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!
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.
Yes! Mega Millions lottery tickets are offered for sale in 46 US states and territories. When you play Mega Millions online with theLotter from anywhere in the world, an official lottery ticket is bought locally on your behalf. A scan of your Mega Millions ticket will be available as part of theLotter’s See Your Ticket Service in time for the Tuesday or Friday night draw.
Lotto America was the first lottery game offered by MUSL. In 1987, six states and the District of Columbia banded together, since, on their own, they could not create jackpots into the tens of millions of dollars that had become commonplace in the most popular single-state lottery games. MUSL's first game was called "Lotto America" even though only those seven jurisdictions took part. The first Lotto America drawing was in 1988.
Drawings are usually held at the studios of WSB-TV in Atlanta, Georgia. 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.
Never choose all odd or all even numbers. Such combinations (either all ‘odd’ numbers, or all ‘even’ numbers) make up only 3% of prizes won. Most winning Mega Millions tickets are notable for having three ‘odd’ and two ‘even’ numbers. Alternatively, you could choose three ‘even’ numbers and two ‘odd’ numbers, although your chances to win won’t be quite as good. The mega-ball number can be either an ‘even’ or an ‘odd’ number, and is not related in any way to your main (white) ball choices.
Some lotteries sell Powerball® tickets over the Internet, but the service is only available to residents of that jurisdiction. The sale of Powerball tickets over the Internet or by mail across jurisdictional borders is restricted. Lotteries may refuse to pay out prize money on Powerball tickets purchased on any website other than their own. Please contact your lottery with any further questions.
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.
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.
The advertised estimated jackpot represents the total payments that would be paid to jackpot winner(s) should they accept the annuity option. This estimate is based on the funds accumulated in the jackpot pool rolled over from prior drawings, expected sales for the next drawing, and market interest rates for the securities that would be used to fund the annuity. The estimated jackpot usually is 32.5% of the (non-Power Play) revenue of each base ($1) play, submitted by game members to accumulate into a prize pool to fund the jackpot. If the jackpot is not won in a particular drawing, the prize pool carries over to the next drawing, accumulating until there is a jackpot winner. This prize pool is the cash that is paid to a jackpot winner if they choose cash. If the winner chooses the annuity, current market rates are used to calculate the graduated payment schedule and the initial installment is paid. The remaining funds in the prize pool are invested to generate the income required to fund the remaining installments. If there are multiple jackpot winners for a drawing, the jackpot prize pool is divided equally for all such plays.
Unclaimed prizes are kept by the lottery jurisdiction. If a Grand Prize goes unclaimed, the money must be returned to all lotteries in proportion to their sales for the draw run. The lotteries then distribute the money, based on their own jurisdiction's laws, to other lottery games or to their jurisdiction's general fund, or otherwise as required by law.
1:09 am – Mega Millions: There were no jackpot winners and no $1,000,000 winners in the Tuesday, October 2, 2018 Mega Millions drawing. For the complete rundown of winners in each of the other prize categories, a list of the California pari-mutuel prize amounts, the drawing video, and all other data about this drawing, see the Mega Millions Drawing Detail page.
MUSL officials initially suspected fraud or a reporting error. However, all 110 winners had played numbers from fortune cookies made by Wonton Food Inc. of Long Island City, New York. The factory had printed the numbers "22, 28, 32, 33, 39, 40" on thousands of fortunes. The "40" in the fortune did not match the Powerball number, 42. None of the employees of Wonton Food played those numbers; at the time, the closest game member was Connecticut. Since the ticket holders had won as result of a coincidence rather than foul play, the payouts were made.
Every effort is made to ensure the accuracy of all information contained on this site. This site, however, is not the final authority on games, winning numbers, or other information. All winning tickets must be validated by the NMLA before prizes will be paid. You must be 18 years of age or older to play the lottery. Our site is constantly updated with new information. Please check back often.
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.
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.
The minimum jackpot prize is a $15 million annuity disbursed in 30 payments over 29 years which is something many people would elect to do.The 30 annuity payments are not equal but based on an increasing rate schedule. For example, the first annual gross annuity payment on the base $15 million jackpot would be approximately $267,000 while the final payment would be approximately $834,000.
In the United States, lotteries are run by 47 jurisdictions: 44 states plus the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Lotteries are subject to the laws of and operated independently by each jurisdiction, and there is no national lottery organization. However, consortiums of state lotteries jointly organize games spanning larger geographical footprints, which in turn, carry larger jackpots. Two major lottery games, Mega Millions and Powerball, are both offered in nearly all jurisdictions that operate lotteries, and serve as de facto national lotteries.
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.)
The advantages to group game tickets is that is a good way to maximize your exposure (you have a little bit of a lot of tickets) without spending fortunes of multiple tickets. Due to the US Powerball having a minimum jackpot of $40m, group game tickets are always an attractive option as even with only a 2.5% share of the syndicate, you will still win $1m! As the jackpots grow, the Syndicate option becomes more and more appealing. The mantra of the group game player is “it’s better to have a little bit of something than a big bit of nothing.”