Other than in and Texas , a jackpot winner has 60 days from either the drawing, or in some jurisdictions, right after claiming, to decide on money or annuity. The relative value of actual money jackpot share fluctuates. Jackpots started at $15 million the corresponding cash value fluctuates based on interest rates. If a jackpot prize is not claime… Read More

But, as Chen explains in this Rutgers blog post, there are no numbers or combinations of numbers that give you a much better possibility at the Powerball jackpot. The Powerball jackpot for Saturday’s drawing— potentially the fifth largest in U.S lottery history has jumped to an estimated $825 million with a cash solution of $410.two million. Ot… Read More

The lucky numbers from the Saturday evening drawing have been 15, 30, 47, 50, 51 with Powerball three. The jackpot was last won on Nov. 7 when a lottery player in Pennsylvania won a world record $2.04 billion. Powerball players – your opportunity at winning “Who Wants to Be a Billionaire” continues for a further round.Powerball's top prize ra… Read More

In spite of the poor odds, lotteries remain extremely popular among Americans, with the amount spent on lottery tickets each year varying extensively from state to state. Beyond that, winning the lottery is typically not as glamorous as it may possibly seem, as numerous winners end up struggling to uncover meaning, get taken advantage of by other p… Read More

In terms of the taxes that a player owes immediately after winning their prize, all Mega Millions awards are topic to income taxes. Notably, the Maine State Lottery withholds federal and state taxes at 24% and 7.15% respectively on prizes higher than $5,000. IRS form W-2G is also mailed to winners in January for any claimed awards of $600 or far mo… Read More