Where does lotto money come from?

Question

In Australia especially or any other countries?

Answer 1

The jackpot rarely more than the contributed amount, if it is then the jackpot is adjusted to a lower amount. The jackpot is a carry over, so if it isn't won then the money is still in the bank for the next draw so they have already made their profit on that jackpot, the next draw could sell much less tickets but because they have already made their profit then they don't lose anything, does that make sense? That's why when no one wins one week, the prize amount goes up the next week, once it's won then the prize amount comes down again.

Answer 2

The lotto get the money from the lottery buyer. Then, they use those money to pay for the lottery winner. Of course, they are earning some amount from this

Answer 3

lol from all the money that people spend on the lotto tickets

Answer 4

They usually come from the people who pay to play. There are more players than the prize.

Answer 5

Lotto money comes from the lottery ticket customers. For example, if the jackpot is 30 million dollars and 1 lottery ticket is $10, your contributing $10 to the jackpot.