FOR THE NEW YORK GAMING COMMISSION GO TO GAMING.NY.GOV
WEBSITE INFO  HELP  CONTACT US  RETAILERS     
HOME



YOUR LOTTERY

Winning Numbers

How To Redeem Your Prize

Winners Stories

Events & Promotions

Retired Lottery Games

News

Drawing Results


Help


How does the Lottery set the LOTTO jackpots?

The estimation of Lotto jackpots is based upon projected sales. Sales are estimated based upon recent historic trends, weather, competing jackpots and the amount to which potential players are distracted by current events. Once sales are estimated, the jackpot is set using a formula regarding how much of each sales dollar goes to the jackpot. This amount of cash is then multiplied by a factor to estimate the announced jackpot annuity value.

The jackpot factor is based on the market for 100% U.S. government guaranteed treasury securities. The factor takes into consideration the amount of each scheduled annual payment and the expected interest earned on funds to support those payments. The expected interest rates are estimated before the drawing. Real-time market information (based upon quotes from several brokers) from the first working day after the drawing is used to set the particular drawing's factor.