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New York Lotto

Name
Operator
Type
Country
Website
Founded
Lottorating

 

New York Lotto
New York Lottery
State lottery
New York
nylottery.ny.gov
1978
23/50

Introduction

Overview

New York has the largest lottery organisation in the US with over $9bn of sales and the usual variety of draws, multistate lotteries and instant games. In recent years, the New York Lotto itself has declined in popularity, not least because of the rise in instant or scratch games but also because the Lotto has a lower payout ratio (40%) of prizes to sales than most other games. Video and instant games can have payouts of 60-90% for example.

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Where Available

Available in New York. Some lottery concierge or betting companies also offer it in other countries.

How it Works

Date and time of draws

The New York Lotto has two draws on a Wednesday & Saturday at 11.21 ET.

No. of balls and how to hit the jackpot

There are 59 balls in the pot from which both the main balls and the bonus ball are picked. The jackpot prize is won by matching 6 plus 1.

Other Variations

There are no variations as such on this Lotto.

Price, Tickets & Sales

Ticket Price

New York Lotto ticket cost vs averageA ticket costs just $1 which makes it an accessible lottery for most players. The best news is that you actually get two lines for the price of $1. That said, the value isn't quite so good when you consider the odds, payouts and returns below.

Tickets Sold Per Draw

The original Lotto game itself is only about 1% of total revenues these days and is much smaller than many other state Lotto draws. It is hampered as mentioned by the fact that the maximum return on stakes for the Lotto draw is set at 40%. In the RTP section below, you will see that returns can get better than this on rollovers but the limitations set by statute seem to have restricted the ability of this lottery to attract players.

Sales per draw

Because the original New York Lotto game is none too popular these days, only around $1m of ticket sales are sold per draw. Compare this, for example to several million tickets per draw on the Florida Lotto or California Superlotto Plus.

Odds

Prize Table

Odds of hitting the jackpot

Prizes are distributed on a pools basis. The prize table showing payouts is shown below.

All odds quoted here are for the chance of either of your two tickets (costing $1 for the two lines) getting a prize. The odds of winning the main jackpot on the New York Lotto are around 22m to 1. This is better than many lotteries and in principle should mean that it is hit more frequently. In reality though, because of low ticket sales, it is only won a couple of times a year at best.

Balls and Bonus Balls

Prize

Odds**

6 and 0

5 and 1

5 and 0

4 and 0

3 and 0

11,000,000*

108,889

1,589

27

1

22,528,737

3,754,789

72,207

1,090

48

*Average jackpot size when it is hit

** Odds quoted are for either of the two lines that you get for $1.

Odds of winning any prize

The chance of any win at 46 to 1 is very poor when compared to some other lotteries. Worse still, the lowest prize level only gives players their money back, i.e. a $1 prize. In fact, New York has the dubious honour of being the most ungenerous of all lotteries in terms of how frequently you might win more than just your stake: 1 in 1073! This basically says that, on average, if you were to play in every draw for 10 years, you'd win just one prize of more than $1... and it's most likely that this prize would be worth $25.

Comparison of your chances of winning more than your stake by lottery

Jackpots

Minimum jackpot

The New York Lotto is seeded with just $2m (compare to the $7m in California, for example).

Average jackpot

The average jackpot you would expect to see if you played every draw would be around $6.5m.

Average jackpot when hit

NY Lotto minimum to highest jackpots comparisonThe average jackpot when taken down is $12m.

Highest jackpot ever

The highest jackpot ever won on the New York Lotto was $65m in 2007.

Jackpot winners per year

There will be around four winners a year of the New York Lotto per year at best, mainly because of low ticket sales.

Contribution to the jackpot

Even though the RTP is very low at 40% on this Lotto, the contribution from sales to the jackpot prize level is actually quite generous at 30% of ticket sales (or 75% of prizes). The remaining 10% of RTP is spread amongst lower tier prizes.

Return to Player

Introduction

The NY lotto is run on a parimutuel basis and they state that a maximum of 40% of sales are returned in the form of prizes, with 30% of this 40% (75% x 40%) being attributed to the jackpot. The actual amount that is paid out each year on jackpots for this state lotto draw will vary quite considerably, as it is hit fairly infrequently. In 2014 there were a few small jackpot winners, whilst in 2015 there was one big winner, for example. In this sense, the real amount returned to players varies each year and the returns that you might expect on a given draw will also vary by the size of the jackpot.

RTP when first seeded

With just $2m going in the pot after a jackpot win and a fairly small number of tickets played each week, the New York Lotto jackpot doesn't get too big too soon. The return to players is fairly poor at just 0.20 (20c on the dollar) when the jackpot has just been reseeded with $2m.

NY Lotto Returns to Player

Average RTP

The average RTP if playing every week is around 0.4, similar to the figure stated by the Lottery organisation for this game.

RTP when jackpot typically hit

If you happen to be playing when the jackpot is towards its 'ripe' level, or average jackpot size, then your returns are better at 0.6.

Best RTP

Of course, when the jackpot rose to $65m back in 2007 it was a ticket worth buying. And this is true even after taking into consideration the chances of sharing it with someone else and the hefty state and federal taxes (though not much value, if you were to choose the cash instead of annuity option).

Payouts and Taxes

Annuity vs Cash

As with so many other US lotteries, the advertised jackpot is actually the potential future value of the jackpot, were it to be invested etc etc. The cash option if you choose it is worth around 65% of the advertised figure.

Taxes

State taxes on lotteries in New York are some of the highest at 8.8% (or 12% if you live in New York City!). Add this to federal taxes of 25% for US residents and 30% for non-residents and this (extra) state takeout will hurt!

Summary

Jackpot alerts

New York Lotto Jackpot alerts It's safe to say that the New York Lotto is not our favourite lottery. Far from it, the poor seeding, low returns to player, low chances of getting any decent win each week mean that it falls short of most other lottos and draws. It's no surprise really that, as lottos go, the New York Lotto has become almost insignificant in terms of sales or revenues in New York these days. Other products, games and draws there have much better features. To be fair, the Lotto is restricted by legislation that limits how much it can pay out in prizes (and these limits are much more stringent than for the other games and draws the state lottery organisation can offer). But the net effect is the same. The NY Lotto's demise is in line with its meanness...

Oddly enough, there can still be value on the NY Lotto but you may have to wait a while... If the jackpot happens to hit $32m sometime then take a closer look. Until then, you can get up to 2x the value elsewhere. I.e. for the same dream dollar you spend, your dreams are more likely to come true and to be more plentiful elsewhere...

Pros

2 lines for your dollar! Possible value if you wait a long while.

Cons

Poor (and restricted) RTP, low ticket sales, frequency of winning more than your stake a ludicrous 1000+ to 1. A Lotto that is in real (terminal?) decline.

Verdict

Set your dial to $30m but be prepared to wait a while til this happens… To play this or other lotteries check out our preferred agents page.