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.
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."
Lottoland is not an official lottery operator and does not buy any lottery tickets on your behalf. Instead, Lottoland allows you to make bets on different lotteries. If you win any bets, then you get paid directly by Lottoland and not the official lottery operator. All jackpots are estimates and subject to currency fluctuations. *Tier 1 winning bets on the US Powerball and US MegaMillions are paid out as 30 year annuity or discounted lump sum at Lottoland’s election, and Tiers 1 – 3 are also subject to 38% reduction as per T&C's. Tiers 1 - 3 for winning bets on SuperEnalotto are subject to 12% reduction as per T&C's.
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.
**Disclosure of Material Connection: Some of the links in the promo content above are “affiliate links.” This means if you click on the link and purchase the item, our partners will receive an affiliate commission without any effect on the price you pay. Regardless, Our product reviews are based mostly on (1) our expertise and that of the experts with whom we consult and (2) the information provided by the manufacturers. We are disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”
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.
In the United States, lotteries are run by 47 jurisdictions: 44 states plus the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Lotteries are subject to the laws of and operated independently by each jurisdiction, and there is no national lottery organization. However, consortiums of state lotteries jointly organize games spanning larger geographical footprints, which in turn, carry larger jackpots. Two major lottery games, Mega Millions and Powerball, are both offered in nearly all jurisdictions that operate lotteries, and serve as de facto national lotteries.
The American Powerball,known as "Lotto America" made it debut way back in 1988, which makes it one of the oldest Lottery games around today. In 1992 they changed the name to the Powerball lottery, with the first official Powerball draw being held on April 19th, 1992. The game has grown and evolved over the years now totalling 44 States and various changes being applied to the ball and prize structure from the game back in 1988. These include a change in the annuity prize payments from 20 yearly payments to 30, and the addition of a cash option for the jackpot as the jackpot is massive averaging around $100 million.
In California, prize levels are paid on a parimutuel basis, rather than the fixed lower-tier amounts for winners in other Mega Millions jurisdictions. California's eight lower-tier Mega Millions prize pools are separate from those shared by the other 45 lotteries. California's second prize is a "secondary jackpot"; its payout sometimes exceeds $1 million cash, even though California does not offer the Megaplier.
The January 4, 2011 Mega Millions drawing drew attention for its similarity to "The Numbers," a sequence of six numbers that served as a plot device of the ABC drama series Lost. One such usage involved character Hugo "Hurley" Reyes playing the sequence in a similar "Mega Lotto" game, winning a nine-figure jackpot and subsequently experiencing numerous misfortunes in his personal life. The first three numbers (4, 8, 15) and mega ball (42) in the Mega Millions drawing matched the first three numbers and the final number (which Hurley also used as the "mega ball" number) in the Lost sequence. The last two numbers in the Mega Millions drawing did not match the last two numbers that were used in the scene. Those who played "The Numbers", including from quick-picks, won $150 ($118 in California) in a non-Megaplier game; $600 with the multiplier.
The biggest Powerball jackpot, which is also the current lottery jackpot world record, was won on 13 January 2016! The jackpot was worth an incredible $1.58 billion and was shared by three extremely lucky ticket holders in California, Florida, and Tennessee. The second biggest Powerball jackpot to date was awarded to a lucky lottery player from Massachusetts who won an astounding $758.7 million jackpot in August 2017. Also notable is the story of Gloria MacKenzie, who used Quick Pick and matched all the numbers and the Powerball on 18 May 2013. The jackpot she won was worth $590.5 million!
The US Powerball is a standard lottery draw game based and operated from the golden State of California. The US Powerball has been making millionaires and multi-millionaires since its first drawing way back in 1992. With over 25 years of experience in the lottery industry, the Powerball, along with many other State lotteries, has broken through the final glass ceiling and transformed itself from an interstate lottery into a truly international lottery of global reach.