Irish Lotto (eff. Sep 2015)
Complete Odds & Return to Players
| Irish Lotto
|Payout per €
We believe this is important because most lotteries only provide players with minimal amount of information: the odds of each winning combination occurring; the overall probability of having a winning ticket; the price of each ticket; the game format; the total number of combinations; and a few other items.
However, this page fills in the missing blanks. Included here are the complete odds and probabilities of every winning and losing ticket. It provides you with a comparison of winners to losers, the monies collected, the monies distributed back to players, and more.
Lottery Power Picks has taken every effort to ensure that this summary information is correct by reading and bookmarking all information provided by the organizing lottery body. But, in certain instances, clearly defined rules are not written. In those instances, we made assumptions that are linguistically consistent with the rules. Should any information be incorrect, please inform us so that we may correct it. We hope you find this information useful in understanding the lottery you play.
The Irish Lotto is an Irish National lottery. It is governed by the National Lottery Corporation
Format Irish Lotto requires a player to make 1 choice: (1) Pick 6 numbers out of a set of 47 white balls. If the player picks the same numbers as those that are drawn in the next drawing, the player wins the Jackpot prize. Smaller prizes are awarded for other combinations. A bonus ball is also selected. This is used for awarding alternate prizes.
Class Irish Lotto is a Mid-size Lottery. We classify it as such because its Jackpot Parity is €17.2 million, which is over €10 million and less than €100 million.
Prizes The minimum Irish Lotto jackpot prize is replace 1. If no one wins the jackpot amount, a portion of the proceeds is rolled forward to the next drawing, allowing the jackpot to grow. Only the jackpot and the new 2 white + bonus prize (a €3 Scratchoff ticket) is predefined. All other prizes are established on a pari-mutuel amount of an allocated percentage prize pool.
Combinations In the Irish Lotto lottery, there are a total of replace 1 combinations.
Winners Of these, there are replace 8 winning combinations. This represents replace 2 of the combinations. The overall odds of having a winning combination is replace 4 to 1 (the lower the better).
Losers There are replace 9 losing Irish Lotto combinations. This is replace 3 of the combinations. The overall odds of having a losing combination is replace 4 to 1 (the higher the better; because as this number gets closer to 1, nearly every ticket is a loser.
Price or Cost Each Irish Lotto ticket costs replace 9, but players must purchase a minimum of 2 tickets.
Money Raised Assuming all tickets are sold and there are no duplicates, a total of replace 10 will be raised.
Of this, replace 11 will be allocated to the prize pool to be paid back to the players when the jackpot is set to replace 8. This is determined in two ways. First, 52% of the money raised is determined. This amount is allocated to the 2nd, 3rd, 4th, 5th, 6th and 7th place winning combinations. In addition to this, outright predetermined cash prizes for the 1st and 8th place winning combinations are deducted from this pool.
Average Winning Ticket Payout On the average, each winning ticket will pay replace 7 to the players. Since a ticket costs replace 9, the normalized payout per Dollar spent is replace 7
Income Returned to Players Based on this information, replace 7 of each $ raised will be returned to the players.
Return Sensitivity If the Irish Lotto Jackpot changes by $1.0 million, the above Income Returned to Players will change by replace 7 (up or down).
Jackpot Parity In order for Irish Lotto to return €1.00 of each euro raised, the Jackpot must be equal to replace 7
You can learn more about the Irish Lotto Lottery and verify our findings by visiting our references.