states, a portion of the proceeds from these games go to benefit public education. (The five states with no state-run lottery are Alabama, Alaska, Hawaii, Nevada, and Utah). states that have some version of a lottery. The other type is state-run games, which vary from state to state. was a Powerball prize worth $1.586 billion, which occurred on January 13, 2016. An average win is between $95 million to $140 million for the Powerball. The minimum grand prize is $20 million for the Powerball and $40 million for Mega Millions. ![]() Mega Millions began in 1996 as The Big Game, changing to its current name in 2002.īoth games require the player to match 5 numbers plus a bonus number to win the grand prize. Powerball began in 1988 as Lotto America and took on its current name in 1992. One type is multi-state games, which includes the two most widely-played jackpot games, Powerball® and Mega Millions®. There are two types of lotteries in the United States. any kind of system or method for “beating” the lottery.One area that I wanted to explore, which I don’t think has been explored before, is the probability of winning a large secondary prize, rather than the grand prize or jackpot. ![]() This post provides a high level overview of the different games offered, their prizes, and the probability of winning. A few years ago, I began to take an interest in studying the lottery. Before we get into it, I must preface this post by saying that I am a person of average intelligence and not a statistician or a math wizard. ![]()
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