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Gambling is there for your entertainment, but of course those huge payouts are enticing. Winning a multimillion dollar jackpot leaves a lot to luck and chance. There are two games that offer multimillion dollar jackpots: progressive slots and lotteries. But which boasts the better odds of winning the big bucks?
Comparing the Odds: Slots vs. Lotto
Here’s a brief rundown of the odds of winning each of these jackpots.
With bigger jackpots than table games, slot machines are the most popular games in today’s casinos. Progressive machines claim the highest jackpots. A portion of the money put into the game by each player is funneled into the jackpot, so the jackpot climbs higher and higher as more and more people play. Compared to playing the lottery, gambling on slot machines gives you greater potential for loss at a higher price…with lower odds of winning. Still, playing the slots gives you the opportunity to win many more smaller and medium-sized payments than lottery games.
By playing the lottery, you give yourself better odds of actually taking home that multimillion dollar jackpot. Lotto tickets come at a lower cost than a spin for the jackpot in a slot game. On the other hand, even if you play the lotto regularly, you’re likely to most often only win nothing or a very small amount. If lotto is the way you want to go, keep in mind that state lotteries have better odds than national lotteries.
Finally, remember that bigger prizes in any game are harder to win. You can increase your odds of taking home something by playing games for smaller prizes.