What is a EuroMillions ‘Jackpot Event’?
At certain times in the year, we have big EuroMillions Jackpot Events. Some of you have been asking questions about these events on our social channels, so we’ve put together the following Q&A to help explain what they are and why we have them.
Q: What is a Super Draw event?
A Jackpot Event is where we ‘guarantee’ that the EuroMillions Jackpot will be a minimum (and substantial) amount on a certain date.
Q: What is the guaranteed amount?
For a Jackpot Event, the EuroMillions jackpot will be €100m, which we estimate to be around £72m here in the UK based on current (June 2015) exchange rates.
Q: How do you know when you will have these draws?
The Jackpot Events are planned in advance with the agreement of all nine EuroMillions countries. They are scheduled on days that work for all the countries in relation to other lottery event draws as well as local events, such as public holidays..
Q: Why do you have these draws?
The main reason players buy EuroMillions tickets is to win huge jackpots – people get more excited the higher the jackpot amount. As it is a lottery, anything can happen, so it is difficult to predict when there’ll be a giant jackpot. Planning a Jackpot Event enables us to plan advertising and promotion around the substantial jackpot. This keeps the game fresh and exciting for players, helping to drive sales, the number of winners and, ultimately, the amount of money for National Lottery-funded Projects, which to date, you’ve all helped raise £34 billion for.
Q: How does it work?
Whatever the jackpot has naturally reached by the date of the agreed draw, we’ll boost it up to €100m (£72m). For example, if on the Tuesday before the Jackpot Event, the jackpot rolled and going into Friday’s draw was estimated at £22m, we would top that up to £72m.
In the past, there have been times when the jackpot has been topped up from the first draw after a jackpot has been won (we call this a ‘base draw’), and times when it has been topped up from a much higher jackpot following a series of rolls. There may also be no need to top up the jackpot if the jackpot level has already surpassed the Jackpot Event threshold (€100m, or £72m).
Q: Where does the money come from?
For each EuroMillions draw, a percentage of the shared prize fund is added to a fund known as the ‘EuroMillions Reserve Fund’. This Reserve Fund is shared by us and the other EuroMillions countries and, following a jackpot being won, is used to boost the jackpot of the first ‘base’ draw to €15m (or £10m using current exchange rates). It can also be used to increase the jackpot for Jackpot Events.
Q: If you don’t need to top up the jackpot, what happens to the money?
If the jackpot naturally reaches £72m, then the money that would have been used to top it up remains in the EuroMillions Reserve Fund, which is used to fund future Jackpot Events or promotions.
Q: Why don’t you add the guaranteed amount to the existing jackpot?
A Jackpot Event is guaranteeing a minimum jackpot amount of €100m – it’s not adding a guaranteed amount on top of the natural jackpot, it’s simply boosting it.