EuroMillions Lottery’s Millionaire Making Potential

Google+ Pinterest LinkedIn Tumblr +

The EuroMillions lottery has generated a new category of millionaires-in-waiting, provided, of course, that they actually win the EuroMillions lottery. Think about it, the current jackpot amount is estimated at about $146.20 million. That should get you into the position of being the 644th richest person in the world, according to the Times Rich List 2009.

Similarly, Coutts & Co bank figures that a winner would be in an incredibly sweet spot in life where they would be earning about $2,500 in just interest money every day! That’s about $17,500 per week and $913,589 per year at an interest of 0.625%. Not bad takings for a windfall earning at all.

Friday Nights Are For EuroMillions Results

EuroMillions is a lottery that is open to all participating countries across Europe. This adds up to much larger stakes than mere national lotteries. The icing on the cake is that the prize money is carried forward to the next draw if there is no jackpot winner for exactly eleven weeks. Currently, there are nine countries that participate. These are:

  • Austria
  • Belgium
  • France
  • Ireland
  • Luxembourg
  • Portugal
  • Spain
  • Switzerland
  • United Kingdom

Draws of the winning numbers are held every Friday night in Paris and all prizes are tax exempt, except in Switzerland.

Single Currency, Single Lottery

Originally started in 1994, the EuroMillions Lottery has its origins in the same timeframe as the genesis of a common European currency, Euros. However, the actual lottery only came into existence about ten years after the thought and the first draw took place in 2004. The lottery was organized by three major players: Camelot (UK), Francaise des Jeux (France) and Loterias y Apuestas des Estad (Spain). The lottery is open to anyone above the age of 18. However, in the UK, this limit is lowered to 16 years of age.

Interestingly, the prizes are organized in such a manner that there are pretty good chances of winning for as many players as possible. There are 12 levels of prizes and the odds for smaller prizes are naturally better, as a glance at the table below will demonstrate.

draft_lens7298132module60397762photo_125

Despite the high odds, EuroMillions results are always subject to luck. Even a first time player stands as good a chance at winning as a repeat player. The odds of winning any of the lottery prizes are calculated at 1 in 24. The first jackpot ever won was €15 million and the highest amount won by a single person was €115.6 million ($139,000,000 or £77,000,000). Not bad for a single night’s work!

For more information visit the lottery blog or follow us on Twitter.

Share.

About Author

Leave A Reply