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Tuesday, May 11, 2010

What Does Parimutuel Mean? (Lottery Trivia Question 2010-09)

This week's Lottery Trivia Question is about Lottery Prize Winning Payouts in General.

Our Trivia Question #2010-09 is: 
Many Pick 3, Pick 4, and other lottery prizes are paid out on a parimutuel basis while some are stated as a fixed amount.
  • What is a parimutuel Lottery Payout?
  • How does it differ than fixed payouts?
  • Are parimutuel payouts higher or lower than fixed payouts?
Enter your answer by leaving a Comment to this post below. Leave your name, and if you have a website or blog, provide it's URL and name.

We will provide the correct answer next Monday, May 17th, and will post your name and a URL link back to your site.

JL.........

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