American lotteries
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Everything is also simple. The main are Powerball and Mega Millions lotteries. The ticket price is from 5 to 7 dollars depending on intermediary. Draws take place 2 times a week and jackpots regularly exceed $ 100 million. Record win at Mega Millions, the world’s largest lottery, totaled $ 1 billion 600 million! The American Powerball jackpot is slightly less – $ 1 billion 580 million. The chances of winning Mega Millions’ jackpot are higher, but each Powerball win is 2 times larger. Situation with taxes is more complicated. You will have to pay 2 taxes just in the USA plus 1 tax at the place of residence:
- USA Federal tax is 39.6%
- State tax is 0 – 14%
What is the Power Play Multiplier?
When you play the Powerball online from India, you also have the option to add a multiplier to your ticket. Depending on the drawn multiplier number and on the amount of the jackpot, the Power Play can boost the value of secondary prizes by 2, 3, 4, 5 or even 10 times. The 10x multiplier is added to the mix only when the jackpot is lower than $150 million.
The second tier prize is always worth $2,000,000 for Power Play tickets, no matter the value of the multiplier for the respective draw. But, all the lower tier prizes multiply by 2, 3, 4, 5 or even 10 times, depending on the drawn Power Play number. Note that the Power Play option does not apply to the jackpot. You want to understand the value of the Power Play? Imagine the following scenario:
General information about US lotteries
In the US, the lottery is not just a popular opportunity to "tickle" your nerves and give you an adrenaline rush, this is a real national idea. The lucky ones are found every year, guessing 3 or 5 dropped random numbers, who become multimillionaires overnight.
There are two types of US lottery:
- Interstate. A large number of states participate in the draw. Any American can buy a ticket and a chance to win. Of this category, the most famous are Megamillions (Megamillions) and Powerball (Powerball)
- Regional - state lotteries. The most famous lately are Super Lotto Plus, which takes place in California, Superlotto in Florida, Mega Buks Oregon
Also, the United States has an inherently unprecedented lottery, allowing a resident of another country to obtain American citizenship as a prize. The drawing takes place annually, after which the winners receive a green card. Green card is a residence permit, allowing you to live and work in America. For, to participate in the lottery, necessary:
- Fill out your application form on the official website in the fall
- In spring, check the result by individual number
- The winners collect the necessary documents and are interviewed at the visa center
- If approved, they are given six months to, to move to the country
Statistics show that, that at the interview stage almost 50% job seekers, however, even in spite of this, every year on winning numbers enter America up to 50 thousands of people.
American lottery, unlike some other countries, always involves paying tax in case of winning. Its size varies by state and is established by law, whereas, eg, in Europe, most countries do not have such an article of taxation.
Also in the USA there is a specific system for issuing winnings, large amounts can be obtained in two ways:
- A certain amount immediately after deducting tax interest (it differs from state to state and can be quite large, reaching 50-70% on the size of the win)
- All winnings in equal parts over a number of years (most often from 26 to 30)
watch the drawing
Lotteries in the United States
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.
Gambling as a generalization has roots in the United States and other English colonies as far back as the 1600s. Not every colony allowed gambling, however. The Massachusetts Bay Colony, for example, did not allow cards, dice or gaming tables, even in private residences. In most colonies however, gambling was seen as a harmless distraction as long as it was played in a gentlemanly manner.
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.
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.
International lottery online service evaluation criteria
Please refer to the ranking of the most popular and trustworthy websites representing the European popular lotteries online, as well as many other famous lotteries in the world. We have identified the most important features of the resources presented that can guarantee legal access to the national lottery of any state, which in turn will help to choose an international online lottery operator.
List of evaluation criteria of the international lottery site:
- World lotteries available by country and region
- Payment methods for lottery tickets and withdrawal of winnings
- Bonuses for participating in foreign lottery draws
- Scanned copy of the lottery ticket in the player’s personal profile
- Language versions available of the lottery concierge website
Each online lottery service published in our ranking has its advantages and disadvantages, but at the same time, all the resources presented have high reliability to guarantee the legal possibility to remotely play the most popular world lotteries online.
Latest News about the US Powerball
Starting from April 8, 2020, some temporary measures were put in place by the US Powerball as to continue offering its regular draws, and most importantly to be able to continue sustaining good causes. Therefore, there are no more minimum jackpot nor a minimum amount for the rollovers. The rollovers are now influenced by game sales and interest rates.
The last Jackpot to date was scooped by a player from New York who matched the winning numbers 10-17-31-51-53 and the
Powerball 01 for the draw on September 16. This win amounted to $94 Million! Before that, a
beautiful $169 Million jackpot was scooped on August 12, by a lucky player from Florida who matched the 5 main numbers 02-06-18-36-37 and the Powerball 21.
The Powerball lottery made a good number of millionaires in 2019, delivering some jaw-dropping jackpots. The last one, worth $150 million, was scooped on November 2, 2019 by a lucky ticket holder from California. Before that, on September 21, 2019, Phillip Chippewa, a 54-year-old grandfather from Michigan, came forward to claim a $80 million jackpot. David Yax of North Evans was the sole winner of another $80 million jackpot Powerball displayed on the draw of September 4, 2019.
What Is a Lottery Syndicate?
A lottery syndicate is a group of people that split the cost of a lottery ticket and all its potential winnings.
This makes playing the lottery cheaper and increases your chances of winning, though the winnings will be smaller.
For instance, say one lottery ticket costs $10.
A lottery syndicate of 300 people might buy 10 lottery tickets per day.
Over the course of the month, this adds up to 300 lottery tickets for $10 per person.
This gives every individual in the syndicate 300 chances to win for only $10.
On the other hand, if one of the syndicate’s ticket happens to win $15,000,000, each member of the syndicate will only receive $50,000.
Most of the best online lottery sites offer a predefined or a custom lottery syndicate option.
All About the US Powerball Jackpot
The US Powerball jackpot used to start at $40,000,000. This rule was temporarily changed due to the crises caused by the global corona virus pandemic. Since April 8th, guaranteed starting jackpot amounts and minimum jackpot increases have been eliminated. The rules to win the jackpot remain the same: you have to get all five of the main numbers, as well as the Powerball number. Every time there is no jackpot winner, the top prize rolls over to the next draw. If previously, there was a minimum of $10 million added to the jackpot, now the top prize is calculated based on game sales and interest rates.
Foreign lotteries rules for playing through an intermediary
- The intermediary company has special software that collects all ticket providers and current customer orders into 1 system.
- The reseller receives daily ticket orders from intermediary’s customers.
- He copies every order from the program, enters customers’ numbers into his lottery terminal and receives a ticket.
- Then he scans the tickets and loads pictures into the program. The originals are put in a safe.
- Tickets’ scans are automatically sent to customers.
- After the draw, the distributor cashes the winnings and transfers it via bank payment to the intermediary company. And intermediary distributes winning to customers.
- For its services, the distributor receives about 10 cents per ticket, plus 10-20% from lottery organizer.
- The intermediary company, on whose website you can place an order, earns on reselling tickets 2-3 times more expensive. But they do not take commissions from the amount of the gain and bear the costs of organizing the entire process.
Advantages
- A very expensive license (usually from the British Gaming Commission) guarantees honest game for all participants.
- All winnings, including the jackpot, will be transferred to the player’s bank account (no need to go to the country of the lottery drawing).
Businessmen from Europe and USA understood a long time ago, that working honestly can earn more in the medium and long term.
