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
EuroMillions currently has a minimum jackpot of approximately €15 million and a maximum jackpot capped at €190 million, making EuroMillions by far the largest lottery prize in Europe. EuroMillions also has annual Superdraws several times a year, automatically boosting the jackpot to €100 million. To read more about these special jackpots, and for news on upcoming draws, see our EuroMillions Superdraw page!
Increased levels of lottery play have been linked with certain sections of the U.S. population — men, African-Americans, Native Americans, and those who live in disadvantaged neighborhoods, according to one 2011 study of over 5,000 people published in the Journal of Gambling Studies. (Susan Cartwright, a spokeswoman for Scientific Games SGMS, -6.54% which sells scratch cards, says a 2014 study by an independent research firm, Chadwick Martin Bailey, found that lottery players mirror the general public’s ethnicity, employment, and income.)
In March 2009, it was reported that New Jersey, already a Mega Millions member, sought permission to join Powerball. Shortly after, discussions were revealed about allowing each US lottery to offer both games. On Oct 13, the Mega Millions consortium and MUSL reached an agreement in principle to cross-sell Mega Millions and Powerball. In Nov, MUSL signed an agreement to start streaming Powerball drawings online.
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.
On June 2, 2010, Ohio won a Powerball jackpot; it became the first lottery selling either Mega Millions or Powerball (when 2010 began) to provide a jackpot-winning ticket for its newer game. The ticket was worth a $261 million annuity; it was sold in Sunbury. Ohio's second Powerball jackpot-winning ticket, sold for the June 23, 2010 drawing, was part of another first; since Montana also provided a jackpot winner for that drawing, it was the first time a jackpot was shared through lotteries which sold competing games before the cross-selling expansion, as Montana sold only Powerball before the expansion date.
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.
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.
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.
When you play Mega Millions online and match all five main numbers plus the Mega Ball, and you will be entitled to your share of a multi-million dollar jackpot. Mega Millions’ starting jackpot is $40,000,000. Its personal best was also a world record for four years; it awarded a $656 million jackpot in March 2012. One third of this huge prize was won by the 'Three Amigos', three members of what is possibly the most famous winning lottery syndicate.
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.
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!
*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.