Louisiana Lotto Review
With a starting jackpot of 250,000 dollars, Louisiana Lotto is far away from the most spectacular games like Powerball and EuroMillions, for example. Here’s one redeeming quality and it happens to be an important one – the pool of numbers to choose among consists of 40 possibilities. This means that your odds of becoming rich are much better than in the case of playing multi-million lotteries. With ticket prices starting at 1 dollar and jackpots that do reach some pretty impressive numbers occasionally, Louisiana Lotto is definitely worth a try.
Louisiana Lotto Overview
The history of Louisiana Lotto dates back to 1992. The first drawing took place in the end of January. On December 1996, Louisiana Lottery decided to add a second drawing. Today, the Lotto numbers are drawn two times per week – on Wednesday and Saturday.
What’s unique about the lottery is the small pool of numbers to choose between. This is the main reason why Louisiana Lotto is so popular among residents of the state and why it’s a Louisiana Lottery’s flagship game.
Is Louisiana Lotto a Scam?
Rest assured that Louisiana Lotto is a completely legitimate opportunity to win some cash. As already mentioned, its history goes back to 1992. Over the decades, Louisiana Lotto has maintained its impeccable reputation.
The game is the creation of the Louisiana Lottery Corporation – an entity that was formed in 1991 by the government. Some of the games that the corporation organizes and holds in the state include Pick 3, Pick 4, Easy 5, Powerball and Mega Millions.
Louisiana Lottery Corporation generates funds for the Minimum Foundation Program. Some of the money generated through ticket sales are dedicated to the improvement of public education in Louisiana.
The corporation is responsible for making sure that all drawings happen in a fair and legal manner. The Louisiana Lotto drawings on Wednesday and Saturday take place at the Louisiana Lottery Corporation headquarters. Automated drawing machines are used and the entire process is recorded. As you can see, there’s nothing to worry about – simply buy your ticket and have fun.
How to Play?
Playing Louisiana Lotto is simple and fun.
Pick 6 numbers from a pool of 40. You can either submit your own numbers or have a ticket randomly generated for you at the point of sale. A single ticket entry will cost you just 1 dollar.
When buying your ticket, it’s possible to choose the Multi Draw option. Depending on your preferences, you can have the same numerical combination submitted for the upcoming 2 to 20 consecutive games. Multi Draw is perfect for avid enthusiasts that don’t want to miss a drawing and that always play the same numbers.
Prize Tiers, Winning Distributions and Odds
Louisiana Lotto comes with a minimum guaranteed jackpot of 250,000 dollars. The odds of getting all six numbers correct are 1 in 3,838,380. The jackpot’s best aspect is that in the case of no winner, it will roll over towards the upcoming drawing.
The biggest jackpot won by a single ticket was 21.2 million dollars. It was won by Robert H. LeBas Family Partnership of Church Point. The biggest jackpot ever that was divided between two tickets was 31 million dollars. As you can see, Louisiana Lotto can accumulate some impressive prizes with time. Playing is all about waiting strategically until the jackpot sum grows.
|Prize Tier||Numbers Matched||Odds of Winning||Estimated Prize|
|1||6||1 in 3,838,380||Cash Jackpot|
|2||5||1 in 18,816||$2,000|
|3||4||1 in 456||$50|
|4||3||1 in 32||$3|
Get 5 correct numbers and you’ll be eligible to win the second prize tier. The odds of having 5 correct numbers are 1 in 18,816 and the average prize is 2,000 dollars. Four correct numbers will bring you a prize of 50 dollars and the amount for 3 correct numbers is fixed at 3 dollars.
The overall odds of winning a prize are 1 in 30, which isn’t bad. Some lotteries do have a bigger number of prize tiers and better overall odds of winning a certain amount. Still, Louisiana Lotto is quite inexpensive and its jackpot odds are among the best in the world.
Collecting Prizes, Rules and Regulations
The Lotto jackpot prize is advertised as a cash amount. This means that the winners will usually receive less than what the sum has been announced to be for the respective drawing. Both federal and state taxes apply, which will obviously have an effect on the final amount.
All players have 180 days from the date of the drawing to claim a prize. Depending on the amount, the prize can be claimed from either an authorized retailer or the Louisiana Lottery Corporation headquarters.
Prizes in the range from 1 to 599 dollars can be claimed from any authorized retailed in Louisiana. Claims for such prizes can also be made by mail for added convenience. All that you have to do is print and complete a Winner Claim Form and include the signed original winning ticket in the letter.
Prizes that exceed 600 dollars can be claimed either by mail or from an authorized lottery office. A full list of the offices in Louisiana is available on the official Louisiana Lotto website.
Amounts that are higher than 510,000 dollars should be claimed from the Louisiana Lottery Corporation headquarters in Baton Rouge. More information about claiming jackpots and larger sums of money can be obtained by calling 1-800-735-5825.
When it comes to taxation, things are pretty straightforward. Louisiana Lottery is obliged to report prizes exceeding 600 dollars to the IRS. Amounts that exceed 5,000 dollars are subject to both federal and state taxes. The federal tax is 25 percent and the state tax amounts to 5 percent.
Foreigners living on the territory of Louisiana can play Louisiana Lotto and make prize claims. In this instance, the federal tax will be 30 percent.
Can You Buy Tickets Online?
Louisiana Lotto is strictly an offline game. It’s not possible to buy online tickets even if you’re on the territory of Louisiana. The good news is that you have numerous official retail points to choose among and get your tickets. The Multi Draw functionality is also great because you can buy your tickets in advance and forget about visiting a retailer for the upcoming 20 drawings.
Louisiana Lotto: The Final Verdict
Louisiana Lotto does have a number of positive characteristics that make it worth a try. The most important ones include the following:
A ticket costs you only 1 dollar
There’s a minimum guaranteed jackpot of 250,000 dollars
The jackpot will roll over and it can reach some pretty impressive figures
Two drawings take place per week
The odds of winning the jackpot are excellent in comparison to what other lotteries have to offer
Lower prizes are exempt from taxes
The state tax is relatively low
International players residing in Louisiana can play Lotto
Some of the funds generated through ticket sales go to support good causes
Some of the prizes can be claimed via mail for added convenience
On the downside:
The minimum guaranteed jackpot isn’t that high
The lower prize tiers aren’t too impressive
Federal tax on the bigger prizes will reduce the sum significantly
There are no extras or additional gameplay features that will enable you to multiply or increase the amount you’ve won
You can’t play Louisiana Lotto online
We’ve already established it – Louisiana Lotto is legitimate and it happens to be one of the most widely played games in the state. After all, a single ticket costs 1 dollar and it gives you the chance to win at least 250,000 dollars. Do the math and you’ll find it easy to decide whether Louisiana Lotto is worth a try.