1. Lottery Calculator After Taxes
2. Lottery Calculator Nj
3. Lottery Calculator Mega Millions
4. Lottery Calculator Lump Sum
5. Lottery Calculator Mega

Lottery Payment Calculator (JavaScript Version) This page will calculate approximate payouts for both cash and annuitized prizes for lotteries. There are a few pieces of information that the process requires: The amount of the total prize: This can be either the annuitized prize or a one-time cash payout. This page will calculate your odds of winning. Here are some things to think about: You have better chances of getting into a car accident, plane accident, or struck my lightning, than to win your lottery. 1/3 of people in the United States think winning the lottery is the only way to become financially secure in life. Use our lottery odds calculator to reveal the odds of winning any US lottery game whether you play with a bonus or not. It works across all games and states. We use cookies to personalize content and ads, and to analyze our traffic.

1. Odds Calculator

The Lotto Odds Calculator enables users to calculate the odds of winning the jackpot and additional prize levels for any given lottery.

To use the calculator, type in the number matrix, select the number of prize tiers and tick whether the lottery includes a bonus ball. If the lottery includes a bonus number, additional options will appear specifying the bonus variables. Alternatively, select a lottery from the Popular Lotteries dropdown menu to automatically display the odds table.

How to use the Lotto Odds Calculator

Lottery Calculator After Taxes

Enter the number of balls to be drawn Enter the total number of balls from which these are drawn Choose the total number of prize levels the lottery has, eg: Match 6, Match 5, Match 4 and Match 3 would be 4 levels If the lottery includes 'bonus' numbers eg: a Powerball, tick the 'include bonus balls' box If the box has been ticked, a dropdown menu will appear in a similar style to the original fields. Enter the number of 'bonus' numbers to be drawn, the size of the pool it/they are drawn from, and the amount of prize levels that involve matching the bonus number. Finally, select the name of the bonus number from the remaining dropdown box Click the 'Calculate Odds' button to view the odds, or to start again, click Reset.

Lottery Calculator Nj

Alternatively you can choose a lottery from the 'Popular Lotteries' dropdown menu at the bottom of the form to quickly input the variables for your chosen lottery and auto-display the odds table.

^*Please note, the overall odds of winning a prize does not take into account the chance of winning guaranteed prizes (for lotteries that offer them), because the odds of winning a raffle prize fluctuates based on how many tickets were purchased for each draw.

Introduction

The calculator that follows will calculate the odds for the Powerball lottery, or any lottery, such as Powerball, based on the same formula of five regular balls and one extra ball.

The defaults shown are the fixed prizes for all wins except the jackpot. The win for the jackpot shown is roughly the current jackpot amount.

The return column shows the ratio of the return to the amount bet. The total return in the lower right cell is the overall expected return, before considering taxes and jackpot sharing.

Rules

Lottery Calculator Mega Millions

The following rules are based on the last known set of rules changes in January, 2014.

1. The cost of a Powerball ticket is $2.
2. The player will choose 5 White Balls from 1 to 69 and one Powerball from 1 to 26.
3. Twice a week, the lottery will randomly choose the same number of balls from the same ranges.
4. The pay table is shown in the default values of the calculator below.
5. The jackpot starts at $40 million and grows by a percentage of sales with every drawing that nobody wins the jackpot.
6. For an extra $1, the player may also bet the Power Play.
7. If the Power Play is invoked, any win will be multiplied by a random multiplier, except the top two prizes. The exceptions are that the jackpot is never multiplied and the multiplier for catching all five White Balls, but not the Power Ball, is always 2.
8. To determine the Power Play multiplier, one ball is selected from 42 or 43 with the following multipliers: 24 balls at 2x, 13 balls at 3x, 3 balls at 4x, 2 balls at 5x. There is also one ball at 10x added to the pool of the jackpot is under $150 million. This equates to an average multiplier of 2.595 without the 10x ball and 2.767 with it.
9. California has funky rules, where the fixed prizes also grow and there is no Power Play option.

Calculator

The default values are current wins as of the latest rule change on October 7, 2015. The wins should be before applying the Power Play multiplier.

Disclaimer: The values in the return column do not reflect taxes, the time value of annuity payments, and jackpot sharing. These all have a significant effect in lowering the overall value. I find the relationship between jackpot size and ticket sales is exponential. Given the hysteria, and subsequent enormous ticket sales, that always accompanies large jackpots, I find that the Powerball is never a good value. Based on the Oct. 7, 2015 rule changes, I find that the optimal time to play is with a jackpot of $557 million, but even then the expected return, all things considered, is 81.3%.

Internal Links

Lottery Calculator Lump Sum

• Powerball analysis.
• Mega Millions calculator.
• Pick Six calculator.
• Probabilities in the Lottery.
• Former Ask the Wizard questions about the lottery.
• Power Ball at 400 Million — Discussion about the Powerball at Wizard of Vegas forum.
• Lottery Jackpot Ticket Sales Calculator — Estimate ticket sales and probability of a winner for any jackpot size for the Power Ball and MegaMillions.

Lottery Calculator Mega