Is there a reason that most of the time there is only 1 jackpot winner? When the winning money goes into the tens of millions I always think, why not just share the money out over lots of people and give say 10,000 here and 500,000 there. Wouldn’t this be better for the economy rather than having just 1 person have it all?
In: Economics
Most lotteries do have different winning tiers. For example, someone who matches 5 of 6 numbers might still be entitled to a substantial prize. However, by construction a “jackpot” is the least likely outcome and the biggest prize. For a 6-number lottery, it would be matching all 6 numbers.
Multiple people can win the jackpot in the same lottery drawing. This sometimes happens when the lottery goes a while without paying out, and the big prize pool drives media attention and “lottery mania.” Many more tickets are bought, and sometimes more than 1 wins the jackpot. In these cases, the co-winners usually split the jackpot.
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