Lotto Million Cash Payouts Online
One of the major reasons why more and more people are choosing to play the lottery via the Internet is jackpot size. In the world of online lotto million dollar, pound or Euro jackpots are virtually standard fare. In fact, the largest lotto million jackpots in the world – such as those of US MegaMillions and PowerBall – often rollover into hundreds of millions.
How Online Lotteries Accumulate Such Large Jackpots
With an Internet lotto million dollar jackpots are possible because such a large number of players can participate. The more tickets are purchased, the more cash can go into the jackpot. In addition, many international lotteries, previously inaccessible outside of participating countries, apply a no-limit rollover system by which the lotto million jackpot can continue to grow indefinitely, draw after draw, if no one predicts the winning numbers.
The Largest Lotto Million Jackpots Worldwide
Because online lottery sites provide access to lotteries from all over the world, it is now possible to find and play the biggest lotto million jackpots on Earth, regardless of your country of residence. Here’s a breakdown of some of the very biggest lotto million and multi-million jackpots in the offing online:
- MegaMillions and PowerBall
The lottery that has paid out the highest ever jackpot in history is the appropriately titled MegaMillions, based in the USA. This lotto million jackpot of a whopping US$ 656 million was paid out in March of 2012. Coming in at a close second to MegaMillions, and also from the USA, is US PowerBall, which has been responsible for 13 of the top 25 lotto million payouts in history, including the largest jackpot ever paid out to an individual player – US$ 590.5 million.
EuroMillions is a pan-European collaboration between the national lotteries of several different countries. It is the top transnational European jackpot and made history in May 2013 by paying out Europe’s largest ever jackpot – the unknown Scottish holder of the winning ticket received a staggering € 185 million. Similar transnational European lotteries with lesser jackpots that still qualify for lotto million status are the Nordic Viking Lotto and the 14-country collective EuroJackpot.
- Loteria de Navidad
Loteria de Navidad is an annual Spanish lottery draw with a total prize fund of € 2.24 billion, which explains why this lotto million game is only played once a year.
- OZ Lotto
Oz Lotto is a national Australian lottery that holds the record for the largest lottery prize in Australian history. This lotto million dollar prize of A$ 112 million was divided amongst four lucky winners in November 2012.
Jackpot Size vs. Odds of Winning
Since the cost of entering different lotteries tends not to vary much, even when the jackpot sizes differ considerably, it makes sense to go after the biggest lotto million fish. However, an additional factor to consider is how likely that lotto million jackpot is to pay out. After all, actually winning a lesser amount is surely better than simply playing for a larger one.
For example, although MegaMillions generally has a larger lotto million jackpot, US PowerBall has more favourable odds. This is why PowerBall is responsible for so many jackpot winners. A more dramatic comparison to MegaMillion can be found in the case of Poland’s Mini Lotto. Although this is no lotto million jackpot, Mini Lotto has the world’s most favourable jackpot odds of 850 668:1. Spain’s Summer El Gordo, meanwhile, has any-prize odds of just 3:1.