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Old 01-23-2009, 03:21 PM  
Yngwie
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Industry Role:
Join Date: May 2003
Location: Ontario, Canada
Posts: 11,118
Quote:
Originally Posted by jalami View Post
Canada doesn't tax lottery winnings, either, so it's actually $43 million you get.

actually no. Yes, they do not tax the winnings, but we do not get the full # they mention. In this case, 43 000 000 the way it works is as follows.

---------------------------

Number of Matches

Win

Odds of Winning
(approximate)
6/6

80.5 % of the Pools Fund - 1 in 13,983,816

5/6 + Bonus

5.75 % of the Pools Fund - 1 in 2,330,636

5/6

4.75 % of the Pools Fund - 1 in 55,492

4/6

9 % of the Pools Fund - 1 in 1,033

3/6

$10 prize - 1 in 57

2/6 + Bonus

$5 prize - 1 in 81

Any prize

1 in 32

A winning set of numbers entitles a winner to a prize in only one of the above prize categories.

47% of LOTTO 6/49 draw sales is dedicated to the Prize Fund. The total amount of $5 and $10 prizes are paid from the Prize Fund and the balance of the fund (the Pools Fund) is then allocated between the 4/6, 5/6, 5/6 + Bonus and 6/6 prize categories as indicated in the table above. 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.

If a Jackpot of $30 million or higher is not won, the following Prize Structure applies to all subsequent draws until the Jackpot has been won. This does not apply to Bonus Jackpots.


Number of Matches

Win

Odds of Winning
(approximate)

6/6

40 % of the Pools Fund - 1 in 13,983,816

5/6 + Bonus
16 % of the Pools Fund - 1 in 2,330,636

5/6

15 % of the Pools Fund - 1 in 55,492

4/6

29 % of the Pools Fund - 1 in 1,033

3/6

$10 prize - 1 in 57

2/6 + Bonus

$5 prize - 1 in 81

Any prize

1 in 32

A winning set of numbers entitles a winner to a prize in only one of the above prize categories.

The prize pool for LOTTO 6/49 is based on a pari-mutuel share. A pari-mutuel share is a calculation where the total monies allocated to a prize category are divided by the total number of winners in that category. Sometimes, customers select certain number combinations more often than other number combinations, and this may result in a reduced prize share. Some of the more popular combinations are based on sequence of numbers, vertical, horizontal or diagonal lines on selection slips, multiples of numbers, variations of historic dates or birth dates, etc. These combinations vary from draw to draw and change depending on customer play patterns

LOTTO 6/49 prizes must be claimed within 12 months of the draw date.

LOTTO 6/49 winning tickets may be redeemed only in the province where they were purchased.

Download the official LOTTO 6/49 Game Conditions. Download the official Interprovincial Lottery Corporation Rules and Regulations Respecting Lotteries and Lottery Tickets. While efforts are made to ensure that the rules are accurate and up to date, the game condition cannot always reflect changes. The Interprovincial Lottery Corporation (ILC) reserves the right to change these game conditions, with or without notice and at such times and in such manner as ILC deems appropriate.

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http://www.olg.ca/lotteries/games/ho...?game=lotto649
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