What can you buy with the 600 million TL Milli Piyango grand prize?
The 600 million TL grand prize for the 2025 Milli Piyango allows for the purchase of 194 thousand 130 grams of gold or 177 houses. However, there has been a significant erosion in purchasing power since 2014, and the value of the grand prize has dropped significantly, especially when compared to the minimum wage.
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The National Lottery's grand prize has been announced as 600 million TL this year.
As we entered 2014, the grand prize was 50 million liras.
HOW MANY MINIMUM WAGES DOES IT EQUAL?
Şeyda Uyanık from the Ekonomim newspaper calculated how the purchasing power of the grand prize has decreased over 10 years. According to the report,
The grand prize, which was 50 million TL in 2014, was equivalent to 59,102 minimum wages paid at 846 TL.
Entering 2024, the grand prize, which was 400 million TL, fell to 23,526 minimum wages paid at 17,002 TL. In terms of minimum wage, the grand prize has fallen by 60 percent.
HOW MUCH GOLD CAN YOU BUY?
According to Central Bank data, in 2014, 557,911 grams of gold could be purchased with the 50 million TL New Year's grand prize, when the price was 89.62 TL.
If this gold had been kept until today, its current value would be 1 trillion 724 billion 346 million 686 thousand TL.
With the 600 million TL grand prize determined for 2025, 194,130 grams of gold can be purchased at current prices. The erosion in the amount of gold from 2014 to 2025 is 65 percent.
HOW MANY DOLLARS IS THE GRAND PRIZE WORTH?
In 2014, on the first business day of the year, the dollar-based New Year's prize, calculated using the CBRT indicative exchange rate for dollar/TL sales, was worth 22 million 981 thousand 110 dollars.
Today, the prize, which would be equivalent to over 31 million dollars when adjusted for dollar inflation, fell to 17 million 341 thousand 40 dollars with 600 million TL as we enter 2025.
The grand prize, which increased by 1,100 percent in TL terms, lost 25 percent of its value in dollar terms.
HOW MANY HOUSES CAN YOU BUY?
According to the Central Bank's Housing Unit Price data at the end of the first quarter, based on the price of an average 100-square-meter house, 318 houses could be purchased with the 50 million TL grand prize as we entered 2014.
In 2024, the number of houses, which returned to 3 digits, became 131.
According to the third quarter data of 2024, 177 houses can be purchased with the 2025 grand prize of 600 million TL.
