^ Jump up to: a b If more than one play wins the jackpot in a given drawing, the prize is divided equally among 5+1 plays. Winners have one year to collect a jackpot share; for other prizes, the deadline also is one year, except in California, where it is 180 days. Other than in and Texas (see below), a jackpot winner has 60 days from either the drawing, or in some jurisdictions, after claiming, to choose cash or annuity. The relative value of actual cash jackpot share fluctuates. Jackpots began at $15 million (disbursed in 30 graduated annual payments if the annuity is chosen); the corresponding cash value fluctuates depending on interest rates.
Other winners in excess of $250 million: On December 25, 2002, Jack Whittaker, president of a construction firm in Putnam County, West Virginia, won $314.9 million ($428 million today), then a new record for a single ticket in an American lottery. Whittaker chose the cash option of $170 million, receiving approximately $83 million after West Virginia and Federal withholdings.
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MUSL officials initially suspected fraud or a reporting error. However, all 110 winners had played numbers from fortune cookies made by Wonton Food Inc. of Long Island City, New York. The factory had printed the numbers "22, 28, 32, 33, 39, 40" on thousands of fortunes. The "40" in the fortune did not match the Powerball number, 42. None of the employees of Wonton Food played those numbers; at the time, the closest game member was Connecticut. Since the ticket holders had won as result of a coincidence rather than foul play, the payouts were made.
Remember, the advertised Mega Millions jackpot is the annuity jackpot, which means it's the amount that you would receive if you were to opt for the money to be paid out over 29 annual payments (plus a one-off initial payment). For example, for an advertised jackpot of $200 million, the initial payment would be approximately $3 million, with future payments growing to as much as $12.4 million per annum. However, almost all jackpot winners take the cash option that is paid in one lump sum that, on average, is 60% of the advertised jackpot.
Through 2008, Powerball drawings usually were held at Screenscape Studios in West Des Moines, Iowa. The drawings' host was longtime Iowa radio personality Mike Pace, who had hosted MUSL drawings since Lotto America began in 1988. In 1996, Powerball went "on the road" for the first time, holding five remote drawings at the Summer Olympics in Atlanta. A few weeks later, Georgia became the only jurisdiction to leave Powerball (Maine, which joined MUSL in 1990, left when Powerball began). In August 1996, Georgia joined the then-new The Big Game, then the other major U.S. lottery group. It planned to sell tickets for both games for the rest of 1996; but within days Georgia was removed from MUSL, not to return until the 2010 cross-sell expansion.
Power Play, when it began in 2001, was drawn with a special wheel. In 2006 and 2007, MUSL replaced one of the 5× spaces on the Power Play wheel with a 10×. During each month-long promotion, MUSL guaranteed that there would be at least one drawing with a 10× multiplier. The promotion returned in 2008; the ball landed in the 10× space twice. After being absent in 2009, the 10× multiplier returned in May 2010 (after the Power Play drawing was changed to RNG.) The promotion was extended for the only time, as the 10× multiplier was not drawn until June 12. The second prize 5× guarantee continued; the 10× applied to all non-jackpot prizes, as in previous promotions.
The Mega Millions jackpot was most recently won in the draw on 24 July 2018 when after 22 rollovers, a single ticket purchased in San Jose, California won a jackpot worth $543 million ($320.5 million cash), the 3rd largest Mega Millions jackpot ever! Roland Reyes claimed this incredible jackpot prize on behalf of a group of 11 co-workers from the financial industry. Each of the winners contributed just $2 to the joint ticket, which was purchased with a Quick Pick random number selection. The members of the office pool said they planned to continue working despite the enormous prize money they won.
The two different methods, both offer you, the player, the same user experience and the only difference is in the back end of how the online lottery ticket provider works. The two methods that online lottery sites use differ in one key way; They either have agents and employees all over the world that physically purchase tickets on behalf of clients or, the more recent phenomenon is when companies essentially take out an insurance policy on every ticket which is tied to the size of the jackpot. This is the difference between you playing the lottery online and betting on the lottery online*. In the latter option you are, de facto, not playing the US Powerball online but rather you are placing a bet with an insurance company on the outcome of the corresponding Powerball draw.