Not Powerball, rather play Euro millions lottery

Do you agree or disagree?

My reasons:

1. Odds

Powerball jackpot odds are 1 in 146,107,962, whilst the euro millions lottery odds are 1 in 76,275,360. That is to say you are almost twice as likely to win the euromillions.

2. Prize structure

Euro millions lotto has 3 more prize levels and the payouts on these are based on percentage of prize fund, whilst Powerball are fixed prizes. Lowest prize for matching the Powerball is $3, whislt in the euro lottery the lowest level prize is on average around £7 that is to say around $14.

3. Euromillions is tax free

and Powerball is not. Take a look at this week's euro millions lottery draw and will see that if on Friday night your numbers come up then you are banking roughly $34,037,309.00. Whilst yesterday's Powerball jackpot of $103 millions was won. However the cash value is a lot less, looking at past winners for near the same amount and the win becomes $46 odd million. But that is not what you are banking, you still have to cough up Federal and State Income tax so you could end up with around half the cash sum in your pocket.

So it's $34 mill if you go with the euro millions lottery but only $23 mill if you play Powerball and your odds are twice as bad playing it!

So why do our customers keep playing Powerball? Looking at our customer purchases yesterday, there were TRIPLE the sales for Powerball compared to Euromillions.

Are we really all that greedy?