💰
Megapot
  • Overview
    • About Megapot
    • How to play
    • How to provide liquidity
    • How to refer users
    • Earn as a liquidity provider
    • About the Team
    • Megapoints
  • Deep dive
    • Components
    • System Diagram
    • Smart Contract
    • Provably Fair
  • Developers
    • Start Here
    • Add jackpot to your site
      • Custom Integration
        • Getting Started
        • Contract Functions
        • Jackpot Page
        • LP Deposit Page
        • History Page
      • React UI Kit
        • MegapotProvider
        • Jackpot
        • useJackpot
    • Offer cost-effective incentives
    • Launch jackpot in your token
    • Developer Reference
      • Testnet & Mainnet
      • Contract Overview & Functions
      • Megapot API
      • Megapot Examples
      • How to Earn Fees
      • Brand Kit
  • Appendix
    • VIP Program
    • FAQ
    • Comparisons to Lotteries
    • About Megapot
  • Terms of Service
  • Privacy Policy
  • Responsible Gaming
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  1. Appendix

Comparisons to Lotteries

Metric

Megapot

Powerball

Mega Millions

EuroMillions

🎟️ Ticket Cost

$1

$2

$2–$3

€2.50

🎯 Jackpot Win Odds

1 in 1,428,571 ($1M jackpot)

1 in 292,201,338

1 in 302,575,350

1 in 139,838,160

💰 Expected Value (EV)

–$0.30

–$1.61

–$1.50 to –$1.70

–€1.80

⚡ Settlement Speed

Instant (onchain)

Days

Days

Days

🔍 Transparency

100% (smart contracts)

Centralized & opaque

Centralized & opaque

Semi-transparent

🏆 Claim Prize

Auto to wallet

Manual claim at lottery HQ

Manual claim (varies by size)

Manual claim via retailer

⏳ Round Duration

24 hours

3 times/week

2 times/week

2 times/week

Megapot Expected Value (EV)

EV=(Jackpot Share per Ticket)−Ticket CostEV=(Jackpot Share per Ticket)−Ticket CostEV=(Jackpot Share per Ticket)−Ticket Cost

Since 70% of all ticket sales fund the jackpot:

  • If you buy 1 ticket for $1, $0.70 of it contributes to the prize pool. 30% is paid as fees to the community for building a large jackpot and referring users.

  • Each entry has a 100% fair chance of winning. Your odds to win are entry value / jackpot size.

  • This means your expected return = 70% of your ticket, or $0.70.

  • So EV = $0.70 – $1 = –$0.30

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Last updated 4 days ago