Percentage Return
The National Lottery is a jackpot system with the majority of winnings going to those few players who pick all six numbers. For long term players, or those buying many tickets the average percentage return will equal the share of the ticket sales devoted to prize funds, about 45%. For evey £1 spent, they may expect to get £0.45 back. However, the spread of returns will be very wide and influenced by several factors that change week-by-week (e.g. the number of tickets sold, 'the distinct-ness' of the winning numbers) and ultimately, if you don't win big, you won't get a return on your investment. An empirical assessment using 10,000 random sets of numbers each week for 3 years found that, had the tickets been bought, the rate of return would have been less than 30%.
Read more about this topic: National Lottery (United Kingdom)
Famous quotes containing the words percentage and/or return:
“If marriages were made by putting all the men’s names into one sack and the women’s names into another, and having them taken out by a blindfolded child like lottery numbers, there would be just as high a percentage of happy marriages as we have here in England.... If you can tell me of any trustworthy method of selecting a wife, I shall be happy to make use of it.”
—George Bernard Shaw (1856–1950)
“I can neither return your love nor dismiss it.”
—Mason Cooley (b. 1927)