Prizes
The Wenwin 7/35 Lottery is a one-of-a-kind lottery that was designed to maximise profits for WW holders, while minimising the risk of insolvency and aiming to grow the Prize Pot at a reasonable rate.
Overview
To win a prize, a ticket must match a minimum of 3 numbers out of the 7 numbers drawn. Depending on the number of numbers matched, the following prizes (plus bonuses when available) are given out:
Match 7 (Jackpot Prize)
Initial Prize Pot / 3.33 USDC shared
Match 6
2,000 USDC per ticket
Match 5
100 USDC per ticket
Match 4
7 USDC per ticket
Match 3
2 USDC per ticket
The Wenwin Lottery has an RTP (Return to Players) rate of 100%, which is higher than any other lottery in the world.
Jackpot Prize
A Jackpot Prize is won when all 7 numbers on the ticket match all 7 winning numbers drawn from the lottery. If there are multiple winners of the Jackpot in a single draw, the prizes will be evenly shared between the number of winning tickets. No other prizes are given for the round where a Jackpot is won.
The Jackpot (Match 7) Prize will be dynamically decided based on the initial sales proceeds going into the Prize Pot:
For example, if the Initial Prize Pot is 6,000,000 USDC, then the Jackpot Prize will be 1,800,000 USDC.
The multiplier of 3.33 was decided after running various simulations with a target zero bankruptcies over the next 500 draws. With a 3.33 multiplier, the Wenwin Lottery always has a good safety margin to make sure there is no insolvency event and the Jackpot keeps growing in a sustainable way.
Non-Jackpot Prize
A Non-Jackpot Prize is won when numbers on the ticket match 3 or 4 or 5 or 6 winning numbers drawn from the lottery, except for when a Jackpot is won.
Non-Jackpot Prizes are fixed as follows:
Match 6
2,000 USDC per ticket
Match 5
100 USDC per ticket
Match 4
7 USDC per ticket
Match 3
2 USDC per ticket
The above Non-Jackpot Prizes were set to beat prizes offered by similar games with a similar ticket price, taking into account the probability of matching numbers in each division. Furthermore, unlike other 7/35 lotteries, Wenwin also features a Match 3 tier, which allows approximately 10% of players to get their ticket price back, or to play again.
Claiming Prizes
Winning tickets have a one-year deadline from the draw time to claim their prize by redeeming the winning NFT ticket.
For the avoidance of doubt, a ticket can only claim the prize based on the highest number of matches. For example, a 4 out of 7 winning ticket can only claim a 4 out of 7 prize.
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