How do you win prizes?
You win prizes by matching the numbers you select to the winning numbers drawn. There are 13 different prize tiers, and you can win prizes just by matching two main numbers. To win the jackpot, you must match all five main numbers and both Lucky Stars.
Does the jackpot roll over if there’s no winner?
The jackpot starts at a minimum of €17 million (approximately £15 million) and rolls over if there is not a winner. However, the jackpot can only go up to a maximum of €200 million. Once it reaches that level, it is capped and can only stay at €200 million for four draws at the most. In the next draw (the fifth one at €200 million), the jackpot must be won and the money will be shared between players in the highest winning tier if there are no Match 5 + 2 winners.
How much of the money from ticket sales goes towards prizes?
Fifty percent of the money you spend on a ticket is returned to players as prize money. A percentage of this prize fund is then allocated to each of the 13 prize categories. This is known as a pari-mutuel prize structure, so the prizes are not fixed and vary from draw to draw depending on how many tickets are sold and the number of winners.
The money that is not given to the prize fund is distributed in a number of different ways – with 28 percent going to good causes, 12 percent to the UK Government as Lottery Duty and five percent to retailers as commission. The remaining five percent covers operating costs and profit for the lottery operator.
How do you claim prizes?
The method for claiming prizes depends on how you play and how much you win. If you play online, smaller amounts will be transferred straight into your lottery account, but you must contact the National Lottery for anything larger than £30,000. If you buy a paper ticket, you must visit an authorised retailer for awards up to £100. You can go to a National Lottery Post Office or claim by mail if you win up to £50,000, but you must claim larger amounts in person. Take a look at the page on Claiming EuroMillions Prizes for more details.
What happens to prize money before it’s claimed?
When a prize is waiting to be claimed, it is held in trust managed by Law Debenture rather than a Camelot bank account. Any interest that accrues during this time is transferred to the Good Causes Fund – but is first used to pay various fees. These include Law Debenture’s trustee fees and fees owed to external auditors, along with bank charges and tax.
EuroMillions Taxes vs Other Lotteries
EuroMillions offers some of the largest jackpots in the world, and the fact that prizes are not taxed in six of the nine countries makes it stand out even more in comparison with some of the other big lotteries.
American games such as Powerball and Mega Millions, for example, have tax obligations at both a state and federal level, so although these games regularly offer the biggest jackpots out of any lottery in the world, the payouts can end up significantly lower than the pre-draw estimate.
New Yorkers suffer heavier taxes than anyone else in the U.S. In August 2018, one player from the state won a Powerball jackpot advertised at $245.6 million, but they ended up walking away with a significantly lower sum. They opted to take a cash lump sum of $147 million, which worked out as a final payout of $99.4 million – around 40% of the advertised jackpot – after taxes had been deducted.
In EuroMillions, you will be given the specified amount with no deductions if you play in a country which does not tax winnings, such as the UK. The UK player who anonymously claimed £121 million in April 2018, for example, received a much larger payout than the $245 million Powerball winner, even though at first glance it would seem they had not won as much.