What Are My Odds on the New $10 Texas Lottery Scratch-Off
The new $10 Texas Lottery Scratch game has a huge jackpot of HALF A MILLION dollars! I always like to break down the odds and let you know what your chance is of winning any amount on a ticket. Let's start by saying there are FIVE jackpot tickets of $500,000 in circulation at the beginning of the game.
There are approximately 11,258,600 tickets in this game.
There are a total of 50 tickets in a book, a value of $500.00
Your Guaranteed Total Prize payout per pack is $270 per pack
As you see from the above statement, the odds are always in the favor of the Texas Lottery. Unless you find those lucky packs Please play responsibly!
Overall odds of winning any prize in Hit $500,000 are 1 in 3.72
BY THE BOOK:
A break-even $10 winner is found approximately 6 times in every book of 50 The odds are 1 in 8.33
A $20 winner is found at least 1 times in every 2 books of 50 The odds are 1 in 66.67
A $30 winner is found at least 2 times in every book of 50 The odds are 1 in 25.00
A $50 winner is found at least 2 times in every book of 50 The odds are 1 in 25.00
A $100 winner is found at least 1 time in every 3 books of 50 The odds are 1 in 136.36
A $200 winner is found at least 1 time in every 18 books of 50 The odds are 1 in 888.9
A $1000 winner is found at least 1 times in every 803 books of 50 The odds are 1 in 40,145.45
A $10,000 winner is found at least 1 times in every 22,080 books of 50 The odds are 1 in 1,040,000.00
A $500.000 winner is found at least 1 times in every 44,160 books of 50 The odds are 1 in 2,208,000.00.
LOOK: The largest lottery jackpots in US history
Gallery Credit: Chandler Friedman