MegaMoon Knowledge : Oz Lotto

What is Oz Lotto ?

Oz Lotto was created by The Tatts Group, or Tabcorp Holdings Limited as it is now known, initially introduced it in 1994. Australia’s first national lottery was started with this game, and Australians grew to love it very quickly.

Oz Lotto was created to offer payouts higher than other Australia lotteries . In order to play the game, you must choose seven numbers between the range of 1 and 45. The more numbers you match, The larger your prize. Oz Lotto provides participants with numerous additional reward categories in addition to the main jackpot, increasing their chances of winning. The first Oz Lotto draw took place on February 26, 1994, and the jackpot was AUD 2 million. The largest Oz Lotto jackpot ever won was AUD 111,972,151.04, which was shared by four winners in November 2012.

Oz Lotto Rules

  1. How to play

-Players must choose 7 numbers from a pool of 45 numbers. To win the jackpot, players must match all 7 numbers drawn.

  1. Jackpot

-The minimum jackpot prize is AUD 2 million. If there is no winner in a particular draw, the jackpot will roll over to the next draw and increase by AUD 1 million. The jackpot can keep rolling over for a maximum of 25 times. If there is still no winner after the 25th rollover, the jackpot prize will be divided among the winners in the next prize division.

  1. Divisions and prizes

-There are 7 prize divisions in Oz Lotto. The more numbers you match, the higher your prize. The prize money is divided equally among the winners in each division. The prize money for each division is a percentage of the total prize pool, which is determined by the number of tickets sold and the number of winners in each division. Here are the divisions and their corresponding prizes:
* Division 1 (7 numbers): Jackpot
* Division 2 (6 numbers + 1 or 2 supplementary numbers): AUD 38,430
* Division 3 (6 numbers): AUD 4,635
* Division 4 (5 numbers + 1 or 2 supplementary numbers): AUD 480
* Division 5 (5 numbers): AUD 55
* Division 6 (4 numbers): AUD 23
* Division 7 (3 numbers + 1 or 2 supplementary numbers): AUD 14

  1. Supplementary numbers

-In addition to the 7 main numbers, 2 supplementary numbers are drawn from the same pool of 45 numbers. These numbers are used to determine winners in the 2nd, 4th, and 7th prize divisions.

  1. Odds of winning

-The odds of winning the jackpot in Oz Lotto are 1 in 45,379,620. The overall odds of winning any prize in the game are 1 in 55.

  1. Draw

-Oz Lotto draws take place every Tuesday night at 8:30pm AEST. The draw is conducted using a random number generator and overseen by an independent auditor. The results are published shortly after the draw on the Oz Lotto website and in major newspapers across Australia.

Because to its high payouts and widespread accessibility throughout the nation, Oz Lotto is a well-liked lottery game in Australia. It also provides a range of prize tiers, giving participants additional chances to win. Due to the fact that it is run by a government-owned institution, the game is also renowned for its honesty and transparency. The final factor that contributes to its appeal is the excitement and anticipation that surround the number drawing and the chance to win a significant quantity of money.

The MegaMoon lottery game has rules similar to Oz Lotto and also has a jackpot rollover system. In addition, the MegaMoon platform is controlled by smart contract, so all participants can be assured that MegaMoon is transparent and has high jackpot value.

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