On June 2, 2010, Ohio won a Powerball jackpot; it became the first lottery selling either Mega Millions or Powerball (when 2010 began) to provide a jackpot-winning ticket for its newer game. The ticket was worth a $261 million annuity; it was sold in Sunbury. Ohio's second Powerball jackpot-winning ticket, sold for the June 23, 2010 drawing, was part of another first; since Montana also provided a jackpot winner for that drawing, it was the first time a jackpot was shared through lotteries which sold competing games before the cross-selling expansion, as Montana sold only Powerball before the expansion date.
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 Mega Millions is an American lottery game which is played in multiple jurisdictions across the country (and indeed, the world), with the first draw taking place in 2002. It also holds the proud title of giving off the third largest recorded lottery win in American history. In March 2012, a $656 million annuity value (cash value $474 million) jackpot was won and split three ways due to three winning tickets.
*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.
Lottery winners can choose to receive the money in either an annuity — annual allotments over 30 years — or to get it all at once in a single payment for a smaller amount. For example, the lump sum on the $502 million jackpot would be $301 million, according to lottery site USAMega.com. If a single winner takes the single payment, the federal tax withholding would be over $75 million. Then, there are state taxes too.
Nowadays there is a plethora of websites to choose from and new companies offer online lottery ticket service every day. Due to the nature of this industry and the fact that newcomers are popping up all over, it is advisable to be diligent and check out the lottery ticket provider carefully before you decide to buy Powerball tickets online with them. This is easily done with a quick google search and an investment of 5 minutes on your part. Trust us, the five minutes is worth it to be sure that when/if you play Powerball online and win, you actually receive your jackpot winnings.