What are the odds of winning $80 million in the Canadian lottery?

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A wealth of money is up for grabs in Friday’s Lotto Max draw.

An $80 million jackpot is being offered, plus an estimated 20 $1 million maxmillion prizes, marking $100 million in top prizes, the Ontario Lottery and Gaming Corporation (OLG) said.

The $80 million jackpot was also offered in Tuesday’s drawing. No one won it, although a few big winning tickets were sold in Ontario.

The OLG noted that nine of the 10 Lotto Max jackpots won so far this year have been claimed in Ontario, marking $465 million in jackpot prizes for Ontario players.

Lotto Max is played across Canada.

So what are the odds of winning the $80 million jackpot?

Not that great, to say the least.

The OLG issued a press release Friday morning about the jackpot, saying “Ontarians are in ‘daydreaming’ overload” and thinking about what they would do if they won. And really, daydreaming is all most people will get out of buying a ticket.

For every $5 game, you have about a 1 in 33,294,800 chance of matching seven out of seven numbers and winning the jackpot, OLG says.

As a percentage, it is about 0.000003 per cent.

In contrast, you have about a 99.999997 percent chance not win the jackpot.

The same applies to individual maxmillion draws, as these also require a seven out of seven match.

But of course, sometimes people win the huge prizes that beat the seemingly impossible odds.

Here’s a further look at the odds for the main Lotto Max draw, which provided by OLG:

**The prize will be shared among the eligible holders of winning tickets for the prize in question.

OLG said your odds of winning a prize are one in seven.

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