*The 45 lotteries offering the new game are: the Arizona Lottery, Arkansans Lottery, Colorado Lottery, Connecticut Lottery Corporation, D.C. Lottery (District of Columbia), Delaware Lottery, Florida Lottery, Georgia Lottery, Idaho Lottery, Hoosier Lottery (Indiana), Iowa Lottery, Illinois Lottery, Kansas Lottery, Kentucky Lottery Corporation, Louisiana Lottery Corporation, Maine Lottery, Maryland Lottery, Minnesota State Lottery, Missouri Lottery, Montana Lottery, Michigan Lottery, Nebraska Lottery, New Hampshire Lottery Commission, New Jersey Lottery, New Mexico Lottery, New York Lottery, North Carolina Education Lottery, North Dakota Lottery, Ohio Lottery, Oklahoma Lottery, Oregon Lottery, Pennsylvania Lottery, Rhode Island Lottery, South Carolina Education Lottery, South Dakota Lottery, Tennessee Education Lottery, Texas Lottery, Virgin Islands Lottery, Vermont Lottery, Virginia Lottery, Wisconsin Lottery, West Virginia Lottery, Washington Lottery, California Lottery.
It is still pretty tough to win the Jackpot, which is one of the reasons it is known as one of the biggest jackpot games in the world today – the odds of claiming a single-ticket win of both the five numbers plus the red Powerball, currently stand at about 1 in 24.87. The game definitely has the ability to make you fabulously wealthy beyond your wildest dreams or imagination. The Powerball lottery has the honour of having the highest jackpot prize in the world ever won by a single ticket - it is also the lottery that has paid out the highest jackpot to just one person. The biggest jackpot ever won on the US Powerball was a staggering $590.5 million, won by one lucky ticket holder in May 2013. The second-biggest jackpot snatched up, was an amazing $580 million which was won by two ticket holders in November 2012.
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*a tip to know whether the website you are looking at actually buys lottery tickets online or follows the insurance model is to check the wording that they use. If you see the words “Play” then you can be confident it is a company that has agents and buys your tickets physically, if you see the words “Bet” you can be sure it is following the insurance model and you are placing a bet on the outcome of a lottery.
For that reason, Brent Kramer, a research associate at the Fiscal Policy Institute, a nonprofit research and policy organization, and others call lotteries a “regressive tax” by offering the poor a rich fantasy. “If the promised return is by far illusory — and it is — it would be hard to argue that those purchases do not constitute a tax on those who believe the state’s hype,” Kramer wrote in a 2010 paper. In the event that someone did win the latest $700 million Powerball lottery, Bernal says it will be “the single biggest redistribution of wealth” since, well, the January 2016 Powerball.
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.
If you’ve set a monthly budget for lotto tickets, you’ll better your personal odds of winning a prize if you spend your monthly ticket budget on one draw, as opposed to spreading that same amount of money over the entire month of draws. For instance, if your monthly lotto budget is $20.00, rather than buy $5.00 worth of lotto tickets each week, your odds of winning any prize will increase dramatically by spending the entire $20.00 on a single draw.
PlayEuroLotto.com is licensed in the UK and in Curacao to provide lottery betting services. We uphold stringent data protection and security processes, we secure your prize money with industry-leading insurance cover, and we carry out thorough identity checks to prevent access by underage players and criminals. Everything we do is designed to safely deliver your fair chance of a life-changing win.<
Other winners in excess of $250 million: On December 25, 2002, Jack Whittaker, president of a construction firm in Putnam County, West Virginia, won $314.9 million ($428 million today), then a new record for a single ticket in an American lottery. Whittaker chose the cash option of $170 million, receiving approximately $83 million after West Virginia and Federal withholdings.
• Even the one-time cash option, about $308 million, won't go entirely in your pocket. It is subject to federal, state and local taxes, these days a little less than half taken out — state and local tax rates vary — long before you can think of moving Bermuda or a similar tax haven. (The new tax law that went into effect this year does make the federal tax rate less, falling to 37% from the previous 39.6%.)
The largest Mega Millions jackpot, advertised as $640 million at the time of the drawing (annuitized) or $462 million (cash value), was drawn on March 30, 2012. The initial estimate for that drawing (following the March 27 drawing, which was $363 million annuity) was $476 million (later increased to $500 million and again to $540 million); brisk ticket sales pushed the jackpot values, both annuitized (to $656 million) and the cash option ($474 million) higher. The amount spent on Mega Millions for drawings following its previous jackpot win, on January 24, 2012, was at least $1.5 billion. three jackpot-winning tickets had been confirmed (Illinois, Kansas, and Maryland).
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.
The annuity factor, or the cost to fund an annuity prize, is another key component. The annuity factor is made up of interest rates for securities purchased to fund prize payments. The higher the interest rates, the higher the advertised Grand Prize. You might not realize that an economic reality like interest rates impact even the Powerball jackpot, but they do!
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.
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.
Two identical machines are used for each drawing, randomly selected from four sets. The model of machine used is the Halogen, manufactured by Smartplay International of Edgewater Park, New Jersey. There are eight ball sets (four of each color); one set of each color is randomly selected before a drawing. The balls are mixed by a turntable at the bottom of the machine that propels the balls around the chamber. When the machine selects a ball, the turntable slows to catch it, sends it up the shaft, and then down the rail to the display.
^ Jump up to: a b If more than one play wins the jackpot in a given drawing, the prize is divided equally among 5+1 plays. Winners have one year to collect a jackpot share; for other prizes, the deadline also is one year, except in California, where it is 180 days. Other than in and Texas (see below), a jackpot winner has 60 days from either the drawing, or in some jurisdictions, after claiming, to choose cash or annuity. The relative value of actual cash jackpot share fluctuates. Jackpots began at $15 million (disbursed in 30 graduated annual payments if the annuity is chosen); the corresponding cash value fluctuates depending on interest rates.
Lotto America was the first lottery game offered by MUSL. In 1987, six states and the District of Columbia banded together, since, on their own, they could not create jackpots into the tens of millions of dollars that had become commonplace in the most popular single-state lottery games. MUSL's first game was called "Lotto America" even though only those seven jurisdictions took part. The first Lotto America drawing was in 1988.
Once your lottery ticket is purchased, scanned and uploaded to your account, you own the ticket and the rights of the ticket – legally speaking what the agent has after scanning in your ticket is just a piece a paper. (This is why you should never trust a website that claims it is legitimate and does not following the insurance model but does not scan the tickets and send them to you – red flag).