What Are The Odds Of Winning Millions On The Lottery In Different Countries?
Who doesn’t want to be a millionaire? The easiest way to get millions is to be born with it, but the second easiest option is to buy a lottery ticket. But what are your odds of winning? Is it possible to rack up millions in these games? Well, of course, there’s always a possibility of winning, but the odds tend to be low.
The best you can do is hope they’re in your favor. Check out your chances with these lotteries from around the world.
1. U.S. Odds
In the United States, the odds of winning the Powerball are one in 292 million. To put it another way, if 88% of US residents (including babies) bought a ticket, only one person would win. This jackpot, however, vastly exceeds the million-dollar mark. Recent drawings have featured jackpots of nearly $2 billion. However, experts indicate that the odds of even winning $4 are pretty low.
2. Canadian Odds
Canada’s biggest jackpot is called the Lotto Max. Because this country has a much smaller population than the United States, the odds of winning millions is a bit higher. In the Great White North, your odds of winning with a $5 ticket are 1 in 33.3 million. This lottery features a jackpot in the tens of millions and dozens of “little” $1-million Maxmillion prizes. Here’s some good news — In Canada, unlike the United States, you don’t have to pay taxes on your lottery winnings.
3. Mexican Odds
In Mexico, the odds of winning the country’s biggest jackpot — the Melate — are similar to the odds in Canada. In exchange for buying a ticket, you get a 1 in 32.5 million chance to win tens of millions of dollars. This jackpot often climbs up to the $70 million range. Just want to aim for a million or so, then try the Melate Retro which has 1 in 3.3 million odds. The Chispazo has the best odds at 1 to 98,000, but the biggest prizes usually aren’t any more than $100,000.
4. Eurojackpot Odds
This game is played by numerous countries around Europe including the Czech Republic, Denmark, Estonia, Finland, Germany, Hungary, Iceland, Italy, Netherlands, Norway, Slovakia, Spain, and Sweden, as well as several others. When you’re competing with the rest of Europe, you’re competing in an area that features about twice as many potential players as the United States, but your odds of winning are oddly doubled.
This may be because the Eurojackpot is a lot smaller than the U.S. Powerball. In recent drawings, the top prizes were for about €120 Euros, which is about $91 million USD.
5. Odds in Singapore
Playing the lottery in Singapore gives you fairly good odds compared to the lotteries in many other countries. With a single ticket, you get a 1 in 14 million chance to win, and prizes can be anywhere from $1 to nearly $10 million. The odds get higher as you go for lower-value jackpots.
In all cases, the best you can do is buy a ticket, choose your luckiest numbers, and hope for the best. But if you really want to be a millionaire, you may want to create a backup plan.