How Do Syndicates Work in Eurojackpot?
Your best chance of winning a huge sum from Eurojackpot is joining a syndicate. Of course, it is wonderful if you can hit the jackpot on your own and bag a huge prize. A player from the Czech Republic did in 2015 winning €90 million. That is the ideal scenario. However, your chance of doing the same thing is 1 : 95 344 200 with one line. The more lines you play, the higher chance you have. Joining a syndicate gives you this golden chance as you can play hundreds of lines without spending a fortune.
When you join a syndicate, you share your lines with each other. If one or more lines win a prize, then the prize sum is shared among the syndicate members. You can buy more shares chipping in more money to increase your shares from a possible win. Alternatively, you can create your own Eurojackpot syndicate joining forces with your buddies at such credible online lottery platforms like Lottoland.
What Happens if a Syndicate Wins the Eurojackpot Jackpot?
If one of the best Eurojackpot syndicates wins the jackpot, then the prize is shared among the syndicate members. The winnings might be taxable depending on your local gambling laws. You can check our detailed EuroJackpot Review to learn more about the taxation of the winnings and other legal obligations. The taxed amount is also shared among the syndicate members.
You have the chance of making more money by buying more shares from the syndicate. The popular online lottery sites offer the option of purchasing multiple shares from the best Eurojackpot syndicates. For example, you can buy a share from the Eurojackpot 100 syndicate with 105 combined lines at Lottoland for only £5. You can purchase as many shares as you wish to win more money if your syndicate hits the jackpot or wins any secondary prize. To learn more about how syndicates work at this popular online lottery betting site, read our detailed Lottoland Review.
The Eurojackpot jackpot was won by a Finnish syndicate previously. A syndicate of 50 players won the main jackpot along with secondary prizes totaling up to €91,938,695.00 in 2019. We are talking about over €2 million per person. This example shows the importance of playing this popular online lottery with the best Eurojackpot syndicates.