Which do you prefer?
Well in this instance it looks like taking the Euros would be the way to go, as looking at today's exchange rate (XE.com), 26 millions pounds works out to around 38.38 millions euros, but that is only if you are concerned with winning a prize from one of the other tiers, 2 - 12.
Why is this?
Well the EuroMillions lottery is a pan-European lotto where all the memeber countries have their currency as €, except the UK who still uses the £.
This means that the exchange rate has an effect on the prize structure of the UK version, because each country runs it's own seperate EuroMillions game, but uses a shared prize pool and draw results.
A euro millions ticket is €2.00 and half of this goes to the central prize fund, however in the UK they are sold at £1.50 a ticket. So the exchange rate difference means a prize fund variation.
For example, Camelot would thus provide £0.75 to the prize fund, but if the rate was £0.65 : €1.00, then the contribution to the cenral fund would be 65 pence. The other £0.10 of Camelot's prize fund is paid out to UK euromillions winners of levels 2 - 12, and is allocated to each of those tiers in proportion to the total UK value of that tier.
The Euro millons jackpot is not altered and thus a UK winner will receive the same winnings as an European winner from one of the other countries.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment