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On January 13th, 2016 the American multi-state lottery Powerball set the world-record for the biggest jackpot of all time at USD$1.6 billion when it was won by John and Lisa Robinson of Tennessee, Maureen Smith and David Kaltschmidt of Florida and Marvin and Mae Acosta of California. It was the first time in history a prize had topped the billion dollar mark!
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.
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!
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!

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.


And of course, if non-US residents are eligible to buy the tickets, they are also eligible to claim the prize money should they win. However, be aware that the rules covering taxes and withholding vary depending on where you live. Countries outside of the United States might have different procedures. If you do win, be sure to consult with a tax professional for more information.
Drawings are usually held at the studios of WSB-TV in Atlanta, Georgia.[1][38] The original host was WSB's chief meteorologist, Glenn Burns. Currently, most drawings are emceed by the full-time host of Georgia Lottery drawings, John Crow, with Brian Hooker the main substitute host. For larger jackpots, the drawing sometimes is moved to Times Square, with New York Lottery announcer Yolanda Vega co-hosting.
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.
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.

• Even the one-time cash option, about $308 million, won't go entirely in your pocket. It is subject to federal, state and local taxes, these days a little less than half taken out — state and local tax rates vary — long before you can think of moving Bermuda or a similar tax haven. (The new tax law that went into effect this year does make the federal tax rate less, falling to 37% from the previous 39.6%.)
This method specifically has faced criticism recently from a number of lottery organizers such as Camelot, the UK National Lottery organizers who are not happy with companies “selling tickets” (selling bets on outcomes of their established lottery draws) for prices sometimes even cheaper than Camelot themselves sells their tickets. This legal and corporate dispute looks set to continue for the foreseeable future, in the mean time you can continue to buy Powerball tickets online, only now you are aware of the key differences between the two business models. 
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