On January 13, 2016, the world's largest lottery jackpot, an annuity of approximately $1.586 billion, was split among three Powerball tickets in Chino Hills, California, Melbourne Beach, Florida and Munford, Tennessee, each worth $528.8 million. Since there is no income tax in Florida or Tennessee (and California does not tax lottery winnings), the cash option after Federal withholdings is $187.2 million each.
Jackpot winners have the choice of receiving their prize either in one single lump sum payment, or once a year with the annuity option (30 payments over 29 years). They have 60 days to decide which way they want to be paid. During these 60 days, a player who originally opted for the annuity payment is able to instead take the lump sum payment option. If they do not make a choice either way, after 60 days, the player will automatically receive their prize as an annuity.
Step 9: On the online play slip, choose the draw day you want to enter your numbers for, how many weeks the numbers will be put into the drawer. Then click into each number box and enter your numbers. If you want to choose lucky dip numbers, click on the Lucky Dip button and numbers will be automatically entered into the boxes, but until you complete the transaction you will only see 'LD' in the boxes.
Meanwhile, American economic growth has been a double-edged sword for many Americans.In 1980, the U.S. and Western Europe had similar levels of inequality. And today? Not so much. While the top 1% of earners made up just 10% in both regions in 1980, it increased slightly to 12% in 2016 in Western Europe, but doubled to 20% in the U.S., according to a report released last month by the World Inequality Lab, a research project in over 70 countries based at the Paris School of Economics, and co-authored by the French economist Thomas Piketty.
Powerball offers an optional multiplier known as the Power Play, which multiplies the seven bottom prize divisions by 2, 3, 4, 5 or 10 times, depending on the draw and jackpot size. Matching five main numbers and the Power Play still makes you a multi-millionaire by doubling Powerball’s second place prize to a staggering $2,000,000! To add the multiplier, simply check the Power Play box when you buy your Powerball tickets online.
On March 13, 2010, New Jersey became the first Mega Millions participant (just before the cross-sell expansion) to produce a jackpot-winning ticket for Powerball after joining that game. The ticket was worth over $211 million annuity (the cash option was chosen). On May 28, 2010, North Carolina became the first Powerball member (just before the cross-selling expansion) to produce a jackpot-winning Mega Millions ticket after joining Mega Millions, with an annuity jackpot of $12 million.
The US Powerball is a standard lottery draw game based and operated from the golden State of California. The US Powerball has been making millionaires and multi-millionaires since its first drawing way back in 1992. With over 25 years of experience in the lottery industry, the Powerball, along with many other State lotteries, has broken through the final glass ceiling and transformed itself from an interstate lottery into a truly international lottery of global reach.