In the event that the jackpot cannot be claimed by anyone, the prize money is used for completing the following jackpot. Also, in the case that the second prize remains unclaimed, as well, the money gathered for it will complete the following second prize cash pool.
Average winning chances for a 1USD bet is 1 in 46.02. After becoming a winner, you have one year to claim the prize. On each draw, 40% of all the money gathered becomes prize money, and is split like this:
For each level, a certain prize is allotted. However, the value of each prize can be calculated only after splitting the entire pool for the level between all the winners. There are two payment options you can choose from. Either you choose to receive the money as a lump sum, or you choose to receive it in 26 yearly installments, until the entire prize is paid to you.
Keep in mind that the Lotto prizes you see are shown as annuity. When you choose the lump sum alternative, you are as close as you can be with the annuity prize amount. The final value of the prize also includes yearly interest for all the installments that will be paid to you.
New York(NY) Lotto Prizes and Odds |
Winning Numbers |
Prize Level |
Prize $ Allocation |
Chances of Winning |
On a $1 Play |
|
1st |
75.00% |
1 in: 45,057,474.00 |
1 in: 22,528,737.00 |
|
2nd |
7.25% |
1 in: 7,509,579.00 |
1 in: 3,754,789.50 |
|
3rd |
5.50% |
1 in: 144,414.98 |
1 in: 72,207.49 |
|
4th |
6.25% |
1 in: 2,179.85 |
1 in: 1,089.92 |
|
5th |
6.00% |
1 in: 96.17 |
1 in: 48.08 |
|
|