Launched in 2012, EuroJackpot is a relatively new lottery compared to more established games like the US Powerball or Mega Millions. It’s a transnational European lottery that includes over 17 participating countries, and is designed to produce as many winners as possible. As such, EuroJackpot’s odds are much better compared to other big lotteries. What else does EuroJackpot have in store? Read on to find out!
Though launched in 2012, EuroJackpot was actually proposed back in 2006. However, it wasn’t until 2011, when Denmark, Italy, Finland, Germany, the Netherlands and Slovenia met in Amsterdam after seeing the success of EuroMillions, that the foundations of EuroJackpot formally began to take shape.
Not long after, other countries took interest and decided to throw their hats in the ring. Estonia decided to join shortly after the initial negotiations in Amsterdam, while Spain joined in June 2012. On February 1, 2013, Croatia, Iceland, Latvia, Lithuania, Norway and Sweden joined EuroJackpot, while Czech Republic and Hungary joined a year later. In October 9, 2015, Slovakia came into the fold as well. However, if you thought it would be the last country to join, think again—from September 2017, Poland will become the 18th country to participate in EuroJackpot.
In EuroJackpot, you select five numbers from a selection pool of 1 to 50, plus two additional Euro numbers from a pool of 1 to 10. The goal, just like any other lottery, is to match as many of your numbers as possible—in this case, 7 numbers is the maximum. Unlike other lotteries, however, EuroJackpot features 12 prize tiers. Draws take place once a week, every Friday at 9:00pm in Helsinki.
Jackpots start at a minimum of €10 million, which can then rollover up to a whopping €90 million. EuroJackpot had an old rule wherein if jackpot hasn’t been won after 12 consecutive draws, the prize money is distributed to the lower prize tiers during the next draw. This was changed so that no more roll downs would occur.
EuroJackpot was designed so that it would pay out more frequently compared to other lotteries. As such, you’ll find that the odds of winning here are pretty good compared to, say, the US Powerball or the notoriously hard-to-win SuperEnalotto.
That said, because of the better odds, the jackpot rolling over to record highs (as far as this lottery is concerned) is less likely. It’s more likely that the jackpot will be won before the rollover cap has been hit (but it can still happen). Check out the quick rundown of the odds below to see what I mean:
If you win, you have the choice to receive your winnings as a lump sum or as an annuity payment. However, according to EuroJackpot’s official website, if you play it online and win, your prize will be paid as a lump sum. You also won’t have to pay taxes.
Speaking of taxes, EuroJackpot winnings are not taxed in 11 countries. Check out the quick breakdown below:
15% tax on prizes worth HRK10,000-HRK30,000
20% tax on prizes worth HRK30,000-HRK500,000
30% tax on prizes worth HRK500,000 or more
Beyond that, players usually have 180 days at most to redeem a winning ticket, but, of course, it may vary from country to country.
Due to EuroJackpot’s fantastic odds, a lot of people have won big—and it’s a sure bet that many more will win in the near future. Here are the biggest winners so far:
Despite being the (relatively) new kid on the block, EuroJackpot has become one of the more popular lotteries around. The odds of winning, for starters, are fantastic—even when compared to their direct competitor, Euromillions. It’s no surprise; after all, EuroJackpot has been designed to produce as many winners as possible. Sure, the jackpots may not be as huge as Euromillions—or other mega lotteries, for that matter—but it’s still definitely a lottery worth playing. If you’re intimidated by the long odds of some of the more popular lotteries, EuroJackpot might be more up your alley.
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