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,) and that the 1st $1 billion jackpot in US history would occur by 2012 Less than three months after the Powerball changes, Mega Millions' jackpot reached $656,000,000 despite remaining a $1-per-play game. The random Power Play multiplier was retired for a set, fixed dollar amount payout. The $25 million rollover "cap" (creating larger 5+0 prizes) was eliminated.
Win with theLotter and receive automated win notifications via email or SMS. Powerball prizes will go straight into your secure online account after the results are published and soon after the receipt of the prize from the official lottery operator. If you win a larger prize you will be invited to collect your prize in person in the US with a flight paid for by theLotter! All Powerball wins are subject to state and federal taxes. For more about taxes on US Powerball wins, please go to the US Powerball info page.
Draws are held on Wednesdays and Saturdays at 10.59 p.m. (EST) and there are five winning numbers drawn from a pool of 69 balls, as well as one extra ball called the Powerball. If you're lucky enough to match five numbers and the Powerball, then you'll hit the jackpot, just like the many winners over the years. Be sure to visit this page after the latest draw for the most recent Powerball lottery results, to find out if you're one of those lucky people.
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.
EuroMillions is played in 13 countries and territories throughout Europe, with the majority of players coming from the UK, France and Spain. Other participating countries include Ireland, Austria, Belgium, Luxembourg, Portugal and Switzerland. EuroMillions is also available to play in Andorra, Liechtenstein, Monaco and the Isle of Man. With players from all over the continent taking part each week EuroMillions is, by far, the biggest and most popular international lottery in the world.
Meanwhile, American economic growth has been a double-edged sword for many Americans.In 1980, the U.S. and Western Europe had similar levels of inequality. And today? Not so much. While the top 1% of earners made up just 10% in both regions in 1980, it increased slightly to 12% in 2016 in Western Europe, but doubled to 20% in the U.S., according to a report released last month by the World Inequality Lab, a research project in over 70 countries based at the Paris School of Economics, and co-authored by the French economist Thomas Piketty.
If you are a EuroMillions or Powerball player then you've likely experienced the frustration of never quite matching the winning numbers. EuroMillions was designed to pay out big jackpots but your chances of winning are extremely small. In contrast, the EuroJackpot lottery is designed to give more players the chance to win. Although the prizes are smaller than EuroMillions, jackpots are won far more frequently and you are nearly twice as likely to win betting with EuroJackpot!
Mega Millions is played in 44 states — but not Alabama, Alaska, Hawaii, Mississippi, Nevada and Utah — the District of Columbia and the U.S. Virgin Islands. The most recent Mega Millions grand prize, a $142 million jackpot, was won May 4 in the Dayton, Ohio, suburb of Moraine; the winner claimed the prize anonymously through a trust, netting a $60.5 million lump sum after taxes.
If you’ve set a monthly budget for lotto tickets, you’ll better your personal odds of winning a prize if you spend your monthly ticket budget on one draw, as opposed to spreading that same amount of money over the entire month of draws. For instance, if your monthly lotto budget is $20.00, rather than buy $5.00 worth of lotto tickets each week, your odds of winning any prize will increase dramatically by spending the entire $20.00 on a single draw.
In January 2012, Mega Millions' rival Powerball was altered; among the changes were a price increase of $1 for each play, as a result, a base game costs $2, or $3 with the Power Play option. At the time, there were no plans to change the price of a Mega Millions play, with or without the Megaplier (see below for the 2017 format change that includes the base price for a Mega Millions play to be raised to $2.) The price increase for playing Powerball was a major factor in Louisiana deciding to pursue joining Mega Millions, as that state's lottery joined Mega Millions on November 16, 2011.
The original version of Lotto America (stylized as Lotto*America) was a $1-per-play, pick-7-of-40 game, rather than the pick-6 games that had become wildly popular in U.S. lotteries. Matching four numbers won a fixed prize of $5; matching at least five won a parimutuel prize. Matching all seven won the jackpot, whose odds were roughly 1 in 18 million, at the time the longest odds of a U.S. lottery game. The top prize was a 20-year annuity; there was never a cash option, even though a few games did offer one when L*A ended.
*a tip to know whether the website you are looking at actually buys lottery tickets online or follows the insurance model is to check the wording that they use. If you see the words “Play” then you can be confident it is a company that has agents and buys your tickets physically, if you see the words “Bet” you can be sure it is following the insurance model and you are placing a bet on the outcome of a lottery.