The American Powerball,known as "Lotto America" made it debut way back in 1988, which makes it one of the oldest Lottery games around today. In 1992 they changed the name to the Powerball lottery, with the first official Powerball draw being held on April 19th, 1992. The game has grown and evolved over the years now totalling 44 States and various changes being applied to the ball and prize structure from the game back in 1988. These include a change in the annuity prize payments from 20 yearly payments to 30, and the addition of a cash option for the jackpot as the jackpot is massive averaging around $100 million.
Other winners in excess of $250 million: On December 25, 2002, Jack Whittaker, president of a construction firm in Putnam County, West Virginia, won $314.9 million ($428 million today), then a new record for a single ticket in an American lottery. Whittaker chose the cash option of $170 million, receiving approximately $83 million after West Virginia and Federal withholdings.
In 1998, Florida was given permission by its government to participate in a multi-state game. It was set to offer Powerball; but in early 1999, new governor Jeb Bush prevented Florida from joining since he believed Powerball would hurt the existing Florida Lottery games. In 2008, Governor Charlie Crist finally allowed Florida to join MUSL, on Jan 4, 2009.
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.
Thanks to Giant Lottos, you don’t have to live in the US to play in the USA Mega Millions. Just purchase your USA Mega Millions tickets online at Giant Lottos, choose 5 numbers between 1 and 70 and 1 Mega Number between 1 and 25, and if you match all 6, you’ll be an instant winner! The USA Mega Millions is drawn twice a week on Tuesdays and Fridays, which gives you two chances every week to hit the jackpot.
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.
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The US Powerball lottery features nine prize divisions; players need five winning numbers from a drum of 1-69 and the Powerball to win the jackpot prize. The Powerball is an additional number, chosen from a separate drum of 1-26. Matching the Powerball will also give you access to the 3rd, 5th, 7th, 8th, and 9th prize categories, which means that even if you match only the Powerball number, you still get a prize. Even without a Powerball match, correctly guessing five main numbers would net you a $1 million prize, or $2 million if you use the Power Play! The Power Play is offered by the US Powerball for an additional cost and multiplies the seven bottom prize divisions by 2 to 10 times! Check more lottery results online with theLotter!
The two different methods, both offer you, the player, the same user experience and the only difference is in the back end of how the online lottery ticket provider works. The two methods that online lottery sites use differ in one key way; They either have agents and employees all over the world that physically purchase tickets on behalf of clients or, the more recent phenomenon is when companies essentially take out an insurance policy on every ticket which is tied to the size of the jackpot. This is the difference between you playing the lottery online and betting on the lottery online*. In the latter option you are, de facto, not playing the US Powerball online but rather you are placing a bet with an insurance company on the outcome of the corresponding Powerball draw.