Application of Stochastic Process to Lottery in Nigeria

Odukoya Elijah Ayooluwa, Olayinka Korede. Peter, Ajewole Kehinde Peter and Akinyele Thomas Wale
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Odukoya Elijah Ayooluwa: Department of Statistics, Faculty of Science, Ekiti State University, Ado-Ekiti, Ekiti State, Nigeria
Olayinka Korede. Peter: Department of Statistics, Federal Polytechnic Ado-Ekiti, Ekiti State, Nigeria
Ajewole Kehinde Peter: Department of Physical Sciences, Mathematics Programme, Landmark University, Omu-Aran, Nigeria
Akinyele Thomas Wale: Department of Statistics, Faculty of Science, Ekiti State University, Ado-Ekiti, Ekiti State, Nigeria

International Journal of Latest Technology in Engineering, Management & Applied Science, 2025, vol. 14, issue 5, 829-837

Abstract: Lottery is one of the most popular forms of gambling which offers gamblers opportunity to win large cash prize for a relatively low cost. Research on lottery gambling could examine the effect of mediators in the relationships between independent variables and gambling behaviour. We consider the case of premier lotto and selected six (6) different players at random over a number of years. The methods used in these researches are Markov Chain and Stationarity of the state process. For every player in the system, we obtain the long run probability or likelihood of winning if every player continues playing indefinitely. We obtain the inter state transition probabilities indicating the transition of each player from one year to other.

Date: 2025
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