Powerball winnings in California and Pennsylvania are subject to Federal income tax only. There is no state income tax in Florida, South Dakota, Texas, Washington and Wyoming, and only on interest and dividends in Tennessee and New Hampshire. Winnings from tickets purchased outside of one's home state may be subject to the income tax laws of both states (with possible credit based on the two jurisdictions.)
Lotto America is an American multi-state lottery game that began in 2017. It is operated by the Multi-State Lottery Association (MUSL). It takes its name from the original Lotto America, offered from 1988 to 1992. Lotto America was re-launched by 13 state lotteries on November 12, 2017. Plays are $1 each (or $2 with the All-Star Bonus option; see below.) Lotto America replaced the scandal-tarred Hot Lotto game; each of the 13 members of Lotto America offered Hot Lotto when it ended on October 28, 2017.
MUSL and its members accept all investment risk and are contractually obligated and liable to the winner to make all scheduled payments to annuity winners. If a jackpot ticket is not claimed, the funds in the prize pool are returned to members in proportion to the amount they contributed to the prize pool. The members have different rules regulating how unclaimed funds are used.
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.
Not only can players get a chance to win the American dream, but they are also offered various possibilities to win big also in our own continent. EuroJackpot and EuroMillions have incredible jackpots, as well as DinoLotto and Lotto6/49. With Eurolotto the chances of becoming a millionaire are extremely high, as this broad selection of lotteries proves
Since the secondary prizes are defined in fixed amounts (except in California), if the liability for a given prize level exceed the funds in the prize pool for that level the amount of the prize may be reduced and the prize pool be distributed on a parimutuel basis and result in a prize lower than the fixed amounts given in the prize tables. Because the secondary prize pools are calculated independently, it is possible lower-tier prizes will differ among the game members.
The Powerball jackpot was last won on 11 August 2018 when a single ticket purchased in Staten Island, New York, matched the winning numbers to claim the entire $245,600,000 ($147,844,558.62 cash) prize. The winner of the jackpot was identified as Nandlall Mangal, a 42-year-old Guyanese immigrant in the US who vowed to continue working even after the amazing Powerball win.
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.
Unlike Hot Lotto, which used a random number generator during most of its run (including the December 2010 drawing whose jackpot was "won" by Eddie Tipton, a MUSL employee), Lotto America is drawn using physical ball machines and numbered balls. One machine draws the five main numbers while another is used to draw the "Star Ball". As of September 1, 2018, none of these drawings have been made available to the viewing public; these drawings are believed to be held in Tallahassee, Florida, even though Florida does not participate in the game.
Jackpot winners have the choice of receiving their prize either in one single lump sum payment, or once a year with the annuity option (30 payments over 29 years). They have 60 days to decide which way they want to be paid. During these 60 days, a player who originally opted for the annuity payment is able to instead take the lump sum payment option. If they do not make a choice either way, after 60 days, the player will automatically receive their prize as an annuity.
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.
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Every effort is made to ensure the accuracy of all information contained on this site. This site, however, is not the final authority on games, winning numbers, or other information. All winning tickets must be validated by the NMLA before prizes will be paid. You must be 18 years of age or older to play the lottery. Our site is constantly updated with new information. Please check back often.
To receive your FREE Powerball lottery results, sign up for email notifications here. You can also download the free theLotter app for iPhone, iPad, and Android. Download our apps and gain access to results and information for over 80 lotteries, and check winning numbers up to ten draws back! Check your lottery results, select your lucky numbers, and find draw schedules for the next Powerball draw from the comfort of your mobile!
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.
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.
First introduced in 1996, the USA Mega Millions was originally known as ‘The Big Game’ - and looking at its payouts over the years, it’s no surprise as to why. With a starting jackpot of $40 million and a record jackpot of $656 million to date, winning the USA Mega Millions is no joke - although when you hit the big one you’ll be laughing all the way to the bank.
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.
This website and the games available thereon are operated by Kootac. Kootac Trading Limited, with its registered office at No. 30, Kenilworth, Flat 3, Sir Augustus Bartolo Street, Ta' Xbiex, XBX 1093, Malta (EU) is licensed by the UK Gambling Commission to operate remote gambling in Great Britain under licence number 000-044791-R-324883-004. Kootac N.V., with its registered office at Heelsumstraat 51 E-commerce Park, Curacao is officially licensed by the Government of Curacao to operate online gambling based on the licence number 8048/JAZ2013-014.
Prizes must be claimed in the jurisdiction where the winning ticket was purchased. Players can generally claim a prize up to $600 at any licensed lottery retailer in the jurisdiction where they bought the ticket. Prizes over $600 can be claimed at some lottery offices, depending on the amount, and also at lottery headquarters. Please contact your lottery with any further questions.
The average chief executive of an S&P 500 company made $13.1 million per year in 2016 — equivalent to 347 times more money than the average worker, according to separate data released by Executive Pay Watch, a report conducted by the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO). “When adjusted for inflation, the average wage has remained stagnant for 50 years,” it found. Given this growing gap between the rich and poor in the U.S. the almost impossible odds of winning, Bernal describes $10, $30 and $50 scratch cards and lottery tickets a “Hail Mary investment strategy for the poor.”
For many potential players, the viral story of the Iraqi lottery winner opened their eyes and showed a proof of concept that not only can you play the Powerball online, but more importantly, if you play and win, you will get paid. Without the concrete example of the Iraqi lotto winner, it would be hard to prove to anyone without a doubt that you will be eligible for the payment if you win. The US Powerball is even more clear cut as it specifically has no limitations or restrictions to who can buy Powerball tickets online. You can be sure that if you get Powerball tickets online and it is to play and not bet on the lottery that there will be a local agent buying your ticket for you.