Lotteries versus Big Progressive Jackpot Slots. Who should you bet with?Wednesday, Jun 13, 2018 12:33
Just recently a very lucky German lotto player scooped a mind-blowing €90 million by playing the EuroJackpot draw at Lottoland. Incredibly this was only her second ever Lottoland bet! There must be something in the water lately as there was also one extremely lucky Swedish player who scooped a massive €3.7 million on a €4.80 spin just from the playing the popular NetEnt slot Mega Fortune and this jackpot win also happened a few days ago. We are sure you are asking yourself right now which one is better to play with? Read on as we take an in-depth look at both betting options to find out.
Lotto vs Jackpot Slots
Online slots and the lotto have quite a few things in common when you compare them. For starters, they are both gambling games, completely random, and offer huge cash prizes worth millions. The lotto is completely random whereas online slots offer random results across 3 or 5 reels or ways to win systems. The burning question to address is which one is the best to bet with? This is a difficult question to answer as there are thousands of jackpot slots to play and a whole plethora of different lotteries to take part in with each offering completely different payouts. To compare the Lotto and Jackpot Slots effectively, we are going to look at the odds and the payout percentage of each in order to determine which one is best to play with.
Lotto Payout Percentages
The Lotto is rigorously regulated in most countries throughout the world which makes it quite an easy process to work out the odds of winning the Lotto with just one ticket. Here is a small snippet of a few of the world’s top lotteries and their odds are rounded down to the nearest million:
- Australia Lotto: 1 in 4,000,000
- Irish Lotto: 1 in 8,000,000
- UK National Lottery: 1 in 14,000,000
- EuroMillions: 1 in 117,000,000
- USA Powerball: 1 in 175,000,000
Just from looking at the numbers above, you can see that the odds are astronomical in winning one of these mammoth cash prizes and they get even slimmer as you move from country to country. Some countries offer better odds for their lotteries but the drawback here is that the prize money is considerably lower than the millions you expect to win in most lotteries.
Jackpot Slots Payout Percentages
Many online casinos don’t publish the odds of their jackpot slots but you can find the RTP (Return To Player) of most jackpot slots in order to work out the percentage of gambled money an online slot will pay back to the player over time. The higher the RTP of a jackpot slot is then the more generous the game pays out. Take for example Mega Fortune this 25 payline slot has an impressive RTP of 96.6% and also holds the Guinness World Record for the highest jackpot ever paid out and as mentioned above just recently one Swedish player just scooped a massive €3.7 million while playing this game. Another popular jackpot slot is Megabucks and the odds of winning the jackpot in this game are just under 50 million to 1. This game is extremely popular in America and when you compare the odds of this jackpot slot to winning the USA Powerball Lottery (1 in 175,00,000) then it is quite clear to see which one you should bet with!
We have a winner!
As you can tell, the odds certainly favour jackpot slots over lotteries when it comes to trying to win a few million but there are a whole host of other reasons why jackpot slots are a far more attractive betting option than the Lotto. For example, you can choose to place bets for as little as 0.10 on some jackpot slots whereas you have to pay a certain amount usually 1.00 or more in order to take part in a Lottery. Another reason to bet on jackpot slots is that you will gain reward points at the online casino you place bets with. These points are typically used to unlock exclusive offers and bonuses in a VIP program and are a reward from the casino for playing with them. In stark contrast, with the Lotto, there is no such thing as rewards or any kind of VIP treatment. Jackpot slots not only offer better odds of winning but there is a great range of these games to choose at many online casinos which ensures you do not have to play the same game over and over again just like the Lottery! The next time you are thinking about buying a lottery ticket be sure to think twice about the benefits of playing jackpot slots instead.
For more details on jackpot slots, please check out this article all about highly lucrative progressive slots.