The invention discloses a multi-component alloy casting ball which comprises the following main chemical components in percentage by weight: 1.8-3.2% of carbon (C), 0.5-1.0% of silicon (Si), 0.4-0.8% of manganese (Mn), 2.0-3.8% of chromium (Cr), no more than 0.5% of molybdenum (Mo), no more than 0.5% of copper (Cu), no more than 0.5% of nickel (Ni), no more than 0.2% of niobium (Nb), no more than 0.5% of zirconium (Zr), no more than 0.5% of vanadium (V), no more than 0.01% of boron (B), no more than 0.15% of phosphorus (P), no more than 0.15% of sulfur (S), 0.5-0.6% of rare earth yttrium (Y-Re) and the balance of iron (Fe). According to the invention, the cost is saved, the corrosion resistance and high temperature resistance of the multi-component alloy casting ball in a wet grinding environment can be improved, the breakage rate can be reduced, and the hardness and shock resistance of the multi-component alloy casting ball in a dry grinding environment can be ensured.