And of course, if non-US residents are eligible to buy the tickets, they are also eligible to claim the prize money should they win. However, be aware that the rules covering taxes and withholding vary depending on where you live. Countries outside of the United States might have different procedures. If you do win, be sure to consult with a tax professional for more information.
Note: As indicated in the instructions, for the purposes of eligibility some countries include components and dependent areas overseas. If you are a native of a dependency or overseas territory, please select the appropriate country of eligibility. For example, natives of Macau S.A.R should select Portugal, and natives of Martinique should select France.
The average chief executive of an S&P 500 company made $13.1 million per year in 2016 — equivalent to 347 times more money than the average worker, according to separate data released by Executive Pay Watch, a report conducted by the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO). “When adjusted for inflation, the average wage has remained stagnant for 50 years,” it found. Given this growing gap between the rich and poor in the U.S. the almost impossible odds of winning, Bernal describes $10, $30 and $50 scratch cards and lottery tickets a “Hail Mary investment strategy for the poor.”
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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The advertised Jackpot Prize is paid as an annuity of 30 payments over 29 years or, at the election of the winner, in a single lump sum payment of the cash value of the annuity prize (prize subject to State and Federal taxes). If the winner chooses the annuity, the annual payments will be increased each year by a percentage set out in the Lotto America Group Rules. Annuity payments are paid pursuant to Lotto America Group Rules and New Mexico State Law.
Ohio and New York joined The Big Game consortium on May 15, 2002, when the game was renamed The Big Game Mega Millions, temporarily retaining the old name and the original "gold ball" logo. The "Big Money Ball" became the "Mega Ball." While the game's name was altered, the yellow ball in the new Mega Millions logo continued to read "The Big Game" until February 2003, after which it was replaced with six stars representing the original members of the consortium. The first (The Big Game) Mega Millions drawing was held two days later, on May 17. The Mega Millions trademark is owned by the Illinois Lottery. The first three lotteries to join Mega Millions were Washington (in September 2002), Texas (in 2003) and California (in 2005); California was the last addition to Mega Millions before the cross-sell expansion of 2010. Montana joined Mega Millions on March 1, 2010, the first addition to Mega Millions after the cross-sell expansion.
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• 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%.)
Another study looked at winners. In 2015, the Maine Department of Health and Human Services analyzed data from the Bureau of Alcohol and Beverage and Lottery Operations on individuals who won money in the state lottery. Some 4,865 winning tickets of $1,000 or more were cashed in by 3,685 individuals receiving state benefits over the previous five years, reaching $22 million in lottery jackpots of various sizes. So — unless they were an unusually lucky group of people — they likely spent far more than any other group on tickets.
The advantages to group game tickets is that is a good way to maximize your exposure (you have a little bit of a lot of tickets) without spending fortunes of multiple tickets. Due to the US Powerball having a minimum jackpot of $40m, group game tickets are always an attractive option as even with only a 2.5% share of the syndicate, you will still win $1m! As the jackpots grow, the Syndicate option becomes more and more appealing. The mantra of the group game player is “it’s better to have a little bit of something than a big bit of nothing.”