The annuity factor, or the cost to fund an annuity prize, is another key component. The annuity factor is made up of interest rates for securities purchased to fund prize payments. The higher the interest rates, the higher the advertised Grand Prize. You might not realize that an economic reality like interest rates impact even the Powerball jackpot, but they do!

We are proud to share the stories of theLotter's players who have won huge prizes playing the Mega Millions lottery. Nataliia from Ukraine matched the five main numbers in the draw on 26 September 2017 to become our first Mega Millions millionaire. Her Mega Millions subscription using the Quick Pick numbers not only ensured that she would never miss a single draw, but also ended up winning her a $1 million prize!


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The final 5/56 + 1/46 Mega Millions drawing was held on October 18, 2013; that night's jackpot of $37 million was not won. The first drawing under the revised 5/75 + 1/15 format—which saw the jackpot estimate "leap" to $55 million due to the change in the annuity structure—occurred on October 22, 2013. The minimum jackpot was then $15 million, with rollovers of at least $5 million. Second prize (5+0) became $1 million cash. In the revised format, players chose 5 of 75 white ball numbers, and the "Gold Ball" number out of 15.
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.)
The American Powerball lottery makes use of two machines drawing two sets of numbers. In this way, it is similar to other lotteries like the Mega Millions and EuroMillions. Powerball players need to match five numbers from a possible 69 (these are the white numbers), and one number from a possible 26 (these are the red bonus ‘Powerballs’). If a player matches up all six numbers that have been drawn, they will win the jackpot. Second tier division winners have a $1 million prize to look forward to – one does not even need to match all six numbers in order to become a millionaire with the US Powerball game!
The Euro Jackpot results are comprised of seven numbers, 5 regular balls chosen from the numbers 1 to 50 and the two special Euro Balls which are chosen from the numbers 1 to 10. Matching all of the numbers on your Betslip wins you the multi-millionaire jackpot but there are 11 other smaller tiers which you should also check as just matching two numbers correctly will win you the minimum prize. Simply click on a result and this will produce a full prize breakdown for all of the different tiers. Good luck!

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.
Giant Lottos offer Quick Pick, Manual, Syndicate and Bundle purchases on USA Mega Millions tickets. All you need to do is choose your preferred playing method, buy your USA Mega Millions tickets online, and our team will ensure your tickets are bought within the same hour. We at Giant Lottos  strive to make you a millionaire as quickly as possible!
Yes - this is known as "pooling" or "syndication". A group of family members, friends, or colleagues put funds together to purchase more tickets, and then equally share out any prizes they win. Bear in mind, one nominated person will have to act as the ticket holder, and it's important that they are reliable and trustworthy. You should also have a binding legal agreement.
Winning the jackpot requires matching all five numbers, plus the Powerball. Players who match five numbers win $1 million; players who match four numbers plus the Powerball win $50,000; players who match four numbers win $100; players who match three numbers plus the Powerball win $100; players who match three numbers win $7; players who match two numbers plus the Powerball win $7; players who match one number plus the Powerball win $4; and players who match only the Powerball win $4.

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.
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). 

When Texas joined Mega Millions in 2003, it began offering an option, initially available only to Texas Lottery players, known as the Megaplier, which was similar to Powerball's Power Play. The 11 Mega Millions lotteries without Megaplier on the January 31, 2010 cross-selling date gradually added the multiplier option; by January 2011, all Mega Millions lotteries, except for California, offered the Megaplier. The Texas Lottery owns the trademark to Megaplier.[8]
If you still have doubts as to whether you can buy lottery tickets online, check out the Iraqi national that won $6.4 million in the Oregon State lottery despite not being a) a citizen, b) a resident and c) having never set foot in Oregon (or even the US for that matter!). Click the link on the text to read more about this watershed moment in buying lottery tickets online and the unsuccessful steps taken by the local government to try and block this payment. Despite all the efforts, the lottery winner had acted completely legally and was entitled to his millions. 
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