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jackpots-payouts
Lottery Jackpots & Prize Payouts Explained
Jackpots grow because nobody wins. This is called a rollover system.
Understanding prize tiers explains why smaller prizes are frequent and jackpots are rare.
Prize Tiers
Lotteries divide prizes into levels:
- Matching few numbers = small prizes
- Matching all numbers = jackpot
Lump Sum vs Annuity
Winners choose:
Lump Sum
Immediate reduced payment
Annuity
Payments over many years
The advertised jackpot equals annuity value.
Why Jackpots Grow
Each drawing adds ticket sales to the prize pool until a winner appears.