The Ultra Lotto 6/58
jackpot as of 2018-10-09 draw is at ₱1,026,264,340.00
at today's exchange rate (this post).
The next draw will be this coming Friday, 2018-10-12. This is the largest #Lotto
jackpot in #Philippines
Imagine how unusual this is. The number of people betting has increased exponentially since July when the jackpot has hit ₱500,000,000.00, yet no one has won it yet.
The number of combinations for 6/58 is 40,475,358. If you think about it, people were winning the jackpot of 6/58 since it launched. But why, despite the increase of bettors (people who doesn't even bother with Lotto are betting, even the rich and wealthy are betting), the ₱1 billion jackpot is still up for grabs?
The last high jackpot was in 2010 for a different Lotto game, the Grand Lotto 6/55. One person got the jackpot amounting to ₱741 million. There are 28,989,675 possible combinations for 6/55 game. No Lotto variations in the Philippines has broken that record until now.
In other words, not hitting the jackpot is a rare thing despite the staggering odds. Yet here we are today, the Ultra Lotto 6/58 jackpot has reached ₱1 billion yesterday. This Friday draw, it is expected to reach ₱1,050,000,000.00 or more, with another exponential increase in bettors and increase in the number of bets for each individual.
Take note, there are 107 million Filipino citizens in the Philippines today. Non-citizens are not allowed to bet (as far as I'm aware), so only foreigners who were granted citizenship can bet and they are betting too.
What's the story in your home country? Any National betting game that reached this insane amount from where you live or lived?