There is a first time for everything – the EuroMillions jackpot cap has risen to €200 million. Across the continent, players have the opportunity to play for the highest figure prize in history. This is the right time for us to explain how Euromillions jackpot works.
Unlike other significant lotteries, Euromillions jackpot can not rise indefinitely. The organisers capped it and introduced the system called – Must Be Won. As the term implies, if no one was able to claim the top prize during a certain number of attempts, the jackpot is distributed to all the winners of the lower tiers.
The jackpot cap is €200 million, and it will be distributed to the lower prize tiers if nobody will guess the 5 +2 numbers during 4 consecutive draws. If this is the case, the Must Be Won draw will take place on December 18.
The cap in combination with Must Be Won makes Euromillions hugely attractive lottery. It provides with considerably better odds and payout structure for lower prize tiers and with this it sets it apart from my other rival games.
How Did The New Euromillions Jackpot Cap Come About?
The jackpot cap increased to €200 million from €190 million level set previously. The number came about after the number of draws has produced no jackpot winners in recent weeks.
The multiple rollovers have hit the peak prize number, creating a cap increase under the lottery’s rules. Only four other times have the €190 million cap been hit, including by the winners from the United Kingdom, Spain, and Portugal. The most recent capped win brought a congregation of EuroMillions operators to discuss increasing the cap, which was agreed.
How To Claim The EuroMillions Jackpot
Despite the new cap, there are no special requirements or processes to get involved with the massive prize draw. Players need to buy tickets as usual in hopes to become the winner of the €200 million prizes. That number for UK players would be approximately £175 million but is subject to fluctuation with the exchange rate in consideration.
The odds of winning the jackpot are 1 in 139,838,160, but should you be the lucky winner you have 180 days to claim your winnings. Is it worth the rush to buy tickets for the jackpot you may ask? Absolutely. Prizes can be one from having as few as two correct numbers on your ticket pending that the grand prize does not have a claimant.
EuroMillions Jackpot Allocation and Lower Prize Tiers
Claiming the €200 million jackpot would require a top tier win of a 5 +2 number match. If nobody wins, the prize will roll over to the next draw to a maximum of 5 rounds. The jackpot must have a winner on the fifth draw – but the rollover from each draw means if there are no winners, the next tiers down would have their winnings boosted.
Providing example if you have ‘5’ numbers correct + 1 lucky star, or ‘5’ numbers correct with no lucky stars your winnings would significantly increase more than usual. The prize tiers trickle down to having 2 + 0 numbers correct, leaving odds at winning a small prize at least 1 in 22. No more than €200 million can serve as the jackpot, with the cap in place.
How EuroMillopms Jackpot Must Be Won Works?
If there is no winner in the ‘5+2 tier’, the jackpot winners will climb down the ladder until it reaches a tier that contains winners. The next level down will be ‘5+1’, and if there are no claimants in the bracket, it will go down to ‘5+0’ – so on and so forth.
Once a tier is reached that contains winners, the grand prize splits between every winner in that level. The jackpot resets to its beginning €17 million pool after the capped grand prize is shared to everybody the winning bracket.
The jackpot is an excitable amount with the potential to increase in future. At the present moment in time, the cap will stay as it is, but you won’t win if you don’t play! The odds may be high for the jackpot, but the current rollovers and cap give you a chance for increased earnings even with a couple of numbers correct.