The weather these past few days haven’t been spoiling us, the fight with coronavirus is still ongoing, and you might be wondering how you could kill time and escape from the suffocating grips of boredom. If that’s the case, then we’ve got an excellent idea – wouldn’t you want to try your luck and buy a lotto ticket? Who knows, perhaps you’ll be lucky enough to hit the lotto jackpot tonight.
However, if you haven’t ever taken part in the National Lottery UK, you might not be sure how to go about the entire process. Don’t worry – in a moment, we’ll explain everything that you have to know if you are interested in the lotto jackpot prize. Let’s go!
How to Play Lotto?
The National Lottery in the United Kingdom, which is run by the Camelot Group, is one of the most popular lotteries worldwide, with a higher percentage of the population buying lottery tickets.
The Lotto UK draw takes place twice a week – on Wednesday at 8 pm, and on Saturday at 7:45 pm. You could buy lotto tickets in a brick-and-mortar store, but there is also an option of doing so online, and while the coronavirus is still a threat, we recommend playing lotto online.
Once you have acquired a ticket for £2, your job is simple – you need to choose six numbers, ranging from 1 to 59, and then hope that those will be the lucky numbers. How many lotto numbers do you have to match? To win anything, matching two numbers is enough, though in this case, you won’t get any money, but instead – a Lucky Dip Ticket, which is an additional ticket with the numbers already randomly selected.
If you manage to match 3 numbers, you’ll win £30, for 4 numbers – £140, and for 5 – £1,750. However, if 5 of the numbers chosen by you were lucky, you should pay attention to the Bonus Ball, which is an extra seventh ball drawn after all the other ones. It is meant to give those who were lucky enough to match 83% of the numbers correct an additional glimmer of hope, making it possible for them to win £1 million.
What if you manage to match all 6 numbers right from the beginning, without the help of the Bonus Ball? Well, then things get interesting. If you manage to hit the lotto jackpot UK, you should expect to win at least £1 million, though the prizes are usually significantly higher than that. However, let’s consider the more pessimistic scenario.
If the jackpot prize is £3 million, and there are 6 winners who have managed to match all the 6 winning numbers, then theoretically, each one of them should receive £0,5 million each. However, to make the top prize more interesting, if the amount that goes to a jackpot winner is below £1 million, additional funds are added to the jackpot fund, though the maximum amount of money that can be added is £7 million.
However, such situations happen on extremely rare occasions, meaning that if you manage to win a lotto jackpot today, you should expect a multimillion prize. Right now, the UK Lotto jackpot prize is £15 million; if we look at current lotto jackpots in other countries, the sums are similarly astounding – according to CrazyLottos, $34 million in the case of Powerball and $32 million in Mega Millions. If you would like to take part in more lotteries than just the UK National Lottery, you can check out the current jackpots all over the world at crazylottos.com.
How Much Time Do You Have to Claim Your Prize?
If it turns out that it was, indeed, your lucky day, you will have 180 days to claim your reward. What are the chances? As it turns out, it is pretty easy to calculate, though you might not be entirely happy with the result. The UK Lotto jackpot odds are 1 in 45,057,474.
What if you don’t manage to claim your winnings within this time period? In this case, the unclaimed prizes go to the Good Causes Fund, meaning that it will be used for a variety of cultural, educational, and renovation projects all over the UK. Even if no such cases occur, one-fourth of all the money from the lottery will serve this purpose, helping communities in England, Wales, Scotland, and Northern Ireland.
Additionally, on the official website of the National Lottery, you can find information that during the times of coronavirus additional funds are dedicated to deal with the negative effects of the pandemic. There are also instructions on how to minimize the possibility of getting infected while playing the lottery.
Whatever time you have in claiming your prize, make sure to be quick! This Billion dollar winner of US Mega Millions jackpot lottery certainly didn’t waste any time in claiming his prize.
Are There Any Age Requirements?
If you live in the UK, you have to be at least 16 to buy a ticket, whereas if you would like to take part in the National Lottery while living in another country, you could do that online, though the age requirement is higher – you need to be at least 18 years old.
Are Lotto Prizes Taxable?
Another issue that often leads to confusion among players is whether the lotto prizes are taxable or not. The short answer is: it depends. If you live in the United Kingdom, you won’t have to worry about taxes, as your prize is entirely tax-free, meaning that you’ll receive 100% of it. However, if you took part in the National Lottery while living in another country, then you need to check what are the regulations in your place of residence.
Finding a source of fun in the times of the pandemic might be increasingly difficult. You’ve watched all the even remotely interesting TV series on Netflix, your short adventure with yoga has come to an end after you’ve strained your ankle, and the weather outside is abysmal. As a result, you might have trouble finding something fun to do. If that’s the case, you could buy the National Lottery ticket and find out if you find it entertaining, and if you are lucky, you might even win some money!