The main united states lottery

Best online lottery sites | legitimate lotteries online

If I live in a state that taxes prizes, but bought my ticket in a state with no tax on prizes, do I still need to pay state tax?

Yes, you do.  Think of lottery prizes as regular earned income from a job.  Just because you may work in a different state, that doesn’t permit you to get away with not paying state income tax in your state of residence.  The lottery works the same way.

Whether it’s income from a job or income from gambling, the state where the money is won will tax the prize first at their out-of-state tax rate (assuming the state taxes lottery winnings).  If your state of residence has the same or lower tax rate, then you won’t owe anything else.  But if your state has a higher rate, you will get a credit for what you paid in the other state, and pay the difference to your state.

If the other state has no tax, you just pay the entire tax bill to your state.

The net result is that you end up paying whichever tax rate is higher between your state of residence and the state where you purchased the ticket.  Of course, the tax law is quite complex and it’s possible that some condition or arrangement exists between the two states and a good tax attorney and/or accountant could discover a tax-saving loophole.  That’s why we always recommend that major prize winners do not make any major decisions before first hiring a good legal and financial team.

One other option to consider, depending on how much in taxes you’re looking to save: the residency requirements as they relate to prize claims, state taxes, and income reporting.  Since you aren’t responsible for paying taxes until you claim the prize, perhaps there is time to establish residency in the state where you purchased the ticket before the prize claim period expires.  However, that is something you would definitely need to explore with an attorney before taking any action to assess the feasibility.  You would also need to decide if it would be worth the risk of that important little piece of paper not getting lost, damaged, or destroyed in the time you spend arranging everything.

How To Play Powerball And The Prizes Offered

To play the Powerball Lottery, players first select 5 numbers from among 59 white balls and then select one red Powerball from among 35 balls. You can select your own numbers or have the computer pick them for you. If you match at least 3 out of the 5 white balls or match the red Powerball, you win a prize.Matching the Powerball alone, or matching one number plus the Powerball, wins you $4. 2 numbers plus the Powerball or 3 numbers with no Powerball wins you $7. 3 numbers plus the Powerball or 4 numbers without the Powerball gets you $100. 4 numbers plus the Powerball is worth $10,000. 5 numbers and no Powerball is worth a cool $1,000,000.  If you get all 5 numbers plus the Powerball, you have hit the jackpot!

Lottery Betting

Another way to participate in lotteries online is to bet on their outcome instead of actually taking part in official draws. Online lottery betting websites allow users to predict the outcome of official draws and if their numbers coincide with the winners of the actual draw, they get to take home the same cash value as the actual winners of the lottery.

Lottery betting online is quite controversial, as some people see it as a “fake” lottery. While there are some lottery scams here and there, reputable sites like Lottoland do give players the same experience as if it’s an actual draw. The odds are the same, the jackpot is the same, and the company is insured in the event of a grand prize winner. Some people actually prefer lottery betting websites compared to actual lottery draws because as mentioned above, some official draws are strict about players outside their jurisdiction. Since you’re dealing with the lottery betting company itself, not the actual lottery organization, you are not limited by jurisdictional issues.

Cómo jugar la Loto Powerball y los premios ofrecidos

Para jugar la Powerball, los jugadores primero deben seleccionar 5 números de entre 59 bolas blancas y un Powerball rojo de entre 35. Puedes elegir tus propios números o dejar que el ordenador lo haga por ti. Si coincides con al menos 3 de las 5 bolas blancas o con el Powerball rojo, ganas un premio.

Si coincides con el Powerball solo, o con un número más el Powerball, ganas $4, si coincides con 2 números más un el Powerball o 3 con tres numeros sin Powerball ganas $7, si coincides 3 números más un número Powerball o 4 sin el Powerball recibes $100, si pegas 4 números más el Powerball recibes $10.000, si pegas 5 números y el Powerball te llevas $1.000.000. Y Si pegas los 5 números más el Powerball, has dado en el clavo llevándote el gran jackpot acumulado al momento!

Take The Cash Now or Get A Lifetime Of Payments

Powerball offers jackpot winners two ways of being paid their winnings. You can either take a lump-sum payment now, or you can go for a lot more money by receiving it in 30 annual installments. Each installment is graduated to adjust for inflation, meaning that your huge payment in year 1 will continue to keep its value in the years to come.

Given that these payments per year are very often in excess of one million dollars, and the payments to come will be that big or bigger after inflation is accounted for, this is a very nice option. Talk about being set for life! Many winners choose the cash option though, and you can go off and invest it yourself that way, or do whatever you want with it.

If you do win, you will have to decide on which payment type you want to go with, but one thing is for sure, this will be by far the most pleasant decision you will ever make in your life. They do give you 60 days to choose, which will give you plenty of time to get the best professional advice out there, as well as do plenty of thinking and dreaming about what you will do with all this money.

Big Online Lottery Winners

Jenn Burston has always bought tickets to the EuroMillions online and on December 17, 2014, what was initially a £3,000 minor prize win turned into a whooping £3 million. On that draw, the jackpot prize was already capped, so when nobody won the grand prize, the money rolled over to secondary prize winners, giving Jenn and her husband an early Christmas present. Because they played the EuroMillions online they were able to see how much they won straight away.

Bill Laharty from Nanaimo BC is a regular user of PlayNow.com, a legit online lotto website. In August 13, 2016, his efforts finally paid off as he became the largest lottery winner in Canada after netting the $21 million jackpot of the Lotto 6/49. Laharty used his winnings not only to purchase himself a condo and a car, but to help out his family and friends.

WinTrillions, another lotto website, has had 191,835 winners to date. One of its most notable winners is Katie from Lancaster. Katie, who is a US citizen, missed playing lotteries from back home so she used WinTrillions.com to purchase tickets to the Mega Millions’s March 25, 2011 draw. Although she did not win the jackpot, she did take home the 2nd prize of $250,000 for matching 5 numbers.

Lottoland, a popular betting website, has had several lottery jackpot winners of its own. Its largest winner to date is Mathias from Germany who took home the €22 Million jackpot prize from the 6aus49 last April 30, 2016. According to Mathias, he uses the website because it allows him to bet on lotteries in a simple and easy manner.

How to Play

USA Powerball draws take place twice a week in Florida. They are held at 22:59 Eastern Time on Wednesdays and Saturdays — see the on this page for the draw schedule according to South Africa local time. To take part, you must select five main numbers between 1 and 69 and one Powerball number from 1 to 26. It costs $2 per board to play.

Playing from South Africa

Tickets are only available to buy from retailers in 45 states in the USA, plus the jurisdictions of Washington D.C., the U.S. Virgin Islands and Puerto Rico. However, you can also play online from South Africa and other countries by following the steps below:

  • Go to the Buy Tickets page and select USA Powerball
  • Choose your numbers or select a Quick Pick on as many boards as you want to play
  • Select whether to enter a single draw or multiple draws
  • Select ‘Add To Cart’ and pay for your purchase.

If it is your first time, you will be guided through how to set up an online account. Your numbers will be safely stored online and you will be notified automatically if you are a winner, with prizes paid straight into your account.

Power Play

When you buy a Powerball ticket, you can also add Power Play for an extra $1 per line. If you win any prize except the jackpot, it will be multiplied by 2x, 3x, 4x, 5x or 10x its original amount if you have selected the Power Play option. The multiplier is determined by a number that is randomly selected in the Power Play draw that takes place alongside the main game.

The 10x Power Play is not available once the jackpot exceeds $150 million. The second prize of $1 million is always doubled to $2 million regardless of which Power Play multiplier is in play.

The table below shows the odds of each Power Play multiplier being selected. The odds differ slightly depending on whether the 10x multiplier is available.

USA Powerball Power Play Odds
Multiplier Odds with 10x Odds without 10x
10x 1 in 43 N/A
5x 1 in 21.5 1 in 21
4x 1 in 14.33 1 in 14
3x 1 in 3.31 1 in 3.23
2x 1 in 1.79 1 in 1.75

Power Play may not always be available to players entering online from outside the USA.

The Powerball Jackpot Is Always Huge

Jackpots for the Powerball Lotto historically started out at $20 million, and although this is definitely a very nice chunk of change, recently they have ramped up the minimum to an even more exciting $40 million. So even before things get built up to some crazy numbers, as is often the case with this mega lottery, the lowest jackpot possible is already the kind that we want to line up for.Each time there isn’t a jackpot winner, the jackpot grows, often to a hundred million, two hundred million, and even three hundred million at times. I think that most of us would agree that even a minimum of 40 million dollars would be enough to have us living out all of our fantasies, but when it comes to lotteries, the bigger, the better. So if you are like most people and love bigger, this one is definitely for you.

What Is Powerball Ticket Price When Playing Online?

We do everything we can to maintain the prices as convenient as possible for you. However, you will notice that the cost of buying Powerball lottery tickets online on LottoSmile is slightly higher than the US price.

So, how much does a Powerball ticket costs online? On LottoSmile, every line of Powerball costs around $5 (₹ 375) and you can play only one line if this is what you want! The optional Powerplay would cost you $2.5 (₹ 188) more.

So why is there a difference between the price of Powerball tickets sold in the U.S. and those you can find online? The explanation is simple. This is the only commission online players pay for using our platform. It means that if you win, the whole amount will go straight to you, and we will not charge you anything.

How Much Did a Powerball Ticket Cost in the Past?

The price of Powerball tickets has slightly increased over the years, but the jackpot has also increased by millions. Before 2012, the price of a single Powerball line was $1, and the Powerplay option was not yet introduced. Currently, each line costs $2 and the Powerplay multiplier adds another $1 per line.

This price modification was designed to avoid confusion between the US Powerball vs the US Mega Millions, its direct competitor.

Share Your Opinion!

What do you think about the cost of a Powerball ticket? Is it an affordable option or do you wish it could be lower? Have you played this lottery with our discounts and offers?

Let us know what you think in the comments section below and don’t miss our US Powerball guide! We love to hear our users’ stories and personal experiences. Good luck in your next draw!

Оцените статью