Lotto Texas

Complete Odds &
Return to Players

Analysis of April 2013 Changes
           

View our Previous Lotto Texas Analysis

The purpose of this page is to provide Lotto Texas players with the supplemental information that is not readily available on the sponsored lottery site.



Lotto Texas
Highlights 		Mid-size
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Class Winners Losers Overall Odds Overall Return Return Sensitivity 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.

Jackpot:  M
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Table LT-7: Lotto Texas Expanded Odds Calculations
About Lotto Texas is a Texas State lottery that is played in its 254 counties. It is governed by the Texas Lottery Commission. Its mission is: to generate revenue for the State of Texas through the responsible management and sale of lottery products.

Format Lotto Texas requires a player to: Pick 6 numbers out of a set of 54 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.

Class Lotto Texas is a Mid-size Lottery. We classify it as such because its Jackpot Parity is approximately C$23 million, which is over C$10 million and less than C$100 million.

Prizes The minimum Lotto Texas jackpot prize is
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, which may be paid as either a annuity or as a discounted cash value. The second and third place cash prize amounts are calculated on a pari-mutuel basis and vary according to the number of winners in that tier. The fourth place prize for matching 3 of the 6 balls is a fixed, guaranteed amount, and will not vary. The table above illustrates the estimated cash payouts based on expected probabilities. If no one wins the jackpot amount, a portion of the proceeds is rolled forward to the next drawing, allowing the jackpot to grow.


Combinations In the Lotto Texas lottery, there are a total of
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combinations.

Winners Of these, there are replace 8 winning combinations. This represents
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of the combinations. The overall odds of having a winning combination is
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to 1 (the lower the better).

Losers There are replace 9 losing Lotto Texas combinations. This is
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of the combinations. The overall odds of having a losing combination is
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to 1 (the higher the better; because as this number gets closer to 1, nearly every ticket is a loser.

Price  Each Lotto Texas ticket costs 
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Money Raised  Assuming all tickets are sold and there are no duplicates, a total of 
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 will be raised.
Table LT-4: Lotto Texas Summary
Format 6/54
Class Mid-size
Min Jackpot
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Jackpot Type Cash
Combos
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Total Winners replace 8
Total Losers replace 9
Overall Winners
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Overall Losers
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Pct Winners
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Pct Losers
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Price
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Amount Raised
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Tot Payout
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Avg Ticket Payout
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Normalized Payout/$
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ReturnOn$
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Jackpot/Odds
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Return Sensitivity
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Jackpot Parity
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Prize Pool  Of this,  
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 will be allocated to the prize pool to be paid back to the players when the jackpot is set to  
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Average Winning Ticket Payout  On the average, each winning ticket will pay 
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 to the players. Since a ticket costs 
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, the normalized payout per Dollar spent is 
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Income Returned to Players  Based on this information,  
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  of each $ raised will be returned to the players.


Return Sensitivity  If the Lotto Texas Jackpot changes by $1.0 million, the above Income Returned to Players will change by 
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 (up or down).


Jackpot Parity  In order for Lotto Texas to return $1.00 of each dollar raised, the Jackpot must be equal to 
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References
You can learn more about the Lotto Texas Lottery and verify our findings by visiting our references.