What is the Lotto?
The Lotto is a pari-mutuel game in which people are allowed to play for a jackpot prize. This game involves matching two (2), three (3), four(4), five(5), or six (6) numbers. In Illinois, the game is operated through an independent company that conducts the drawings. In other states, it is illegal to play the Lotto, but in many, it is considered an acceptable form of gambling. However, some states have strict regulations that govern Lotto games.
Lotto is an Illinois-only $2 jackpot game
The Illinois Lottery offers a two-million-dollar jackpot each week. The game was first launched in February 1983, with one draw every Saturday. The winning numbers were chosen from among 40. In November 2012, the Illinois Lottery introduced the Extra Shot feature. Players can now choose multiple drawings to increase their chances of winning. In addition, the Illinois Lottery offers a Multi-Draw/Advance Play option.
It’s a pari-mutuel game
What is horse racing pari-mutuel betting? In the pari-mutuel system, participants pool their wagers and divide the total amount of money bet. The winner of each race is rewarded with a prize according to the number of winners and gross sales. Generally, the more populated the state, the bigger the jackpot prize will be. Occasionally, pari-mutuel betting is illegal, but in Kentucky, a recent decision made it legal.
It’s played by matching two (2), three (3), four(4), five(5) or six (6) numbers
Getting the jackpot in the lottery involves matching two (2), three (3), four(4) or five(5) numbers, depending on how many lines you play. You can win $1,500 if you match three to five numbers on any one line. The jackpot grows every time it is not won. You can play for a week or for a month and have multiple chances to win big!
Scams associated with winning a lotto
There are many scams associated with winning the lottery. Scam artists will often send fake “checks” and bogus prize checks as part of the winning notice. These checks bounce when the winner tries to deposit them in their bank accounts. These checks are often counterfeit and drawn from a person’s bank account. The money is never received by the victim. The scam artist may even pretend to be a lawyer in order to get the money from the victim.