EuroMillions is a transnational lottery game organized by ten gaming companies or their subsidiaries in twelve European countries since 2004. Players choose five numbers from 1 to 50 and two stars numbered from 1 to 12. They pay €2.50 per ticket with two draws per week. This game has made some lucky players multi-millionaires. Perhaps you dream of winning the EuroMillions jackpot?
In this article, I will explain why you should not play EuroMillions despite this tempting offer.
1- EuroMillions is a voluntary tax– play euromillions jackpot
Statistically, EuroMillions players are losers, as there is an average 7.71% chance of winning on each combination played at 2.50 per combination. The only real winner is the government, which takes a commission on each draw. The government always wins.
| Rank | Results found | Probability of winning (rounding) | 1 chance in | % of prize fund | Expected winnings |
| 1 | 5 numbers + 2 lucky stars | 0,000 000 72 % | 139 838 160 | 60 % * | Jackpot (€17 to 230 M ) |
| 2 | 5 numbers + 1 lucky star | 0,000 014 % | 6 991 908 | 2,61 % | €200,738 |
| 3 | 5 numbers + 0 lucky star | 0,000 032 % | 3 107 515 | 0,61 % | €20,851 |
| 4 | 4 numbers + 2 lucky stars | 0,000 16 % | 621 503 | 0,19 % | €1,299 |
| 5 | 4 numbers + 1 lucky star | 0,0032 % | 31 075 | 0,35 % | €120 |
| 6 | 3 numbers + 2 lucky stars | 0,0071 % | 14 125 | 0,37 % | €57 |
| 7 | 4 numbers + 0 lucky star | 0,0072 % | 13 811 | 0,26 % | €39 |
| 8 | 2 numbers + 2 lucky stars | 0,10 % | 985 | 1,3 % | €14 |
| 9 | 3 numbers + 1 lucky star | 0,14 % | 706 | 1,45 % | €11 |
| 10 | 3 numbers + 0 lucky star | 0,32 % | 314 | 2,7 % | €9 |
| 11 | 1 number + 2 lucky stars | 0,53 % | 188 | 3,27 % | €7 |
| 12 | 2 numbers + 1 lucky star | 2,03 % | 49 | 10,3 % | €6 |
| 13 | 2 numbers + 0 lucky star | 4,57 % | 22 | 16,59 % | €4 |
| TOTAL winner | 7,71 % | 13 | 100 % | €14 | |
| 0 number + 2 lucky stars | 0,87 % | 114,5 | |||
| 1 number + 1 lucky star | 10,64 % | 9,4 | |||
| 0 numbers + 1 lucky star | 17,47 % | 5,7 | |||
| 1 number + 0 lucky star | 23,97 % | 4,2 | |||
| 0 numbers + 0 lucky star | 39,32 % | 2,5 | |||
| TOTAL loser | 92,29 % | 1,1 |
*Prize Guarantee Fund is included
The probability of winning at least €1,299.00 is 1 chance in 480,543.55 or about 0.0002081 % and therefore the probability of losing is 99.9997919023 %
The probability of winning more than €1,299.00 by playing one ticket (€2.50) per week for fifteen years is €1,950.00 (52 × 2.50 × 15) is 1 chance in 616.58 i.e. a probability of 0.1621847% (100% – (99.9997919023 %)(52×15)). As you can see, you have a very small chance to win more than €1,299.00 and I let you imagine to win millions of euros. A large part of the players try their luck to make a fortune and not to win “a few euros”.
2- The majority of lottery jackpot winners end up broke after a few years.– play EuroMillions
Most gamblers who win hundreds of thousands or even millions of dollars usually end up broke a few years later because they are not psychologically prepared to handle so much money overnight. They squander their winnings on luxurious lifestyles, bad investments, etc.
In the book “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy,” authors Thomas. J. Stanley and William D. Danko summarize the 249 questions they asked 14,000 American millionaires.
Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.
Thomas J. Stanley, The Millionaire Next Door (Source : GoodRead.com)
Managing your finances is a skill that takes self-control and time. As your assets grow, so do your skills. An estate of $1,000,000 can’t be managed in the same way as an estate of $10,000. Unfortunately, financial literacy is not widely taught in schools. According to the Organization for Economic Co-operation and Development (OECD), financial literacy is the set of skills and knowledge that enables an individual to make informed and effective decisions with all of their financial resources.
3- The myth of the million euro– play EuroMillions
Becoming rich or a millionaire is the dream of many people, but according to Ray Dalio, one of the greatest investors of the 21st century according to Forbes :
Having the basics—a good bed to sleep in, good relationships, good food, and good sex—is most important, and those things don’t get much better when you have a lot of money or much worse when you have less. And the people one meets at the top aren’t necessarily more special than those one meets at the bottom or in between.
Ray Dalio, Principles: Life and Work (Source : GoodRead.com)
In the book “The Millionaire Next Door: The Surprising Secrets of America’s Wealthy” some of these millionaires want more freedom, more happiness and more independence above all else, and I think just about everyone wants the same thing.
It’s up to you whether you really want to make a fortune or just make a little more money to realize your projects. Either way, don’t rely on EuroMillions to get rich.
What to do with your extra money?– play EuroMillions
I suggest you invest the money you don’t need to live on in your education to acquire new skills that will allow you to earn more money or directly in assets like the stock market or real estate. If you are hesitating between investing in the stock market or in real estate, you may be interested in this article: “The stock market or real estate: which is the better investment?”
In this section, we will focus on investing in the stock market. Historically, stock markets tend to go up more often than down.
The longer you invest, the less likely you are to lose money. If you hold a group of securities composed of American stocks for 15 years, you have a 0.2 % probability of losing money. This is why it is highly recommended to invest in the stock market for decades and let time do the rest.
By investing €1,950.00 in 2007, your capital is valued at €6,560.00 in 2022 i.e. a return on investment of 236 %.
The average return of the American market is 8.38 % per year for the last 15 years. The maximum loss is 50.89 % and 37.04 % over one year.
Past performance is not indicative of future performance, but statistically the average US stock market yield is above 8 % over the long term.
By investing ten times as much, you can acquire a lot of money in about 50 years.
In my book “Investing in the stock market like a pro“, I propose portfolios that yield more than 8 % per year and are less risky. In addition, I recommend to do a DCA (Dollar Cost Average), i.e. investing the same amount of money in one or more ETFs on a regular basis (e.g. every month) with the aim of averaging the purchase price(s).
Conclusion– How do you play EuroMillions
Winning a lot of money in the lottery is a dream for almost everyone, but this dream hides a sad reality. A tiny minority of players make a fortune, and the majority of jackpot winners lose everything.
I think it would be wiser to use that money to develop your skills in a field that makes sense to you or to invest it in assets.
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