Source: The Daily Telegraph
THE Melbourne Cup might be the race that stops a nation - but it's the dream of instant mega-bucks in tonight's $70 million Oz Lotto draw that has one in three Australian adults reaching for their wallet.
Punters are expected to splurge more chasing the statistically impossible Lotto dream - more than $186 million since the draw began to jackpot eight weeks ago - than the $150 million bet on last year's Cup. About 5.5 million tickets are expected to be sold ahead of the division one draw with 7600 entries a minute being processed at the height of the anticipated frenzy between 4pm and 5pm today, according to NSW Lotteries.
Despite the growing Lotto mania, the forecast ticket sales are slightly down since the last time the jackpot reached $70 million in May, which was shared by three winners from 7.5 million entries.
NSW Lotteries and its interstate counterparts do not reveal specific dollar amounts spent on individual draws.
But an average spend of $20 would see punters spend an anticipated $110 million chasing dreams of private islands, personal jets and an easy life.
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That follows $76 million spent on 3.8 million entries in last week's $50 million draw, which returned a total prize pool of $21.5 million, including $51,000 each to 12 division two winners, but no jackpot.
While mathematicians rate the odds of winning at one in 45 million, the possibility of instant riches appears more compelling to punters than the Melbourne Cup, where the odds essentially boil down to one in 24.
Tattsbet divisional general manager Brad Tamer said Australians bet $150 million through TABs on last year's Melbourne Cup.
NSW Lotteries spokeswoman Una O'Neill said research into the past four biggest draws - ranging from $40 million to $90 million - found the numbers 6, 11, 23, 29, 34, 40 and 42 have each been drawn twice.
After researching the odds of winning games of chance, University of Technology Sydney mathematics professor Alex Novikov has one piece of advice for hopeful punters: don't bother. "I don't advise to play any game," he said.
"Of course somebody wins, for everyone else the odds are practically zero."If you miss out tonight though, there's always Saturday - the Lotto Superdraw has jackpotted to $21 million. Or you can try your luck next week on The Melbourne Cup.
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