Lotteries are a popular way for people around the world to try their luck and potentially win big. While lotteries can differ in terms of rules, odds, and prizes, there are several worldwide lotteries that offer some of the biggest jackpot prizes in history. In this article, we will take a closer look at some of these lotteries that helped many lucky people win the biggest jackpot of all time.
5 lotteries with the biggest jackpot prizes
Powerball
Powerball is a lottery that is betted on in 45 states in the United States, as well as the District of Columbia, Puerto Rico, and the US Virgin Islands. Powerball jackpots start at $20 million and have reached over $2.04 billion in the past. To bet on it, participants choose 5 numbers between 1 and 69, plus one Powerball number (between 1 and 26.) The odds of getting the jackpot are approximately 1 in 292 million.
Mega Millions
Mega Millions is another popular lottery in the US, betted on in 45 states, as well as the District of Columbia and the US Virgin Islands. Mega Millions jackpots also start at $20 million and have reached over $1.53 billion in the past. To bet on it, participants choose five numbers between 1 and 70, as well as a Mega Ball number between 1 and 25. The odds of winning the jackpot are approximately 1 in 302 million.
EuroMillions
EuroMillions is a lottery that is betted on in 9 European nations, but any adult from around the world can participate through an online provider. The highest EuroMillions jackpot so far is €230 million (£195 million at the time). To bet on it, participants pick 5 numbers between 1 and 50, as well as two Lucky Star between 1 and 12. The odds of getting the jackpot are approximately 1 in 139 million.
EuroJackpot
EuroJackpot is another European lottery that is betted on in 18 countries. Again, anyone of legal age can participate in it the same way as EuroMillions, no matter where they live. EuroJackpot jackpots can reach up to €90 million, but the biggest one so far reached €110 million. To bet on it, participants choose 5 numbers between 1 and 50, as well as two Euro numbers between 1 and 10. The odds of winning the jackpot are approximately 1 in 95 million.
El Gordo
El Gordo is a Spanish lottery that is held every year on December 22nd. It is known for offering one of the biggest jackpots in the world, with a total prize pool of €2.4 billion in 2020. The biggest winning bet of the ‘el Gordo’ lottery pays out €4 million. To bet on it, participants purchase a décimo, which is a tenth of a bet, and each décimo costs €20. Therefore, the odds of getting the jackpot are approximately 1 in 100,000.
Takeaway
In conclusion, lotteries offer a great opportunity for people worldwide to win big. With the possibility of winning enormous jackpot prizes, it’s no wonder that lotteries are incredibly popular across the globe. From Powerball in the United States to the El Gordo in Spain and the EuroMillions in Europe, there are many lotteries to participate in. However, it’s important to remember that the odds of winning are different from one lottery to another.
FAQs
What happens if nobody wins the lottery?
Suppose that a Mega Millions jackpot goes unclaimed. In this case, each state that participated in the game will receive back the money it contributed. The unclaimed lottery prize money is then used by the state for various purposes, with its majority remaining in the state’s lottery fund.
Which lottery has the most chance of winning?
The Spanish Christmas Lottery, popularly known as El Gordo, boasts the best odds in the world when it comes to winning a major jackpot, with a remarkable chance of 1 in 100,000. However, it is important to note that this lottery is structured more like a raffle than a traditional one.
What is the first thing you should do if you win the lottery?
If you win the lottery, the first thing you should do is take a deep breath and try to remain calm. It’s important to take some time to process the news and think about your next steps before making any big decisions. You should also protect your identity and the proof of your win (sign its back and keep it in a secure location.) Depending on the size of the winnings, you may want to consider consulting with a financial advisor or attorney to help you manage your newfound wealth and plan for the future.
Should I quit my job if I win the lottery?
It is advisable not to resign from your job immediately since there could be repercussions for your colleagues whom you value. Adapting and getting used to your new lifestyle takes time, so it’s better to exercise caution and plan your next steps carefully.
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