Since Mark Six was launched, the Hong Kong Jockey Club has never issued a nine-digit cheque to any winner of the lottery. That’s because the first division or top prize above HK$100 million has always been shared by more than one winner.
But that streak may be broken on Thursday, January 11, a highly auspicious date in Chinese numerology, when a HK$110 million jackpot awaits the lucky Mark Six winner.
A nearly HK$90 million jackpot has accumulated because there was no winner of the top prize over the past eight consecutive draws.
This will be the ninth time the Jockey Club has an over HK$100 million jackpot since 2002 when the lottery balls were increased to 49. That included four times in 2016. No single winner was able to claim the top prize on those occasions.
Winning the Mark Six jackpot is almost every Hongkonger’s dream, although the size and value of the prize might be much less than what people would have hoped.
The local jackpot is dwarfed by the lottery winnings in the United States. Just this Monday, for example, a lucky Powerball ticket holder from New Hampshire grabbed the US$559 million jackpot, and a 7-Eleven store in Florida sold the ticket that won the US$450 top prize for the Mega Millions draw last Friday.
On the other hand, winning the Mark Six jackpot is no guarantee for a happy retirement. Let’s say you won HK$10 million: that would only get you a one-bedroom apartment on Hong Kong Island. If you’re lucky enough to be the only winner of Thursday’s Mark Six jackpot, then you can have a four-bedroom flat along Victoria Harbour, but nothing much else.
Sun Hung Kai Properties (00016.HK) just broke the record at the Sales of First-hand Residential Properties Authority after it sold a 1,585 square foot flat in Island East for HK$102.8 million, or HK$64,887 per square foot.
In case you feel like you want to extend your winning streak, a mere HK$110 million would get you 227,000 shares of Tencent (00700.HK), 1.1 million shares of Ping An Insurance (02318.HK), or 3.7 million shares of shares of Geely Auto (00175.HK). These stocks at least doubled their value in 2017, and they continue to seek new highs.
As they say, if you can’t beat ‘em, join ‘em. Why not buy a lottery ticket with their lucky stock codes: 5, 7, 16, 17, 18, 23?
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