Lottery vs. Jackpots – Which Has the Better Odds?

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Big wins are one of the reason people play games of chance. Whether it’s the anticipation of a weekly draw or the excitement of the game itself, dreaming of unimaginable riches always attracts players to their choice of games. Some players prefer to buy a lottery ticket, and wait for the draw all week. Others choose a more action-packed approach: they play progressive slots at the All Slots real money online casino and try their luck day after day. But the question is: which one of these two player types has a better chance to win a life-changing amount?

How do lotteries work?

Lotteries work about the same in all parts of the world: the players buy their tickets, mark several numbers on them (usually five or six) and wait for the weekly draw. Depending on the lottery itself, these players have different chances to win the top prize: between 1 to 100000 in Spain and 1 to 623 million in Italy. The value of the top prize also differs from country to country, and from draw to draw – between a couple of millions and the amazing $1 billion Powerball jackpot drawn this year.

How do progressive jackpots work?

The world of progressive jackpots – usually associated with slot machines – is completely different. Playing at the All Slots Online Casino means that you won’t have to wait for the weekend – you can try your luck on its games every day. The All Slots Casino is always open, and offers its players a massive collection of games to play. Several of them have progressive jackpots attached to them.

The jackpots attached to the different All Slots Casino games have different values. The Mega Moolah’s Mega jackpot is the largest, currently at over $7 million – and growing. Other games, such as Major Millions or Cash Splash, have smaller jackpots attached to them. A smaller jackpot is more likely to be hit, of course, and the larger ones have smaller chances to pay out.

The odds of hitting a progressive jackpot are usually better than those of winning the lottery. Megabucks, one of the most famous Las Vegas slot machines, offers its players a 1 in 16.7 million chance to hit its top prize.

How do the big wins compare?

The largest ever win paid out by a national lottery was a $1.58 billion Powerball jackpot (cash value: $983.5 million), won by three lucky US players this January. Each ticket was worth over $320 million. Talk about a life-changing win.

Progressive slot machines have much smaller payouts. The largest of the big wins on online slot machines was modest compared to the one above: £13.2 million (equal to over $21 million at the time), paid out by the above-mentioned Mega Moolah slot machine. It’s minuscule compared to the Powerball jackpot, but with its better odds, and more exciting gameplay, it’s still a very attractive win.

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