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.
When it was launched in 1992 Powerball became the first game to use two drums. Using two drums to draw numbers from offers more manipulation by simultaneously allowing high jackpot odds, numerous prize levels and low overall odds of winning (as explained later, a ticket can win by matching only one number). The two-drum concept was suggested by Steve Caputo of the Oregon Lottery. The two-drum concept has since been used by The Big Game (now Mega Millions) in the US, Australia's Powerball, Thunderball in the UK, Eurojackpot and EuroMillions (unlike most two-drum games, Euromillions selects two numbers called "Lucky Stars" from the 2nd drum; jackpot winners must make a total of seven matches).
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When you play Mega Millions online and match all five main numbers plus the Mega Ball, and you will be entitled to your share of a multi-million dollar jackpot. Mega Millions’ starting jackpot is $40,000,000. Its personal best was also a world record for four years; it awarded a $656 million jackpot in March 2012. One third of this huge prize was won by the 'Three Amigos', three members of what is possibly the most famous winning lottery syndicate.
Winning the jackpot requires matching all five numbers, plus the Powerball. Players who match five numbers win $1 million; players who match four numbers plus the Powerball win $50,000; players who match four numbers win $100; players who match three numbers plus the Powerball win $100; players who match three numbers win $7; players who match two numbers plus the Powerball win $7; players who match one number plus the Powerball win $4; and players who match only the Powerball win $4.
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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.
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.
Mega Millions (which began as The Big Game in 1996 and renamed, temporarily, to The Big Game Mega Millions six years later) is an American multi-jurisdictional lottery game; it is offered in 44 states, the District of Columbia, and the U.S. Virgin Islands. The first (The Big Game) Mega Millions drawing was in 2002; see below. (What is now Mega Millions initially was offered in six states; the logo for all versions of the game following the retiring of The Big Game name featured a gold-colored ball with six stars to represent the game's initial membership.)
The conditions for Florida joining Powerball included a move of the live drawings from Iowa to Universal Studios in Orlando. The three hosts rotating announcing duties from Universal Studios were Tracy Wiu, Elizabeth Hart and Scott Adams (MUSL headquarters remained in Iowa, where its other draws are held). The wheel that was used to determine the Power Play multiplier was retired when the drawings moved to Florida; a random number generator (RNG) was used until the 2012 format change.
Lotto America players are required to pick five main numbers from a range of 52, plus one Star Ball from a separate pool of 1 to 10. Alternatively, players can select the Quick Pick option to have Lotto America numbers randomly selected for them. Tickets costs $1 per line, but for an additional $1 players can also select an All Star Bonus option to have any non-jackpot prize multiplied - much like the Powerplay option in Powerball.
Since the secondary prizes are defined in fixed amounts (except in California), if the liability for a given prize level exceed the funds in the prize pool for that level the amount of the prize may be reduced and the prize pool be distributed on a parimutuel basis and result in a prize lower than the fixed amounts given in the prize tables. Because the secondary prize pools are calculated independently, it is possible lower-tier prizes will differ among the game members.
America's two biggest lottery games, Mega Millions and Powerball, have combined jackpots of nearly $900 million in drawings this week. The jackpot in the next Powerball drawing, to be held Wednesday, Jan. 3, is an estimated $460 million. The next Mega Millions drawing, where the jackpot is an estimated $418 million, takes place Friday, Jan. 5. A surge in ticket sales could boost both jackpots.
EuroMillions currently has a minimum jackpot of approximately €15 million and a maximum jackpot capped at €190 million, making EuroMillions by far the largest lottery prize in Europe. EuroMillions also has annual Superdraws several times a year, automatically boosting the jackpot to €100 million. To read more about these special jackpots, and for news on upcoming draws, see our EuroMillions Superdraw page!
Americans in the lowest fifth socioeconomic status group had the highest rate of lottery gambling (61%) and the highest mean level of days gambled in the past year (more than 26 days), the 2011 Journal of Gambling Studies research found. There were very few observed differences in lottery gambling for those in the three upper socioeconomic status groups — approximately 43% gambled on the lottery and the three upper groups averaged about 10 days of gambling on the lottery in the previous year of the study, a trend that was found in other countries with lotteries.
Powerball winnings in California and Pennsylvania are subject to Federal income tax only. There is no state income tax in Florida, South Dakota, Texas, Washington and Wyoming, and only on interest and dividends in Tennessee and New Hampshire. Winnings from tickets purchased outside of one's home state may be subject to the income tax laws of both states (with possible credit based on the two jurisdictions.)
The American Powerball originally started life way back in 1988 and was known as "Lotto America". In 1992 this became the Powerball lottery, with the first official Powerball draw being held on April 19th, 1992. The game has grown and evolved over the years with new States joining (now totalling 44 States) and various changes being applied to the ball and prize structure. These include a change in the annuity prize payments from 20 yearly payments to 30, and the addition of a cash option for the jackpot. In addition, players are now able to purchase their Powerball lotto tickets online.
The US Powerball lottery features nine prize divisions; players need five winning numbers from a drum of 1-69 and the Powerball to win the jackpot prize. The Powerball is an additional number, chosen from a separate drum of 1-26. Matching the Powerball will also give you access to the 3rd, 5th, 7th, 8th, and 9th prize categories, which means that even if you match only the Powerball number, you still get a prize. Even without a Powerball match, correctly guessing five main numbers would net you a $1 million prize, or $2 million if you use the Power Play! The Power Play is offered by the US Powerball for an additional cost and multiplies the seven bottom prize divisions by 2 to 10 times! Check more lottery results online with theLotter!
During the middle of its four-year run, LA became a more traditional pick-6-of-54 game; unlike the first version, players got two games for $1. The jackpot odds actually became more "favorable" at 1 in 13 million per dollar; however, overall odds were much tougher, since four numbers were still needed to win the lowest prize tier. This version was entirely parimutuel.
Mega Millions is notorious for paying out enormous sums to its winners, including 10 jackpots of more than $300,000,000 since it started. It’s simple to play – pick five different numbers, ranging from 1 to 70, then your Mega Ball (any number from 1-25). Like every other lottery, your win will depend on how many numbers match up with the numbers drawn.
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.
Despite the uneasiness of many to begin with, I know of no disputes or complaints from people who have bought Powerball tickets online via the insurance model, won and not been paid. As you can imagine, this scenario would effectively close down their website as they rely solely on the trust factor. The insurance model means that you will not be buying “official” tickets, but what do you care if you get paid your millions at the end of the day!