Digit by digit, "pick 3 lottery payout" depends on the play type. Pick 3 and pick 4 are daily number games: a player chooses three or four digits, each from 0 to 9, and a draw picks the winning digits, often twice a day. What is pick 4 lottery play compared with a big jackpot game? A small, fixed prize table instead of a rolling jackpot, much better odds, and a choice of how the digits must match. Everything else follows from that choice.
The pick 3 lottery odds are easy to count. There are a thousand possible results, so a straight play wins one time in a thousand. A box on three different digits covers six orders and wins about one time in a hundred and sixty seven, while a box with a repeated digit covers only three. The pick 3 lottery payout on a straight is typically around half of what fair odds would pay, and pick 4 lottery payout tables keep a similar share.
How does pick 4 lottery work differently? The same way, with a fourth digit. That digit multiplies the number of possible results by ten, so the odds are ten times longer and the payout is larger to match. A pick 4 lottery box pays less than a straight because it covers several orders at once. The exact prize for each play type is printed in the game rules and stays the same draw after draw.
How does pick 3 lottery work on a ticket? The player writes three digits, chooses a play type and a stake, and the prize is fixed in advance for that play type. A straight play wins only if the digits come up in the exact order. A box play wins if the same digits come up in any order. A straight and box play splits the stake between both, and a combo buys every order as straight plays of its own.