is lotto max paid in a lump sum
Lotto Max is played similarly to its predecessor, with players selecting seven numbers from a field of 49. A single board costs $5, and each purchased board also includes two additional quick picks. The main drawing features a jackpot prize starting at CDN$10 million. After the jackpot reaches at least $50 million, additional drawings are held for auxiliary ``MaxMillions'' prizes of $1 million each. MaxMillions prizes are carried over until they are won, and additional MaxMillions prizes are added for each week a main jackpot of at least $50 million is not won. Initially capped at $50 million, the main jackpot is capped at $60 million as of the July 17, 2015 draw. Once a jackpot is won, unclaimed MaxMillions prizes, if any, are placed in the main jackpot on top of the $10 million minimum. As with all Canadian lottery jackpot games, winners receive their prizes in a tax-free lump sum.
Lotto Max