Lotto Prizes Breakdown

LottoBug

Member
Forty-five percent of LOTTO 6/49 draw sales are dedicated to the Prize Fund. The total amount of $10 prizes are paid from the Prize Fund. The balance remaining comprises the Pool's Fund and is allocated (parimutuel) between the 4/6 (23%), 5/6 (12%), 5/6+B (15%) and 6/6 (50%) prize categories as indicated in the table below. Any amount not won in the 6/6 or "5/6 + Bonus" prize categories is added to the 6/6 jackpot prize for the next draw.


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Odds and Payouts
[Odds of winning for LOTTO SUPER 7 | US Powerball]
[Ontario's Lottario | Ontario 49 | Encore | Pick-3 | DAILY KENO]

Number of Matches Odds / $1 Wager (1:) Unique Combinations Pool's Fund % Average Payout (variable) Total Payout Payout %
6/6* 13,983,816.0 1 50% ~$1,912,258.60 $2 million minimum ~14.30%
5/6 + Bonus* 2,330,636.0 6 15% ~$95,612.90 ~$573,677.40 ~4.10%
5/6* 55,491.33 252 12% ~$1,821.20 ~$458,942.40 ~3.28%
4/6* 1,032.40 13,545 23% ~$64.90 ~$879,070.50 ~6.29%
3/6 56.66 (1.77%) 246,820 $10 fixed $10 fixed $2,468,200 17.65%

Total Winners 53.66 (1.86%) 260,624 $24.48 $6,379,890.30 45.62%
2/6 + Bonus 81.21 (1.2%) 172,200
2/6 8.33 (12.0%) 1,678,950
1/6 2.42 (41.3%) 5,775,588
0/6 2.29 (43.6%) 6,096,454

Total 1 (100%) 13,983,816

Any prize (From June 2004, 2+B wins $5; $2/ticket) 64.62 432,824

*If there is more than one winning ticket, the prize in that category will be shared.

A winning set of numbers entitles a winner to a prize in only one of the above prize categories. LOTTO 6/49 is a national game, available across Canada. winning tickets may only be redeemed in the province where they were purchased. Other 6/49-type lotteries will have similar odds as above, e.g., Ontario 49, Western 649, BC/49, Quebec 49 and Atlantic 6/49.

It would take $13,983,816 to buy every possible combination. There is a one in 53.66 chance of winning a prize, or 1.86%. The average prize won is $24.48.

The payout percentage is supposed to be 45%, but the actual payout can be slightly higher at 45.62% because the jackpot has been guaranteed to be a minimum of $2 million since around July 12, 2000. So despite the average jackpot being calculated as $1,912,258.60, the jackpot is set higher at $2 milion.

The jackpot rollovers are guaranteed at $5 million, then $10 million. Since only 13.67% (average) of sales is allocated to the jackpot, the calculated jackpot is usually less than the guarantee, so the actual payout when the jackpot is won can be much more than 45%.

A whopping 17.65% of sales is allocated to the $10 prize category, which is surprisingly more than the percentage allocated to the jackpot.
 

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