Players who match five numbers from the first pool win $1 million; those matching four numbers from the first pool and the Gold Mega Ball number win $10,000; those matching four numbers from the first pool win $500; those matching three numbers from the first pool and the Gold Mega Ball win $200; those matching two numbers plus the Gold Mega Ball win $10; those matching one number and the Gold Mega Ball win $4; and those matching only the Gold Mega Ball win $2.
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
The largest Mega Millions jackpot, advertised as $640 million at the time of the drawing (annuitized) or $462 million (cash value), was drawn on March 30, 2012. The initial estimate for that drawing (following the March 27 drawing, which was $363 million annuity) was $476 million (later increased to $500 million and again to $540 million); brisk ticket sales pushed the jackpot values, both annuitized (to $656 million) and the cash option ($474 million) higher. The amount spent on Mega Millions for drawings following its previous jackpot win, on January 24, 2012, was at least $1.5 billion. three jackpot-winning tickets had been confirmed (Illinois, Kansas, and Maryland).
State lotteries have become a significant source of revenue for states, raising $17.6 billion in profits for state budgets in the 2009 fiscal year (FY) with 11 states collecting more revenue from their state lottery than from their state corporate income tax during FY2009. Lottery policies within states can have conflicting goals. Given that instructions are passed down from state legislatures, lottery implementation is often expected to be carried out with reduced advertising and funding while still producing the same amount of revenue. This issue led states to look for loopholes in the system. Massachusetts, for example, had its advertising budget dramatically cut, and therefore started using free-play coupons as money to pay for advertising. This led to an IRS investigation into alleged non-reporting of income because the IRS considered the coupons to have monetary value.
To qualify for the USA Diversity Visa Lottery, you must be a foreign citizen or national not born in the United States of America, from a country with a low immigration rate to the United States. People born in countries with high US immigration are excluded from this immigration program. Please see the table below, for countries whose natives are currently excluded from this years immigration lottery program. Please note, eligibility is determined only by the country of your birth, it is not based on country of citizenship or current residence. This is the most common misperception that applicants make when entering this immigration program.
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.
Proof that you satisfy these requirements should NOT be submitted when entering the USA Diversity Visa Lottery, but will be requested by a consular officer after your name has been selected in the draw and you formally apply for your permanent residence (Green Card) visa via the three immigration forms that you will receive, if selected. Individuals who do not meet the two requirements outlined above, should not apply for a permanent resident card in this immigration program, since they will be disqualified. You need to provide proof of education, work experience and native country only if you are selected. For this reason we do not request this documentation in the online application form.
Powerball winnings in California and Pennsylvania are subject to Federal income tax only. There is no state income tax in Florida, South Dakota, Texas, Washington and Wyoming, and only on interest and dividends in Tennessee and New Hampshire. Winnings from tickets purchased outside of one's home state may be subject to the income tax laws of both states (with possible credit based on the two jurisdictions.)
MUSL and its members accept all investment risk and are contractually obligated and liable to the winner to make all scheduled payments to annuity winners. If a jackpot ticket is not claimed, the funds in the prize pool are returned to members in proportion to the amount they contributed to the prize pool. The members have different rules regulating how unclaimed funds are used.
If you do find yourself at 11 p.m. ET Tuesday with the winning ticket in your hands, be prepared to keep quiet after that initial scream of joy to your spouse or other loved one, said certified public accountant Daniel Mahler of Gisler & Mahler in Bloomingdale, N.J. And sign your ticket; that establishes it as yours before you go to the nearest lottery office to claim your prize.
The applicant must have completed a US High School education or a foreign equivalent of a US High School education. “High School education or its equivalent” means the successful completion of a twelve year course of elementary and secondary education in the United States of America or successful completion in another country of a formal course of elementary and secondary education comparable to completing a 12 year education in the USA. Passage of a high school equivalency examination is not sufficient. It is permissible to have completed one’s education in less than twelve years or greater than twelve years if the course of study completed is equivalent to a US High School education; or
Nowadays there is a plethora of websites to choose from and new companies offer online lottery ticket service every day. Due to the nature of this industry and the fact that newcomers are popping up all over, it is advisable to be diligent and check out the lottery ticket provider carefully before you decide to buy Powerball tickets online with them. This is easily done with a quick google search and an investment of 5 minutes on your part. Trust us, the five minutes is worth it to be sure that when/if you play Powerball online and win, you actually receive your jackpot winnings.