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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.
Lottoland is a bookmaker, and not a lottery operator. You cannot purchase entries in any lottery via Lottoland. Lottoland allows you to bet on the outcome of lotteries from around the world. The website is operated by Lottoland. Lottoland has no relationship or affiliation with the operators of the lotteries. Bets do not contribute to the prize pool. Payouts are made in AUD, exchange rates apply.
In Georgia, New Jersey, and Texas, players must choose, in advance, whether they wish to collect a jackpot prize in cash or annuity. Georgia and New Jersey winners can change an annuity ticket to cash should they be eligible for a jackpot share; however, the choice is binding in Texas. The other Mega Millions members allow the cash/annuity choice to be made after winning (usually 60 days after claiming the ticket), although in Florida the 60-day "clock" starts with the drawing in which the jackpot prize was won.
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!
On January 13th, 2016 the American multi-state lottery Powerball set the world-record for the biggest jackpot of all time at USD$1.6 billion when it was won by John and Lisa Robinson of Tennessee, Maureen Smith and David Kaltschmidt of Florida and Marvin and Mae Acosta of California. It was the first time in history a prize had topped the billion dollar mark!
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!
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.”