Why is the term “guaranteed” used to describe some lottery Jackpots, while “estimated” is used to describe others?
The five Canadian lottery regions “guarantee” some Jackpot amounts on LOTTO 6/49 to provide larger top prizes to players. “Guaranteed” Jackpot amounts are not normally funded by player sales alone, so promotional funding is added by the regions to ensure the guaranteed amount is met. “Estimated” Jackpot amounts are an estimate of what the final Jackpot will be, and are based on the anticipated player sales. The final Jackpot amount may be higher or lower than the original estimate, dependent on the actual sales for the draw.
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