Established in 1996, Lottery USA is one of the oldest lottery number results sites on the web. For the past fifteen years we have provided up-to-the-minute lottery results to millions and millions of visitors. Our lottery results are also archived, so if you miss a draw or simply want to check if your numbers were ever winning numbers you can. Plus, we cover all major US lotteries, including Mega Millions, Powerball, New York Lottery, CA Lottery and Hot Lotto.

Play Powerball online by selecting five main numbers from 1-69 and a single Power Ball additional number from a guess range of 1-26. US Powerball winning numbers are selected each Wednesday and Saturday at 23:00 EST*, and your official Powerball lottery ticket could make you the lottery world’s next dollar multi-millionaire! When you buy lottery tickets online with theLotter, you will see a scanned copy in your private theLotter account before every draw. Select your numbers for the next Powerball draw with quick pick, manual selection, or your saved lucky numbers! Learn more about how we purchase official lottery tickets here.
10:40 am – N.J. family that won $429 million lottery jackpot is 'praying' it forward.  When Pearlie Mae Smith and her seven adult children won a $429.6 million Powerball jackpot in 2016, they promised to give 10 percent of their winnings — the largest jackpot ever won in New Jersey — to their church and to help others. It was a promise kept to the fullest.
To play Lotto America, pick five main numbers between 1 and 52 and one Star Ball from a separate pool of 1 to 10. You can choose your own numbers or ask for a Quick Pick. It costs $1 per line to play, while you can also add the All Star Bonus to your ticket for a small additional fee for the chance to increase any non-jackpot prize. Find out more about how to play Lotto America, and then just pick up a playslip from any participating retailer to take part.
The lottery never paid out, and it brought to light the prevalent issue of crookedness amongst the lotteries in the United States. The wave of anti-lottery protests finally broke through when, by 1860, all states had prohibited lotteries except Delaware, Missouri, and Kentucky. The scarcity of lotteries in the United States meant that tickets were shipped across the country and eventually led to the creation of illegal lotteries. In 1868, after years of illegal operation, the Louisiana Lottery Company obtained a 25-year charter for its state lottery system. The charter was passed by the Legislature due to immense bribing from a criminal syndicate in New York. The Louisiana Lottery Company was a derived 90% of its revenue from tickets sold across state borders. These continued issues of corruption led to the complete prohibition of lotteries in the United States by 1895. It was discovered that the promoters of the Louisiana Lottery Company had accrued immense sums of money from illegitimate sources and that the Legislature was riddled with bribery.

Powerball® tickets print the white ball numbers in numerical order of a given play. You can match the white ball numbers in any order of a given play to win a prize. The red Powerball number of a given play on your ticket must match the red Powerball drawn. Each play on a ticket is separately determined; players cannot crisscross play lines on a ticket or combine numbers from other tickets. 
I am truly grateful to the team at USAGCL for all their help and assistance in guiding me through the process of my green card lottery entry. I work in the film industry in Australia and it's always been a dream to move to LA and work in Hollywood. Thanks to USAGCL my dream is not far from fruition. I entered the lottery in 2013 and I won in my first year! I couldn't believe it, especially as I had heard so many stories of people failing again and again year in and year out. When I had trouble filling out my application a consultant called me from their offices in the States and walked me through the whole process. He provided me with all the information I needed and his contact details for any further enquiries. He really went above and beyond to make it clear and easy for me. So Tinseltown here I come!
Some retailers that sit on state lines often offer both state lotteries with state boundaries clearly marked, since such sales still have to occur in the physical state it is offered. One retailer located along U.S. Route 62that is largely in Sharon, Pennsylvania but has a small portion lying inMasury, Ohio sells both the Ohio Lottery and the Pennsylvania Lotteryat one location. The first modern US joint-state lottery game was formed in 1985 inMaine, New Hampshire, and Vermont. In 1988, the Multi-State Lottery Association (MUSL) was formed with Iowa, Kansas, Missouri, Oregon,Rhode Island, West Virginia, and the District of Columbia as its charter members; it is best known for Powerball, which was designed to create large jackpots. Another joint lottery, The Big Game (now called Mega Millions), was formed in 1996 by six other lotteries as its charter members.
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.

Like the other big American lottery, USA Powerball, Mega Millions started life under a different name. Originally the lottery was known as The Big Game when it launched in 1996 with tickets going on sale in a handful of US States, including Georgia, Maryland and Virginia. In the early days of The Big Game draws were only held once a week on Fridays.


1:09 am – Mega Millions: There were no jackpot winners and no $1,000,000 winners in the Tuesday, October 2, 2018 Mega Millions drawing.  For the complete rundown of winners in each of the other prize categories, a list of the California pari-mutuel prize amounts, the drawing video, and all other data about this drawing, see the Mega Millions Drawing Detail page.


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.
The conditions for Florida joining Powerball included a move of the live drawings from Iowa to Universal Studios in Orlando. The three hosts rotating announcing duties from Universal Studios were Tracy Wiu, Elizabeth Hart and Scott Adams (MUSL headquarters remained in Iowa, where its other draws are held). The wheel that was used to determine the Power Play multiplier was retired when the drawings moved to Florida; a random number generator (RNG) was used until the 2012 format change.
In addition, many people can wait years to get their Green Card. Right now, the shortest wait is about two years. Some people even have to wait twelve years. The Green Card Lottery is a way to skip ahead and avoid that wait. If you qualify, it means the U.S. government needs you in America to help diversify the population. And if you win, you could get your Green Card in a little over a year. Check your eligibility for free by clicking the button below and apply today.
Some retailers that sit on state lines often offer both state lotteries with state boundaries clearly marked, since such sales still have to occur in the physical state it is offered. One retailer located along U.S. Route 62that is largely in Sharon, Pennsylvania but has a small portion lying inMasury, Ohio sells both the Ohio Lottery and the Pennsylvania Lotteryat one location. The first modern US joint-state lottery game was formed in 1985 inMaine, New Hampshire, and Vermont. In 1988, the Multi-State Lottery Association (MUSL) was formed with Iowa, Kansas, Missouri, Oregon,Rhode Island, West Virginia, and the District of Columbia as its charter members; it is best known for Powerball, which was designed to create large jackpots. Another joint lottery, The Big Game (now called Mega Millions), was formed in 1996 by six other lotteries as its charter members.
The largest jackpot in Mega Millions history was $656 million annuity value (with a cash option of $474 million) for the March 30, 2012 drawing, in which there were three jackpot-winning tickets; one each in Illinois, Kansas, and Maryland. All three tickets had been claimed by April 18, with each set of winners choosing the cash option of $158 million.[6]
If you’re not using an official state lottery website, the retailer may not be licensed and therefore could have no connection to the state lottery programs. Last year, during the record-breaking $1.6 billion Powerball jackpot, Holyfield says Michigan’s lottery office fielded several calls from consumers who purchased tickets online, only to have the vendor shut down without notice.
Changes to the Mega Millions game matrix were introduced, meaning the jackpots will likely get bigger more often, and players have a better chance of winning the second-tier prize of $1 million (without the Megaplier). Certain states can now take advantage of the Just the Jackpot feature, which allows players to buy a ticket ($3 for two lines) that gives them a chance of winning the jackpot if they match 5 + 1, but no prizes if they match anything less than that.
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.
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.[40] Since the ticket holders had won as result of a coincidence rather than foul play, the payouts were made.[41]
These lottery results are for personal use only, and are intended solely for the individual Web visitor displaying the content inside a Web browser.  Distribution, re-publication, or use in other Web sites in any manner, in full or in part, is strictly prohibited.  The use of automated software or technology to glean content or data from this or any page at Lottery Post for any reason is strictly prohibited.  Copyright © 2018 Lottery Post.
The minimum Powerball bet is $2. In each game, players select five numbers from a set of 69 white balls and one number from 26 red Powerballs; the red ball number can be the same as one of the white balls. The drawing order of the five white balls is irrelevant; all tickets show the white ball numbers in ascending order. Players cannot use the drawn Powerball to match two of their white numbers, or vice versa. Players can select their own numbers, or have the terminal pseudorandomly select the numbers (called "quick pick", "easy pick", etc.).
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.[35]
Before the January 31, 2010 cross-sell expansion, Mega Millions was the only multi-jurisdictional lottery whose drawings were carried nationally, instead of airing only on stations in participating jurisdictions. Chicago-based cable superstation WGN-TV simulcast Mega Millions drawings on its national WGN America feed immediately following WGN's 9pm (Central Time) newscast. Following the cross-sell expansion, WGN also began airing Powerball drawings nationally. WGN served as a default carrier of both major games where no local television station carried either multi-jurisdictional lottery's drawings. Both drawings were removed from WGN America in late 2014 when it ceased carrying WGN's newscasts.[39]
Welcome to the USA Green Card Lottery Organization, the U.S. Green Card Lottery Registration and Information Service Center on USA-GREEN-CARD.org. Here you can file the USA Green Card Lottery Application, also known as US Diversity Immigrant Visa Lottery (US DV-Lottery). The Official USA Government Diversity Visa Lottery Immigration and Naturalization program is chance to Live, Work and Study in USA, as well as bring your family and become a U.S. Citizen.
Powerball pays out the largest lottery jackpots in the world. Simple as. The biggest of the bunch arrived in Jan 2016, when three ticket-holders shared a prize fund worth $ 1.58 Billion. For your chance to win a world-beating lotto prize, pick 5 from 69 plus the Powerball and bet on one of our Thursday or Sunday night draws. Highest ever jackpot: $ 1.586 Billion
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.
It is still pretty tough to win the Jackpot, which is one of the reasons it is known as one of the biggest jackpot games in the world today – the odds of claiming a single-ticket win of both the five numbers plus the red Powerball, currently stand at about 1 in 24.87. The game definitely has the ability to make you fabulously wealthy beyond your wildest dreams or imagination. The Powerball lottery has the honour of having the highest jackpot prize in the world ever won by a single ticket - it is also the lottery that has paid out the highest jackpot to just one person. The biggest jackpot ever won on the US Powerball was a staggering $590.5 million, won by one lucky ticket holder in May 2013. The second-biggest jackpot snatched up, was an amazing $580 million which was won by two ticket holders in November 2012.
Wouldn't it be great if lotteries offered monster jackpots every single week? DinoLotto does exactly that, with an astonishing € 50.000.000 jackpot up for grabs in every draw. The gameplay is just like EuroMillions - pick 5 numbers from 50 plus 2 Dino Numbers from 12. The only really important difference is that the jackpot is usually much bigger! Draws are held in Paris at at 20:00 GMT, every Tuesday and Friday.

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.[35]
Due to falling sales of Hot Lotto (whose final drawing was October 28, 2017), a new version of Lotto America became available on November 12, 2017; its first drawing was November 15, 2017. Lotto America is available wherever Hot Lotto was offered at the time of its final drawing (except New Hampshire.) Lotto America is drawn on Wednesday and Saturday nights after 11 p.m. ET/10 p.m. CT. For each $1 play, bettors choose five numbers from 1 through 52, and a "star ball" numbered from 1 through 10, or ask for terminal-generated numbers. For an additional $1 per play, the bettor can add the "All-Star Bonus" option, which multiplies non-jackpot prizes by 2, 3, 4, or 5.[1][2][3][4] The minimum Lotto America jackpot is $2 million; however, the game's initial jackpot was $15 million; the 13 members chose to augment the jackpot with funds from Hot Lotto, whose final jackpot was not won.
The winner, who has not yet claimed the prize, has 365 days from the draw date to turn in the ticket at one of nine California Lottery District Office locations. The lucky person has two options for payment: A payment plan for about $543 million (before federal taxes) paid out over 29 years or a lump cash sum of $320.5 million (before federal taxes). 

Drawings are usually held at the studios of WSB-TV in Atlanta, Georgia.[1][38] The original host was WSB's chief meteorologist, Glenn Burns. Currently, most drawings are emceed by the full-time host of Georgia Lottery drawings, John Crow, with Brian Hooker the main substitute host. For larger jackpots, the drawing sometimes is moved to Times Square, with New York Lottery announcer Yolanda Vega co-hosting.


11:03 pm – Powerball:  The Wednesday, October 3, 2018 Powerball drawing has taken place, and the results are 41-53-59-63-66, and the Powerball is 03.  The Power Play number is 3.  To see all the ways your ticket can win a prize, please go to the Ways To Win Powerball page, or you can use the Powerball Search page to type the numbers on your ticket and have the USA Mega computer search the past results.  We will announce the number of big winners in this drawing, the states they came from, and the next jackpot within the next couple of hours, here on USA Mega.  Good luck!

These changes were made to increase the frequency of nine-figure jackpots; a Powerball spokesperson believed a $500 million jackpot was feasible (it became a reality within the year,[15]) and that the 1st $1 billion jackpot in US history would occur by 2012[16] Less than three months after the Powerball changes, Mega Millions' jackpot reached $656,000,000 despite remaining a $1-per-play game.[17] The random Power Play multiplier was retired for a set, fixed dollar amount payout.[18] The $25 million rollover "cap" (creating larger 5+0 prizes) was eliminated.

USA Green Card Organization is a private entity and is not affiliated with the U.S. Government which allows you to register for free during the lottery open season. These are the benefits of using our service: you can register 365 days of the year, we guarantee you'll submit a qualified entry, you can apply in 7 different languages and each application and photo will be personally reviewed by our customer support representatives.


On Jan 31, 2010, the date of the cross-sell expansion, Mega Millions and MUSL each added lotteries; eight Powerball members added Mega Millions by May. The Montana Lottery joined Mega Millions on March 1. Nebraska added Mega Millions on March 20; Oregon followed on March 28; Arizona joined Mega Millions on April 18; Maine added Mega Millions on May 9; Colorado and South Dakota joined Mega Millions on May 16. The U.S. Virgin Islands joined Mega Millions in Oct 2010.

^ 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.
Jump up ^ Lotto, Lucy (June 30, 2011). "Powerball Lottery Changes for 2012". WorldLottery.net. Archived from the original on August 23, 2013. Retrieved September 4, 2013. The first and biggest change to the Powerball Lottery is the introduction of the $40 million base jackpot. Now, when the Powerball Lottery jackpot is reset after a win it will start at $40 million, tempting even more players in for those early draws. Another promise, that is sure to be popular with lottery players, is the introduction of more prizes. From January, Powerball players will have even better odds of winning a prize worth at least $1 million, and it’s that fact that may soften the third and biggest ever change. From January 15, 2012, Powerball Lottery tickets are doubling in price, in what is the biggest change to the Powerball Lottery draw since its launch in 1994.

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.
Thanks to Giant Lottos, you don’t have to live in the US to play in the USA Mega Millions. Just purchase your USA Mega Millions tickets online at Giant Lottos, choose 5 numbers between 1 and 70 and 1 Mega Number between 1 and 25, and if you match all 6, you’ll be an instant winner! The USA Mega Millions is drawn twice a week on Tuesdays and Fridays, which gives you two chances every week to hit the jackpot.
Americans in the lowest fifth socioeconomic status group had the highest rate of lottery gambling (61%) and the highest mean level of days gambled in the past year (more than 26 days), the 2011 Journal of Gambling Studies research found. There were very few observed differences in lottery gambling for those in the three upper socioeconomic status groups — approximately 43% gambled on the lottery and the three upper groups averaged about 10 days of gambling on the lottery in the previous year of the study, a trend that was found in other countries with lotteries.

Decrease the odds and increase your chances of winning a lotto prize. The QikPiks app provides lottery players with a simple and logical way to maximize the chances of winning a lottery prize. QikPiks generates and displays sets of numbers for 3 of the most popular lottery games in Europe including... Lotto 550 EuroMillions Lotto 550 EuroJackpot Lotto 690 Italy SuperEnalotto For each lottery game, QikPiks displays the maximum number of rows and columns to play along with the totals for each row. The totals are the key to increasing a players chances of winning a lottery prize.
Elecia Battle made national headlines in January 2004 when she claimed that she had lost the winning ticket in the December 30, 2003 Mega Millions drawing.[43] She then filed a lawsuit against the woman who had come forward with the ticket, Rebecca Jemison. Several days later, when confronted with contradictory evidence, she admitted that she had lied.[44] Battle was charged with filing a false police report the following day. As a result of this false report, she was fined $1,000, ordered to perform 50 hours of community service, and required to compensate the police and courts for various costs incurred.[45]
Presumably due to their experience with the Power Play option for Powerball, all 23 lotteries joining Mega Millions on January 31, 2010 immediately offered Megaplier to their players. The Megaplier continues to be drawn by Texas Lottery computers, as California does not offer the multiplier. Montana, offering Powerball before the expansion date, became the 24th lottery to offer the Megaplier, followed by Nebraska (the 25th), Oregon (the 26th), Arizona (as the 27th) and Maine (as the 28th lottery to offer the Megaplier option). After Colorado and South Dakota joined Mega Millions, this raised the number of lotteries offering the Megaplier to 37.
When a player wins the Lotto America jackpot, the winner may choose to receive the prize in annuity payments or may elect to take a lump-sum payment. A player has 60 days from the date they claim their prize to choose the "cash" option or the "annuity" option. If the player selects the "cash" option, the prize will be a single cash payment equal to the amount available to the lottery for the jackpot prize pool. The "cash" prize is estimated to be approximately one-half of the estimated jackpot, depending on current interest rates. If the player chooses an annuity, it will be paid in 30 payments over 29 years, and the annual payment will be increased by a rate as determined by lottery officials. If the cost to purchase the annuity is less than $250,000, the lottery may elect to pay the prize as "cash."
Today, all 44 individual state lotteries offer both Mega Millions and Powerball as a result of a 2009 agreement between the Mega Millions consortium and MUSL to cross-license their joint games to one another’s members, although the two organizations continue to administer Mega Millions and Powerball separately. D.C. and the U.S. Virgin Islands also offer both games. Only the Puerto Rico Lottery offers only Powerball and not Mega Millions.
Because the quoted jackpot amount is an annuity of 30 graduated annual payments, its cash value relative to the annuity fluctuates. The actual ratio depends on projected interest rates and other factors. MUSL starts with the cash value, built from a percentage of sales, and then calculates the advertised jackpot amount from that value, based on the average costs of the three best securities bids.[30]
Illinois joining Powerball on the expansion date, it became the second multi-jurisdictional lottery game (after Mega Millions, which Illinois already participated in) whose drawings were carried nationally. Both games' drawings were simulcast via Chicago cable superstation WGN-TV through its national WGN America feed. WGN-TV aired Illinois Lottery drawings nationally from 1992 to 2015 after acquiring broadcast rights from Chicago's Fox owned-and-operated station WFLD in 1988, which took the rights from WGN-TV in 1987. Powerball drawings were aired on WGN-TV and WGN America on Wednesday and Saturday immediately following the station's 9pm (Central Time) newscast with the Mega Millions drawings being aired Tue and Fri evenings after the newscast. WGN served as a default carrier of Mega Millions or Powerball where no local television station carries either multi-jurisdictional lottery's drawings.
State lotteries have become a significant source of revenue for states, raising $17.6 billion in profits for state budgets in the 2009 fiscal year (FY) with 11 states collecting more revenue from their state lottery than from their state corporate income tax during FY2009. Lottery policies within states can have conflicting goals. Given that instructions are passed down from state legislatures, lottery implementation is often expected to be carried out with reduced advertising and funding while still producing the same amount of revenue. This issue led states to look for loopholes in the system. Massachusetts, for example, had its advertising budget dramatically cut, and therefore started using free-play coupons as money to pay for advertising. This led to an IRS investigation into alleged non-reporting of income because the IRS considered the coupons to have monetary value.
The largest jackpot in Mega Millions history was $656 million annuity value (with a cash option of $474 million) for the March 30, 2012 drawing, in which there were three jackpot-winning tickets; one each in Illinois, Kansas, and Maryland. All three tickets had been claimed by April 18, with each set of winners choosing the cash option of $158 million.[6]
The Mega Millions world record stood until January 2016, when Powerball took over the crown as the lottery champion of the world with a $1.568 billion jackpot. Changes to the Mega Millions game format have made it more difficult to win the Mega Millions jackpot and as a result, Mega Millions could soon award a record-breaking jackpot and regain its title as the biggest lottery in the world.
We all love EuroMillions! This gigantic lotto holds the record for the biggest lottery jackpots ever seen in the UK and Europe, with prizes ranging as high as £150 million. It's easy to bet: just pick 5 numbers from 50, plus 2 Lucky Star numbers from 12. And with bets starting from just € 3,00 a line, EuroMillions offers a fantastic value-for-money chance to get rich every Tuesday and Friday at 20:00 GMT. Record payout: £ 190 Million.
Americans in the lowest fifth socioeconomic status group had the highest rate of lottery gambling (61%) and the highest mean level of days gambled in the past year (more than 26 days), the 2011 Journal of Gambling Studies research found. There were very few observed differences in lottery gambling for those in the three upper socioeconomic status groups — approximately 43% gambled on the lottery and the three upper groups averaged about 10 days of gambling on the lottery in the previous year of the study, a trend that was found in other countries with lotteries.
If you do find yourself at 11 p.m. ET Tuesday with the winning ticket in your hands, be prepared to keep quiet after that initial scream of joy to your spouse or other loved one, said certified public accountant Daniel Mahler of Gisler & Mahler in Bloomingdale, N.J. And sign your ticket; that establishes it as yours before you go to the nearest lottery office to claim your prize.
For that reason, Brent Kramer, a research associate at the Fiscal Policy Institute, a nonprofit research and policy organization, and others call lotteries a “regressive tax” by offering the poor a rich fantasy. “If the promised return is by far illusory — and it is — it would be hard to argue that those purchases do not constitute a tax on those who believe the state’s hype,” Kramer wrote in a 2010 paper. In the event that someone did win the latest $700 million Powerball lottery, Bernal says it will be “the single biggest redistribution of wealth” since, well, the January 2016 Powerball.
Because the quoted jackpot amount is an annuity of 30 graduated annual payments, its cash value relative to the annuity fluctuates. The actual ratio depends on projected interest rates and other factors. MUSL starts with the cash value, built from a percentage of sales, and then calculates the advertised jackpot amount from that value, based on the average costs of the three best securities bids.[30]
Because the quoted jackpot amount is an annuity of 30 graduated annual payments, its cash value relative to the annuity fluctuates. The actual ratio depends on projected interest rates and other factors. MUSL starts with the cash value, built from a percentage of sales, and then calculates the advertised jackpot amount from that value, based on the average costs of the three best securities bids.[30]
Because the quoted jackpot amount is an annuity of 30 graduated annual payments, its cash value relative to the annuity fluctuates. The actual ratio depends on projected interest rates and other factors. MUSL starts with the cash value, built from a percentage of sales, and then calculates the advertised jackpot amount from that value, based on the average costs of the three best securities bids.[30]
Powerball is an American lottery game offered by 44 states, the District of Columbia, Puerto Rico and the US Virgin Islands. It is coordinated by the Multi-State Lottery Association (MUSL), a nonprofit organization formed by an agreement with US lotteries. Powerball's minimum advertised jackpot is $40 million (annuity); Powerball's annuity is paid in 30 graduated installments or winners may choose a lump sum payment instead. One lump sum payment will be less than the total of the 30 annual payments because of the time value of money.
×