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.
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The Iowa Lottery makes every effort to ensure the accuracy of the winning numbers, prize payouts and other information posted on the Iowa Lottery website. The official winning numbers are those selected in the respective drawings and recorded under the observation of an independent accounting firm. In the event of a discrepancy, the official drawing results shall prevail. All names, logos and information contained within these pages are meant for personal use only and may not be reproduced or distributed without the expressed written consent of the Iowa Lottery. You must be at least 21 years old to purchase Iowa Lottery tickets. Please play responsibly. If you or someone you know has a gambling problem, please call 1-800-BETSOFF for help.
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).
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.
^ Jump up to: a b Prizes are uniform in all Mega Millions jurisdictions, with the exception of California (where all prizes, including the jackpot, are pari-mutuel; payouts are based on sales and the number of winners of each prize tier.) All other Mega Millions members' second through ninth prizes are set amounts, although in rare cases they can be reduced.
The New Jersey Lottery, among others, in early 2009 announced it would seek permission to sell Powerball tickets alongside Mega Millions. In October 2009, an agreement between Mega Millions and MUSL allowed all U.S. lotteries, including New Jersey's, to offer both games. On January 31, 2010, Mega Millions expanded to include the 23 MUSL members; as of that date, 35 jurisdictions were participating in Mega Millions. On the same day, 10 existing Mega Millions-participating lotteries began selling Powerball tickets. Ohio joined Powerball on April 16, 2010. On March 1, 2010, Montana became the first MUSL member to add Mega Millions after the cross-sell expansion. Nebraska became the 37th Mega Millions participating member on March 20, 2010, followed by Oregon as the 38th member on March 28, Arizona as the 39th member on April 18, and Maine as 40th Mega Millions participant on May 9, 2010. Colorado and South Dakota added Mega Millions on May 16, 2010, bringing the total to 42 jurisdictions.
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.
Yes! Powerball tickets are available to buy in 47 US states and territories and theLotter’s service makes tickets available worldwide. theLotter local offices buy official US Powerball lottery tickets on your behalf from inside the US, and with theLotter’s See Your Ticket Service, you will see a scan of any and all Powerball tickets you buy in your theLotter account before the relevant draw.
The odds of winning the Mega Millions jackpot are 1 in 302.6 million, making them the highest odds of any other state or multi-state lottery game ever played in the United States. However, this means the jackpot can grow to surpass the billion-dollar mark with relative ease. The overall odds of winning any prize are 1 in 24, which is slightly better than that of Powerball, which are 1 in 24.87.
Generally, Powerball players do not have to choose cash or annuity unless they win a jackpot (then they usually have 60 days to choose.) Exceptions include Florida and Missouri; the 60-day "clock" starts with the drawing, so a jackpot winner who wishes to take the cash option needs to make immediate plans to claim their prize. New Jersey and Texas require the cash/annuity choice to be made when playing; in New Jersey, an annuity ticket can be changed to cash after winning, while in Texas, the choice is binding (when the cash option was introduced in 1997, all Powerball players had to make the choice when playing. This regulation was phased out by 1999.) All Powerball prizes must be claimed within a period ranging from 90 days to a year, depending on where the ticket was bought.
On March 13, 2010, New Jersey became the first Mega Millions participant (just before the cross-sell expansion) to produce a jackpot-winning ticket for Powerball after joining that game. The ticket was worth over $211 million annuity (the cash option was chosen). On May 28, 2010, North Carolina became the first Powerball member (just before the cross-selling expansion) to produce a jackpot-winning Mega Millions ticket after joining Mega Millions, with an annuity jackpot of $12 million.
CONFIDENTIALITY STATEMENT: The information asked for on this form is requested pursuant to Section 222 of the Immigration and Nationality Act. INA Section 222(f) provides that visa issuance and refusal records shall be considered confidential and shall be used only for the formulation, amendment, administration, or enforcement of the immigration, nationality, and other laws of the United States. Certified copies of visa records may be made available to a court which certifies that the information contained in such records is needed in a case pending before the court.
The minimum jackpot prize is a $15 million annuity disbursed in 30 payments over 29 years which is something many people would elect to do.The 30 annuity payments are not equal but based on an increasing rate schedule. For example, the first annual gross annuity payment on the base $15 million jackpot would be approximately $267,000 while the final payment would be approximately $834,000.
The world of the online lottery and buying online lottery tickets is only going to become more streamlined in the future. The interesting event around the corner will be just how State lottery organizers deal with the insurance method and the repercussions of this upcoming legal judgment. In the mean time, you can feel rest and assured that you can play the US Powerball online, you can win the US Powerball online and you will get paid your US Powerball jackpot winnings if you do win.