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.
In 2013, US Powerball announced that it had a goal: to reach a $1 billion jackpot by 2022. The lottery has since passed the half a billion mark on four different occasions, and fans and players eagerly anticipated the grand rollover that would knock the others out of the top spots. As luck would have it, they only had to wait three years, not nine, to see their billion-dollar dreams come true. On 13 January 2016, the world's three luckiest ticket holders -- in Tennessee, California, and Florida -- shared the biggest jackpot ever in lottery history: $1.58 billion!
The biggest Powerball jackpot, which is also the current lottery jackpot world record, was won on 13 January 2016! The jackpot was worth an incredible $1.58 billion and was shared by three extremely lucky ticket holders in California, Florida, and Tennessee. The second biggest Powerball jackpot to date was awarded to a lucky lottery player from Massachusetts who won an astounding $758.7 million jackpot in August 2017. Also notable is the story of Gloria MacKenzie, who used Quick Pick and matched all the numbers and the Powerball on 18 May 2013. The jackpot she won was worth $590.5 million! 
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.”

Another study looked at winners. In 2015, the Maine Department of Health and Human Services analyzed data from the Bureau of Alcohol and Beverage and Lottery Operations on individuals who won money in the state lottery. Some 4,865 winning tickets of $1,000 or more were cashed in by 3,685 individuals receiving state benefits over the previous five years, reaching $22 million in lottery jackpots of various sizes. So — unless they were an unusually lucky group of people — they likely spent far more than any other group on tickets.

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.[30]


Decrease the odds and increase your chances of winning a lotto prize. The QikPiks app provides lottery players with a simple and logical way to maximize the chances of winning a lottery prize. QikPiks generates and displays sets of numbers for 3 of the most popular lottery games in Europe including... Lotto 550 EuroMillions Lotto 550 EuroJackpot Lotto 690 Italy SuperEnalotto For each lottery game, QikPiks displays the maximum number of rows and columns to play along with the totals for each row. The totals are the key to increasing a players chances of winning a lottery prize.
11:08 pm – Mega Millions:  The Tuesday, October 2, 2018 Mega Millions drawing has taken place, and the results are 2-22-29-31-34, and the Mega Ball is 1.  The Megaplier number is 3.  To see all the ways your ticket can win a prize, please go to the Ways To Win Mega Millions page, or you can use the Mega Millions Search page to type the numbers on your ticket and have the USA Mega computer search the past results.  We will announce the number of big winners in this drawing, the states they came from, and the next jackpot within the next couple of hours, here on USA Mega.  Good luck!

Rules vary according to the applicable laws and regulations in the jurisdiction where the ticket is sold, and the winner's residence (e.g. if a New Jerseyan wins on a ticket bought near their workplace in Manhattan). Mega Millions winnings are exempt from state income tax in California; while Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington state, and Wyoming do not have an income tax. On the other hand, some residents of New York City and Yonkers, New York pay three levels of income tax, as these cities levy income taxes.
The acceptance of gambling in the colonies was fairly short-lived by English investors because it was seen as a sign of laziness and as a vice. The investors saw gambling as a root cause of the colonies’ inability to sustain themselves. Lotteries were used not only as a form of entertainment but as a source of revenue to help fund the colonies. The financiers of Jamestown, Virginia, for instance, funded lotteries to raise money to support their colony. These USA lotteries were quite sophisticated for the time period and even included instant winners. Not long after, each of the 13 original colonies established a lottery system to raise revenue. In early American history, legislators commonly authorized lotteries to fund schools, roads, bridges, and other public works. Evangelical reformers in the 1830s began denouncing lotteries on moral grounds and petitioned legislatures and constitutional conventions to ban them. Recurring lottery scandals and a general backlash against legislative corruption following the Panic of 1837 also contributed to anti-lottery sentiments. From 1844 to 1859 alone, 10 new state constitutions contained lottery bans. By 1890, lotteries were prohibited in every state except Delaware and Louisiana.

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.
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.
Why waste time queuing for tickets when you can bet on EuroMillions results online? Bet securely from home or via mobile, get prompt result notifications via email and winnings automatically deposited to your account. Plus, you also get to take advantage of exclusive deals and special features only available to those betting on EuroMillions online.
Even though some scratch cards costing as much as $50 in Texas and $30 in Massachusetts, state lotteries are exempt from Federal Trade Commission “truth in advertising laws” The Federal Communications Commission prohibits the broadcast of lottery advertisements, but has exemptions for lotteries “conducted by a state acting under the authority of state law. Hence, TV commercials like “The Possibilities are Endless.” (Lotteries raise over $70 billion a year, according to the North American Association of State and Provincial Lotteries. Profits from the Powerball are used to fund public projects approved by state legislatures.)
Drawings for Powerball are held every Wednesday and Saturday evening at 10:59 p.m. Eastern Time. Since October 7, 2015, the game has used a 5/69 (white balls) + 1/26 (Powerballs) matrix from which winning numbers are chosen, resulting in odds of 1 in 292,201,338 of winning a jackpot per play.[1] Each play costs $2, or $3 with the Power Play option. (Originally, Powerball plays cost $1; when PowerPlay began, such games were $2.) The official cutoff for ticket sales is 10:00 p.m. Eastern Time; some lotteries cut off sales earlier.[2] The drawings are usually held at the Florida Lottery’s studio in Tallahassee.
In spite of the huge popularity of this lottery draw game it is still an unknown to many that you can buy Powerball tickets online, whether you are in the US or not. To be clear, this doesn’t even mean that you have to be a citizen of the US either. No citizenship & not based in the US? You can still play powerball online and buy lottery tickets online for a number of different lottery draw games. 
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