PICK 5 drawings are held twice daily, seven days per week, at approximately 1:30 p.m. and 9:45 p.m., ET. Tickets for each drawing may be purchased up to 12 minutes prior to the applicable drawing – 1:18 p.m., ET for the midday drawing and 9:33 p.m., ET for the evening drawing.
How much can I win playing PICK 5? On a $1 ticket, players can win a top prize of $50,000 for a Straight play, $10,000 for a Box play, and $30,000 for a Straight/Box play. On a $0.50 ticket, prizes are 1/2 of the $1 play prizes.
A standard game panel is 6 numbers. When you play a Pick 5, you only need to select 5 numbers, knowing that the 6th is a guaranteed winning number.
With an estimated $5 million division one prize pool on offer every Saturday night, frequent Superdraws and a supersized Megadraw event, there's a chance for you to become a millionaire every Saturday! Saturday Lotto draws close at 7:30pm (AEST) every Saturday night.
Watch the draw on TV
Saturday Lotto, Monday & Wednesday Lotto, Oz Lotto and Powerball draws can be seen on 7TWO at approximately 8:30pm AEST on the night of the official draw. Set for Life results for each daily draw can be seen on Channel 7 and 7TWO at approximately 9:45pm AEST every night.
You can buy Lotto tickets online every day from 6am until 11pm.
Monday & Wednesday Lotto is drawn each Monday and Wednesday night and is broadcast at approximately 8:45pm AEST (9:45pm AEDT) on 7TWO and affiliated regional stations (check your local TV guide).
Powerball draws close at 7.30pm (AEST) every Thursday night. ^ Across all divisions. The odds of winning Division 1 is 134,490,400:1. It's important to note that Powerball is a game of chance where all numbers are drawn randomly.
How much is a PowerHit? PowerHit entries start from $26.95.
5 numbers - $1 million.
In general, most jackpot winners come from quick picks, in which players opt to have the machine choose their numbers randomly rather than picking numbers themselves.
Step 1: The chance of getting 5 numbers correct out of 5 numbers drawn from 70 unique numbers is 1 in 12,103,014 (see #1, Step 1 above.) Step 2: The chance of correctly choosing the Mega Ball is 1 in 25.
The jackpot is an additional prize which is only won on an average of once every 70 draws. The chance of winning the jackpot with a single ticket is about 18 million to one.
You're a lottery winner. Now you're probably wondering, is my prize taxable? In Australia, lottery winnings are classified as tax-free income. This includes all prizes won through Golden Casket, NSW Lotteries, Tatts, Tatts NT and SA Lotteries.
Lotto Strike (only available in New South Wales and ACT)
The chances of winning division one in Lotto Strike, based on one standard game, are 1 in 3,575,880.
Also known as Gold Lotto in Queensland and Monday X Lotto in South Australia, Monday Lotto is now a hugely popular, nationwide syndicated lotto. Monday Lotto has a guaranteed Division 1 prize of $1 million that is available for up to 4 winners every single week.
The most amount of wins came from the $1 scratch-off tickets, but that is because $1 tickets were the most common type of lottery ticket by a wide margin.
In Australia, lottery winnings are generally considered tax-free. This is because they are classified as windfall gains, which are non-assessable by the Australian Taxation Office (ATO). As a result, Australian residents who win the lottery do not need to pay income tax on their winnings.
While your odds of winning are one in 1,667, you will most likely lose money. Gambling has long been a favourite pastime for Aussies and according to a report from Gambling Statistics Australia, we spend an average of $1.9 billion on lotto every year.
When the jackpot gets large, it is a better time to buy the lottery. But it will never become a rational investment (with positive expected return) due to the lotto mania created by these large jackpots! Moreover, the more tickets sold, the more likely the winner will have to split the prize with others.
Powerball results are processed and delivered by 8:00pm CST.
Monday & Wednesday Lotto draws close at 7.30pm (AEST) every Monday and Wednesday night and to win Division One you have to match 6 winning numbers in a single game.