$500 Madness
State: Illinois
Last Updated: 08/18/2025 at 11:08AM EDT
Image Credit: Illinois State Lottery
Ticket Price: $5
Expected Value (EV): -$1.62
Starting Odds: 1 in 4.21
Current Odds to Win $100 or More: 1 in 361.64
Current Odds to Win $1,000 or More: N/A
Current Odds to Win $10,000 or More: N/A
Estimated Tickets Remaining: 633,234.52 (12.56%)
Total $500 Prizes Remaining: 1,082 out of 9,499
Total $100 Prizes Remaining: 669 out of 6,310
Total $50 Prizes Remaining: 4,870 out of 43,675
About "$500 Madness" Scratch-Off Game in Illinois
The "$500 Madness" scratch-off game is one of the lottery options available in Illinois. The price of a ticket is $5.
The Expected Value (EV) of a ticket in $500 Madness is -$1.62, which represents the average return based on current prizes remaining.
When this game was first released, the starting odds of winning were 1 in 4.21.
The odds of winning at least $100 in $500 Madness are 1 in 361.64.
As of the last update on 08/18/2025 at 11:08AM EDT, approximately 12.56% of tickets are still in circulation. This means there are still unclaimed prizes waiting to be won in Illinois's $500 Madness scratch-off game.
Prize Chart
| Prize | Total Prizes | Prizes Remaining | Starting Odds | Current Odds | Change in Odds |
|---|---|---|---|---|---|
| $5 | 461,943 | 63,532 | 1 in 10.91 | 1 in 9.97 | 8.68% |
| $10 | 546,010 | 65,885 | 1 in 9.23 | 1 in 9.61 | -4.08% |
| $20 | 83,998 | 9,137 | 1 in 60.02 | 1 in 69.3 | -15.46% |
| $25 | 46,177 | 5,237 | 1 in 109.19 | 1 in 120.92 | -10.74% |
| $50 | 43,675 | 4,870 | 1 in 115.44 | 1 in 130.03 | -12.63% |
| $100 | 6,310 | 669 | 1 in 799.04 | 1 in 946.54 | -18.46% |
| $500 | 9,499 | 1,082 | 1 in 530.79 | 1 in 585.24 | -10.26% |
How Are the Odds Calculated for Illinois Scratch-Off Games?
The odds and statistics for Illinois's scratch-off games are based on official lottery data processed through statistical models. This is to help players understand their chances of winning in Illinois's scratch-off games. Here's how each metric is determined:
- Starting Odds: These are the official odds provided by the Illinois lottery at the scratch-off game's launch. They indicate the probability of winning any prize when all tickets are still in circulation.
- Estimated % Tickets Remaining: If not provided by the state, this is estimated based on the number of claimed prizes relative to the game's original prize structure. For example, if a game started with 1 million scratch-off tickets and half of the top prizes have been claimed, it is estimated that about 50% of the scratch-off tickets have been sold.
- Current Odds to Win $100/$1,000/$10,000 or More: These odds indicate the likelihood of winning higher-tier prizes in Illinois scratch-off games. They are determined by summing the probabilities of all applicable prize amounts using the current odds.
- Current Odds to Win the Grand Prize: This metric shows the probability of winning the game's largest prize, adjusted for the estimated remaining tickets and current odds.
- Expected Value (EV): EV represents the average return of a single scratch-off ticket based on the current prizes remaining. It is calculated by multiplying each prize amount by its probability of winning (prizes remaining ÷ estimated tickets remaining), summing these values, and subtracting the ticket price. A positive EV indicates an expected profit per ticket, while a negative EV indicates an expected loss.
Games, prizes, and odds for Illinois scratch-off games are sourced directly fromThe Official Illinois Lottery website.