Previous Lotto Max Analysis (before July 2015)

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

 Lotto Max Highlights Jumbo replace 2 replace 3 replace 4 replace 7 replace 7 replace 7 Class Winners Losers Overall Odds Overall Return Return Sensitivity Payout per C\$

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.

M
Reset Jackpot:
 Table LM-7: Lotto Max Expanded Odds Calculations

About: The Lotto Max is a Canadian National lottery. It is governed by the Interprovincial Lottery Corporation.

Format: Lotto Max requires a player to make 1 choice: (1) Pick 7 numbers out of a set of 49 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: Lotto Max is a Jumbo Lottery. We classify it as such because its Jackpot Parity is approximately C\$101.0 million, which is over C\$100 million.

Prizes: The minimum Lotto Max jackpot prize is replace 1, which is paid as a cash value. Prizes 2, 3, 4, 5 are calculated on a pari-mutuel basis based on a fixed percent of the prize fund (meaning they vary from drawing to drawing); and, prizes 6 to 9 are pre-established and paid at a fixed amount. If no one wins the jackpot amount, a portion of the proceeds is rolled forward to the next drawing, allowing the jackpot to grow. All other prize amounts are determined only from the current drawing pool.

Beginning in July 2015, the Lotto Max jackpot is capped at \$60 million. But, when the value of the jackpot pool exceeds \$50 million, the remaining portions are allocated to individual Max Millions prizes of \$1 million each. Allocation is at the discretion of the ILC. (Previously, the jackpot was capped at \$50M ).

Combinations: In the Lotto Max 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 Lotto Max 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: Each Lotto Max ticket costs replace 9. However, a player must purchase 3 tickets at a time, thus, the true cost is 3 tickets for \$5.00

Money Raised: Assuming all tickets are sold and there are no duplicates, a total of replace 10 will be raised.

 Table LM-4: Lotto Max Summary Format 7/49+Bonus Class Jumbo Min Jackpot replace 8 Jackpot Type Cash Combos replace 1 Total Winners replace 8 Total Losers replace 9 Overall Winners replace 4 Overall Losers replace 4 Pct Winners replace 2 Pct Losers replace 3 Price replace 9 Amount Raised replace 10 Tot Payout replace 11 Avg Ticket Payout replace 7 Normalized Payout/\$ replace 7 ReturnOn\$ replace 7 Jackpot/Odds replace 7 Return Sensitivity replace 7 Jackpot Parity replace 7

Prize Pool: 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, 48% of the money raised is determined. This amount is allocated to the 1st, 2nd, 3rd, 4th, and 5th place winning combinations. In addition to this, outright predetermined cash prizes for the 6th to 9th place winning combinations are added. Note that while 87.00% is allocated to the jackpot prize pool, the actual jackpot may be substantially less than this calculated amount.

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 C\$ raised will be returned to the players.

Return Sensitivity: If the Lotto Max Jackpot changes by C\$1.0 million, the above Income Returned to Players will change by replace 7 (up or down).

Jackpot Parity: In order for Lotto Max to return C\$1.00 of each dollar raised, the Jackpot must be equal to replace 7

References:
You can learn more about the Lotto Max Lottery and verify our findings by visiting our references.
The text passage provides a detailed analysis of the Canadian national lottery, Lotto Max, including its format, prize structure, and odds. It does not contain any specific mathematical questions or answers to such questions.
no_question
Given a text passage, determine:
    1. If it contains a mathematical question (including word problems or calculations)
    2. If an answer to that mathematical question is provided in the text

First, describe the content structure you found in 1-2 sentences.

Then provide your analysis in the following format:
TYPE: <one of the following values>
- NO_QUESTION
- SINGLE_QUESTION
- SINGLE_QUESTION_WITH_ANSWER
- MULTIPLE_QUESTIONS
- MULTIPLE_QUESTIONS_WITH_ANSWERS
system
Previous Lotto Max Analysis (before July 2015)

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

 Lotto Max Highlights Jumbo replace 2 replace 3 replace 4 replace 7 replace 7 replace 7 Class Winners Losers Overall Odds Overall Return Return Sensitivity Payout per C\$

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.

M
Reset Jackpot:
 Table LM-7: Lotto Max Expanded Odds Calculations

About: The Lotto Max is a Canadian National lottery. It is governed by the Interprovincial Lottery Corporation.

Format: Lotto Max requires a player to make 1 choice: (1) Pick 7 numbers out of a set of 49 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: Lotto Max is a Jumbo Lottery. We classify it as such because its Jackpot Parity is approximately C\$101.0 million, which is over C\$100 million.

Prizes: The minimum Lotto Max jackpot prize is replace 1, which is paid as a cash value. Prizes 2, 3, 4, 5 are calculated on a pari-mutuel basis based on a fixed percent of the prize fund (meaning they vary from drawing to drawing); and, prizes 6 to 9 are pre-established and paid at a fixed amount. If no one wins the jackpot amount, a portion of the proceeds is rolled forward to the next drawing, allowing the jackpot to grow. All other prize amounts are determined only from the current drawing pool.

Beginning in July 2015, the Lotto Max jackpot is capped at \$60 million. But, when the value of the jackpot pool exceeds \$50 million, the remaining portions are allocated to individual Max Millions prizes of \$1 million each. Allocation is at the discretion of the ILC. (Previously, the jackpot was capped at \$50M ).

Combinations: In the Lotto Max 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 Lotto Max 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: Each Lotto Max ticket costs replace 9. However, a player must purchase 3 tickets at a time, thus, the true cost is 3 tickets for \$5.00

Money Raised: Assuming all tickets are sold and there are no duplicates, a total of replace 10 will be raised.

 Table LM-4: Lotto Max Summary Format 7/49+Bonus Class Jumbo Min Jackpot replace 8 Jackpot Type Cash Combos replace 1 Total Winners replace 8 Total Losers replace 9 Overall Winners replace 4 Overall Losers replace 4 Pct Winners replace 2 Pct Losers replace 3 Price replace 9 Amount Raised replace 10 Tot Payout replace 11 Avg Ticket Payout replace 7 Normalized Payout/\$ replace 7 ReturnOn\$ replace 7 Jackpot/Odds replace 7 Return Sensitivity replace 7 Jackpot Parity replace 7

Prize Pool: 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, 48% of the money raised is determined. This amount is allocated to the 1st, 2nd, 3rd, 4th, and 5th place winning combinations. In addition to this, outright predetermined cash prizes for the 6th to 9th place winning combinations are added. Note that while 87.00% is allocated to the jackpot prize pool, the actual jackpot may be substantially less than this calculated amount.

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 C\$ raised will be returned to the players.

Return Sensitivity: If the Lotto Max Jackpot changes by C\$1.0 million, the above Income Returned to Players will change by replace 7 (up or down).

Jackpot Parity: In order for Lotto Max to return C\$1.00 of each dollar raised, the Jackpot must be equal to replace 7

References:
You can learn more about the Lotto Max Lottery and verify our findings by visiting our references.
user
The text passage provides a detailed analysis of the Canadian national lottery, Lotto Max, including its format, prize structure, and odds. It does not contain any specific mathematical questions or answers to such questions.

TYPE: NO_QUESTION