Ukrainian Megalot

Megalot

Average 3.5 | Reviews (2)
playonline-imageYou can
play online
Latest ResultsInformation
Numbers to Pick:6/42 + 1/10
Days of Draw:Wed., Sat.
Last updated on

Ukrainian Megalot Exposed — 100% Worth a Try!

Ukrainian Megalot Exposed

Megalot Review

Wednesday and Saturday are considered lucky days in Ukraine. Why is this so? These are the days of the week during which the Megalot drawings take place. Megalot is the biggest and most popular lottery in the country. With a very affordable ticket price and quite nice jackpots (even if they can’t be considered massive), Ukraine’s Megalot is definitely a game worth trying.

Ukraine Megalot: Introduction

Megalot is the biggest game in the country. Its history dates back to 2001 when it was established by MolodSportLoto or MSL. This is the official Ukrainian lottery company that is regulated entirely by the state.

Ever since its inception, the game has followed the format that it’s known for today. It uses a double matrix – a pool of main numbers and a bonus number pool. These are both required to determine the winning numerical combination for the drawing’s jackpot.

Is Megalot a Scam?

Megalot is legitimate. It is the largest lottery played in Ukraine and it’s also provided by a couple of reputable online lottery agents. You can play Megalot confidently and without worrying about financial losses.

As already mentioned, the game is included in the MSL portfolio. MSL was established over four decades ago. In 1993, MSL became a member of European State Lotteries. The aim of the organization is to guarantee fair practices and transparency.

The MSL portfolio features a range of other popular games. Apart from Megaloto, the organization is responsible for Sportliga, SportPrognoz, Tip Top, Terminal and a game called Race for Money.

Apart from being responsible for distributing the prize funds among the winners, MSL also has a mission of supporting good causes. Some of the money generated through ticket sales goes towards the state budget. These funds are used to support charitable causes and people in need.

How to Play Ukraine Megalot?

Just like other games featuring the double matrix model, this one will have you picking main numbers and a bonus one. For a chance to win the jackpot, pick 6 numbers from a range of 1 to 42 and an additional number from 0 to 9.

The game lay enables the selection of more than one bonus number for an additional payment. Obviously, choosing this option increases the odds of winning the jackpot.

Apart from having a direct effect on winning the jackpot, the bonus number is also used to determine the prize tier 3, 5 and 7 winners.

A single ticket costs 5 UAH, which is approximately 0.2 dollars. The cost of any additional bonus number that is added to the ticket is 1 UAH. Needless to say, this is a small price to pay for an enhanced chance of winning.

Megalot Odds and Prizes

Apart from the jackpot, Megalot features seven additional prize tiers. Let’s start with the biggest award first.

The jackpot is split among all of the individuals that have the 6 main numbers and the bonus number correct. In the game, it is called Mega Jackpot and the odds of winning are 1 in 52,457,860.

MatchOdds
6 + Megaball1:52,457,860
61:5,828,651
5 + Megaball1:242,860
51:26,984
4 + Megaball1:5,551
41:616
3 + Megaball1:367
31:40

If there’s no winner of the respective drawing, the jackpot will roll over. Right now (August 2016 information), it has reached more than 10 million UAH. The biggest jackpot that Ukraine Megalot has ever handed out is 15 million UAH, which is approximately 0.59 million dollars. This amount was won on October 8, 2014. There was a single winner from Berdychiv.

The second prize tier is for the people that have matched 6 numbers. The odds of this happening are 1 in 5,828,651. The sum varies each time and it depends on the number of tickets bought and the number of winners. Usually, the amount is an average of 3.5 million UAH.

People that have 5 correct numbers and the bonus number will be entitled to the third prize tier. The odds are 1 in 242,860. Depending on the number of tickets and the winner, the prize can reach up to 10,000 UAH.

Players that guess five numbers will win 5,000 to 20,000 UAH, four numbers – 150 to 350 UAH and three numbers – 20 to 40 UAH. Such large variations are possible because of differences in the number of tickets sold (the prize pool) and the number of winners per drawing.

Additional Tips and Useful Information for Winners

The drawings take place two times per week – on Wednesday and Saturday and the winning numbers are announced almost immediately through the Ukraine Megalot website. Online lottery agencies announce the numbers, as well.

All of the prizes, including the jackpot are paid out in the form of a cash lump sum.

Until recently, Ukraine had a quite unfair taxation system that meant one winner could have been subjected to local taxes multiple times. Luckily, new taxation legislation has been passed in the end of 2015 and it has had a positive impact on the lottery industry in the country.

Prizes of less than 10,000 UAH are paid out by authorized and licensed retailers. For larger sums of money, you’ll have to visit a regional office of MSL and make a claim. Prizes have to be claimed within 180 days from the date of the drawing.

Can You Play Ukraine Megalot Online?

Megalot can be played online and there are several web-based agencies that make such tickets available. The agencies have local representatives responsible for buying tickets on behalf of the clients. Once you make a purchase and place the order, you’ll usually get a copy of your purchased ticket by email as evidence.

Would you mind rating Megalot?

The Bottom Line at Megalot Ukraine

Ukraine’s Megalot is a legitimate opportunity to win. While it doesn’t feature the jackpots that are typical for some of the most prominent international lotteries, this one brags a couple of great characteristics:

Pros:

Open to international players

There are two drawings per week

The price of a ticket is low, even if you choose to have a bigger set of numbers

Jackpots roll over if there’s no winner of the respective drawing

The jackpot is paid out once in the form of a cash lump sum

A bonus number has to be chosen and it impacts a few of the prize tiers

There are eight prize tiers

The second prize tier is also quite impressive

Megalot is an official game that is organized by a state-regulated entity

Some of the money generated through ticket sales go to support good causes

These are all wonderful features, but there are a few shortcomings to keep in mind, as well:

Cons:

Even bigger jackpots aren’t that impressive when compared to what other international lotteries offer

The cash lump sum you get when winning will have the taxes deducted from it (which can be problematic for international players that live in a country where lottery prizes are also taxed)

The lower prize tiers aren’t that impressive

The odds of winning the jackpot aren’t the most favorable in the world

What’s our conclusion? We approve of Ukraine Megalot. The lottery has straightforward rules and it is backed by national regulations. The extremely low ticket price in comparison to other lotteries makes it 100 percent worth a try. Who knows, this could be your chance to win a lovely jackpot.

Overall rating for Megalot: Average 3.5 from 0-5
3.5
Based on 2 reviews

How Much Does It Cost to Play Megalot Online?