So you have heard about the lottery and maybe played it a few times. But do you know any of the facts and figures behind the lottery? Here you can find lottery statistics, market size, industry figures and the impact of the lottery on the economy.
More money is spent on playing the lottery, than the NBA, MLB, NFL, adult media, Hollywood movies, music, and video games combined.
Since 2012, there have been 82 tickets that have won or shared a Mega Millions or Powerball jackpot.
Since 2013, more than 1,300 tickets have won at least $1,000,000 on either Powerball or Mega Millions.
Lottery Market Size in the United States
- $5 billion in annual sales in California.
- $10 billion in annual sales in New York.
- $70 billion in annual sales in the United States.
- $284 billion annually worldwide, growing 7% annually.
In Virgina, 55% of people playing the lottery every month have an income of $55,000 or more. A third of those playing every month have an income of $85,000 or higher. A national study by Vision Critical found that 44% of players have incomes of $50,000 or more.
The Impact of the Lottery on the Economy
On average, for every $1 spent on traditional lottery tickets 27 cents go to the beneficiaries that lotteries support. 63 cents of every dollar spent on traditional lottery tickets goes back to players on the form of prizes.
96% of funds generated from traditional lottery games in the Unites States go straight back to lottery retailers in forms of commissions, as well as players in the form of prizes and beneficiaries in forms of education funds or elderly care, for example. In 2014, lotteries generated nearly $21 billion for beneficiaries.
The world’s largest jackpot was won in the United States on March 30, 2015 in the amount of $656 million pre-tax in the Mega Millions lottery. There were three winning tickets sold.
The biggest jackpot worth $590.5 million pre-tax won by an individual was won May 18, 2013, in the Powerball lottery.
Europe’s largest jackpot of €185 million in the EuroMillions lottery was won July 12, 2011.
The top four jackpots in California equal $1.24 billion: $425 million on February 19, 2014; $324 million on Dec. 17, 2013; $266 million on May 4, 2010; $228 million on September 24, 2014.
Playing the Lottery on Your Phone
The number one trend in playing the lottery is the ability to play online as Vision Critical found in their study. The second trend is the ability to play the lottery without cash. Playing the lottery on your mobile phone seems to be the natural evolution for the next generation of players. Introducing, Mido Lotto, the best lottery app for your mobile phone. Mido Lotto lets you play Mega Millions, Powerball and Superlotto on your smartphone with the convenience of not needing cash in hand to play. You can even gift tickets to friends and family or play as part of a group to increase the fun.
Launching very soon, Mido Lotto is the safest way to play. Your winnings are kept secure, and you won’t have to take any late night trips to the store.
Get on the list, and receive a free ticket when you sign up at www.midolotto.com!