When a player wins the Lotto America jackpot, the winner may choose to receive the prize in annuity payments or may elect to take a lump-sum payment. A player has 60 days from the date they claim their prize to choose the "cash" option or the "annuity" option. If the player selects the "cash" option, the prize will be a single cash payment equal to the amount available to the lottery for the jackpot prize pool. The "cash" prize is estimated to be approximately one-half of the estimated jackpot, depending on current interest rates. If the player chooses an annuity, it will be paid in 30 payments over 29 years, and the annual payment will be increased by a rate as determined by lottery officials. If the cost to purchase the annuity is less than \$250,000, the lottery may elect to pay the prize as "cash."
Lottery jackpots are overwhelming played by low-income Americans, studies show. In fact, the lottery jackpot only becomes “progressive” — meaning that high earners spend more on tickets than more than low earners — when the jackpot is at least \$806 million or more, according to this study by Emily Oster, currently a professor of economics at Brown University.

### The October 28, 2017 Mega Millions' format change resulted in the game's first price increase: plays are \$2 each (\$3 with the Megaplier; up from \$1 and \$2 respectively); as part of the format change, the "Just the Jackpot" option was introduced to seven of the game's members. The new option is two plays for \$3; only the jackpot can be won (or shared) on this wager.[3][4][5]

```In January 2012, Mega Millions' rival Powerball was altered; among the changes were a price increase of \$1 for each play, as a result, a base game costs \$2, or \$3 with the Power Play option. At the time, there were no plans to change the price of a Mega Millions play, with or without the Megaplier (see below for the 2017 format change that includes the base price for a Mega Millions play to be raised to \$2.) The price increase for playing Powerball was a major factor in Louisiana deciding to pursue joining Mega Millions, as that state's lottery joined Mega Millions on November 16, 2011.
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In California, prize levels are paid on a parimutuel basis, rather than the fixed lower-tier amounts for winners in other Mega Millions jurisdictions. California's eight lower-tier Mega Millions prize pools are separate from those shared by the other 45 lotteries. California's second prize is a "secondary jackpot"; its payout sometimes exceeds \$1 million cash, even though California does not offer the Megaplier.[33]
Georgia, Illinois, Kentucky and Michigan currently have official websites that sell entries to residents and funnel revenue to the state. The one caveat with these: You must have a valid address in the state you’re purchasing from, and you must be physically present there when you click to purchase. Lying about your location is a crime punishable by fines and jail time.
Powerball pays out the largest lottery jackpots in the world. Simple as. The biggest of the bunch arrived in Jan 2016, when three ticket-holders shared a prize fund worth \$ 1.58 Billion. For your chance to win a world-beating lotto prize, pick 5 from 69 plus the Powerball and bet on one of our Thursday or Sunday night draws. Highest ever jackpot: \$ 1.586 Billion
##### Players who match five numbers from the first pool win \$1 million; those matching four numbers from the first pool and the Gold Mega Ball number win \$10,000; those matching four numbers from the first pool win \$500; those matching three numbers from the first pool and the Gold Mega Ball win \$200; those matching two numbers plus the Gold Mega Ball win \$10; those matching one number and the Gold Mega Ball win \$4; and those matching only the Gold Mega Ball win \$2.

You do not have to be a U.S. citizen or U.S. resident to play Powerball®. Players from jurisdictions where Powerball tickets are not sold, either in the United States or outside the country, can purchase Powerball tickets from a retailer licensed or authorized by the selling jurisdiction, if they meet the legal age requirement in the jurisdiction of purchase. Federal and jurisdictional income taxes may apply to any claimed prize money.
Jump up ^ "Powerball - Contact". Multi-State Lottery Association. Archived from the original on August 6, 2015. Retrieved August 2, 2015. Sure, the odds of matching 1 red ball out of 35 are 1 in 35, but we are not giving the odds for matching a red ball. We give the odds for winning a prize for matching one red ball ALONE. If you match the red ball plus at least one white ball, you win some other prize, but not this prize. The odds of matching one red ball ALONE are harder than 1 in 35 because there is some risk that you will also match one or more white ball numbers - and then win a different prize.