Russians Gosloto lotteries are a new tradition that has gained in popularity promising to make “dreams come true”. The odds of winning a prize are some of the best odds of any lotteries making the Gosloto 7/49 a weekly practice for millions of players. Russia Gosloto 7/49 History The Gosloto Russian Lottery series was created after the Russian Government passed a new law in 2003 creating a national lottery. Two years after this law was passed, the first Gosloto 7/49 was drawn on September 10th, 2005. The Gosloto series is overseen by Orglot Ltd. in association with the Russian Government. Both the Gosloto 7/49 and the Gosloto 6/45 have become traditions in Russia and players all over the world play online. The Gosloto 7/49 provides 15% of all proceeds from the lottery to the Sport and Physical Culture Development organization which develops sports and recreational facilities and various other programs nationwide. Until today there have been over 255 public facilities created thanks to the Gosloto 7/49. How it Works The Gosloto 7/49 is very straightforward. Players select seven numbers from a range of one to forty-nine. The lottery is drawn every Sunday at 4:00pm GMT. Players wanting in on the action must select seven numbers or have the automated number generator select for them. How to Win There are a total of five prize categories in the Gosloto 7/49. Players matching seven numbers will win the jackpot but there are winning combinations for matching six, five, four and three numbers too. This makes the odds of winning an amazing 1:22. There is no rollover cap so the jackpot can reach huge paydays. As with all Gosloto lotteries, winnings are subject to a 13% tax.