Quote: Originally posted by Jake649 on February 18, 2004
The highest expected value for the Lotto 649 lottery occured on the Sept 30, 2000 draw. The expected value was 79%. The jackpot was $15 million and the sales were 28,649,988 tickets. The expected value is usually around 70% when the jackpot is $10 million
The highest expected value for the Super 7 lottery occured just recently on Jan 30, 2004. The expected value was 70%. The jackpot was $30 million and the sales were 33,834,020 tickets.
Thanks for the replies. For the 6/49 Sept. 30 draw, the prizes given out totaled $23,839,799.3, so with sales of $28,649.987, the actual return was 83%.
For Lotto Super 7, you get 3 plays for $2 so there were actually 101,522,391 "tickets" in play for January 30. If we value the free plays as $2, the actual return for the $25 million bonus draw on January 23 was 84.6% ($46,517,297.30 / $54,964,354). For Jan. 30, the potential return was 83% had the $30 million bonus jackpot been won ($56,317,199.5 / $67,681,594).