- Rules of the Australian Oz Lotto
- How the lotto draw runs
- How to play Oz Lotto anywhere in the world
- Getting a lottery win
- Tax on winning
- Lotto winners
- History and general information
Oz Lotto is Australia’s first national lottery, debuted in 1994. Tatts Group is the main organizer. The minimum jackpot amount is 2 million Australian dollars.
Today lottery has gone beyond the boundaries of national status and gained international fame. This is the favourite fun of the Australians, as they are characterized by superstition and the desire for quick money (in this aspect, all nations are similar). Over the 25 years of its existence, the Oz Lotto has gained an impressive army of fans, its ranks are becoming larger each year.
Adult citizens can participate in the lotto and buy a ticket (in Australia, they come of age at 18). Two types of bets are made on the ticket:
- Simple one. You select 7 numbers from 49.
- Expanded. Choose from 8 to 20 numbers from 49. The cost of this bet is more expensive, but the chances of winning increase.
The sale of tickets stops on the day of the draw, at 18:30 local time. To win the jackpot, you must guess 7 numbers of the winning combination correctly. In addition to the jackpot, there are 7 prize categories. The chances to get the jackpot and become a millionaire are 1 in 43,378,621. The probability of taking the minimum prize is millions of times higher: 1 in 55.
As already mentioned, the minimum jackpot size is 2,000,000 AUD. If during the draw it is not raffled, the amount is accumulated until the next draw. The maximum main prize amount is not limited, as is the number of accumulations.
It is worth paying attention to the following rule: the Australian lottery strictly adheres to the principle of “one prize to one man.” That is, if you bought several tickets, marked different numbers on them, and several combinations turned out to be winning — you can pick up only one prize. BUT! It does not apply to online players. In case of winning, it is intermediary’s responsibility to receive and transfer money.
The Oz Lotto Australian lottery is drawn weekly on Tuesdays, at 8:30 p.m. EST. You can watch the Oz Lotto Prizes draw at the “Channel Seven” live. Missed a TV show? Then the official website of the lottery intermediary will be very useful. On this Internet resource in the section “Oz Lotto Results” you can see the winning combinations of the last draw.
The winning combination is collected by two lottery drum. The first is bigger, it selects 7 main balls. The second lototron is smaller, it randomly selects 2 additional balls.
Modern technology allows you to play Oz Lotto online from anywhere in the world. You need to use the services of specialized lottery intermediary companies. To play, you need to follow a few simple steps:
- Choose a company and become its client.
- The client chooses a winning, in his opinion, combination of numbers.
- The intermediary buys, scans a ticket and saves it in the client’s personal account.
- The last step is to wait for the draw and win the coveted prize.
In case of winning, the intermediary must notify the player about this. After that, the amount is credited to the client’s personal account. The amount can be used in the future for bets and the acquisition of new tickets. An alternative is to withdraw the funds, that you won, to a bank account and freely dispose of them. The deadline for receiving prizes varies from 6 to 10 days, depending on your bank.
According to Australian tax laws, lottery winnings are tax deductible. Therefore, directly to the Australian treasury, you will not pay anything. However, in many countries, winnings are equated with income and are subject to income tax. Rate depends on local law.
Over the history of the existence of Australian game, the largest jackpot in 2012 was shared by 4 players. The winners were residents of Victoria, Canberra, Melbourne and Townsville shared 110 million Australian dollars. Each one got 27.5 million. The winner from Victoria was a syndicate of 80 participants. Each of them received 343,750 AUD.
The lucky ones disposed of the funds in different ways. A family from Melbourne acquired a separate housing for children, and put the rest on deposit, so as not to spoil their son and daughter, teach them how to earn money on their own. The husband and wife from Canberra immediately deposited the winning amount into a bank account for a year (earning an additional $ 2,750,000 on this). During the year, they consulted with lawyers, economists, and investors to better manage their funds. The winners from Tausnville decided to live in pleasure: they quit their jobs, acquired elite real estate and a yacht, and began to actively travel.
The record jackpot, which got to one winner, was in 2013. 65 million AUD was won by a resident of Queensland. The player wanted to save incognito and did not advertise his winnings.
For the first time, the results of Oz Lotto were announced on February 26, 1994 (recall that this is the first national lotto in the history of the state). The original version had a digital block of 45 numbers, the players had to choose a combination of 6 numbers. In 2005, the creators decided to increase the number matrix to 49, and make a winning combination of 7 digits. This was done to reduce the chances of winning, because for the first 11 years the share of winnings remained record high compared to other world lottos.
Today lotto is incredibly popular not only among citizens of the island state, but also among residents of other countries. A direct proof of this is the numerous positive reviews about Oz Lotto among people from different regions.
Do you want to become the owner of a huge amount of money and improve your financial situation? Then it’s time to act! Buy your ticket today, mark the combination of numbers and wait for the next Tuesday. Perhaps it is you who will hit the jackpot of the upcoming raffle!