Why is the cash option always a different percentage of the annuity from draw to draw?
If you’re calculating what percentage the cash value is of the annuity, then you’re looking at it backwards. The cash value is the starting point, as it is a direct percentage of ticket sales. Then the annuity amount is calculated from that, based on prevailing interest rates. Since the interest rates are constantly changing, the annuity amount calculated on one day will be a different number than if it is calculated the next day. So when a drawing occurs and the lottery has to estimate the next annuity jackpot, they first estimate the number of tickets that will be sold for the next drawing, which determines what the cash value estimate is (because a fixed percentage of each ticket sold goes toward prizes). Then they finally calculate what the annuity will be based on the current interest rates.
Why is the Powerball jackpot that high so often?
Well, first off because it can never be lower than $20 million. Whenever the jackpot has been won, the top prize restarts at $20 million. When that happens, the Powerball jackpot starts going up by $10 to $20 million per draw. There are two draws per week. So it only takes two weeks until the jackpot breaks the $100 million barrier (unless someone wins the top prize, of course). Once that has happened, it usually increases by 10-15% after every draw.
If you can win the jackpot during these first few weeks you’re going to have a really large prize because you’re going to win millions. Even winning that very first week means you’re going to win a total of $20 million.
But what if you win the jackpot somewhere after that first drawing? Chances are if you win it will be later because this jackpot is rarely won when it’s down that low.
But it happens on a regular basis that the jackpot is not won over a period of eight to nine weeks. Then it will have reached $500 million or more and literally, everyone over 18 in the USA starts playing this lottery. The ball really gets rolling at that point.
It only takes one draw to go from $500 million to $1 billion or more. This is where everyone is going to want to start looking closer and you’re definitely part of that group as well.
Obviously, the higher jackpots get worldwide attention in the media. That includes the UK, and lotto fans from all over the world want to play Powerball online. This is the service that we provide. Not just for UK clients, but for every person of legal age who wants their chance to win the Powerball USA jackpot. So you can play Powerball online.
Big Lottery Service Winners
There are plenty of examples of people winning lotteries from different countries having used an online lottery service.
In May 2016 Matthias from Berlin won a staggering €22 million after betting on the outcome of Germany’s 6aus49 lottery. The 39-year-old IT consultant didn’t tell anyone for weeks as he couldn’t believe how much he had won. He’s now happily retired.
In February 2016, a winner from Cornwall, Ontario won US $1 million on Powerball using The Lotter, an online lottery messenger service. ‘P’ as he is known, was out watching his son play hockey when the draw happened only checking his numbers later that night to find out he was a winner. ‘P’ took the first flight out to New Jersey to collect his prize in person.
Back in 2012, two overseas players shared US $1.25 million won in the US, and in 2015, a player from Iraq claimed US $6.4 million on the Oregon Lottery. All three played using online lottery messenger services, and all three received the prize money they were entitled to — along with anonymity for the men from Iraq and Ontario.
If I should win the jackpot, do I have the option of remaining anonymous as far as the public and the media are concerned?
In most states, lottery winner information is public domain, therefore it is public information. Publicized information normally includes the jackpot winner’s name, city, county, game in which they won, date won, and the amount of the prize.
After you win the jackpot, we recommend seeking the professional guidance of a good lawyer and accountant to see if there are ways of maintaining as much privacy as possible — before contacting the lottery and/or claiming the prize, and possibly even before letting friends or family know. You may be tempted to yell to the rooftops in glee about your newfound fortune, but you will probably end up regretting that decision once the excitement of the win calms down, and you are left with a continuous stream of lawsuits and requests for money from those who want a piece of your win.
What is the Power Play?
The Power Play is an option that is currently offered in all states that sell Powerball tickets except California. For an extra $1.00 per ticket you can increase your non-jackpot prize winnings by 2, 3, 4, 5, or 10 times. (The 10 times Power Play is only available when the jackpot is $150 million or less.) The Power Play number is randomly drawn from a pool of multipliers that includes two 5X, three 4X, 13 3X, and 24 2X, plus one 10X when the jackpot is $150 million or less.
The Power Play is not available in California because the state law that requires all lottery prizes to be paid out on a pari-mutuel basis is not compatible with the fixed nature of Power Play payouts.
The Power Play multiplier number is chosen at random just before the Powerball winning numbers are drawn.
A player must choose the Power Play option when they buy their Powerball ticket, and then the ticket must match one of the 9 Ways to Win (except the jackpot) before the multiplier takes effect. Power Play costs an extra $1 per play. See How to Play Powerball for more information.
Types of Lottery Services
There are two types of online lottery services. The first is a messenger service which employs a specialist secure courier to buy the ticket on your behalf. A small fee is charged to buy the ticket but there are no commissions on any prizes whatsoever.
The second type of lottery service is where you bet on the outcome of the Powerball lottery. The odds, prizes and most importantly of all, the jackpot, are exactly the same. Large jackpots are covered by using sophisticated insurance models. The cost of the ticket is often exactly the same as the face value of the real Powerball ticket. Again, there are no commissions on any of your winnings. Whatever you win you get to keep all of it.
HOW TO PLAY POWERBALL:
Choose five different numbers from 1 to 69 and one Powerball number from 1 to 26
Place wagers by asking for a QUICK PICK or by using the Powerball playslip. Playslips are available at Wisconsin Lottery retailers.
Choose how many draws to play. Each ticket costs $2 per play per draw. Powerball can be played up to 8 draws (4 weeks) in advance.
Select the Power Play feature (an additional $1 per play) for a chance to multiply winnings.
Check playslip carefully before handing it to the retailer. POWERBALL TICKETS CANNOT BE CANCELLED.
Give completed playslip and cash to the retailer.
Receive, sign, and safeguard ticket. A ticket is needed to claim a prize. Playslips are not valid to claim a prize.
For each play, all six selected numbers are printed on one line of the ticket with the Powerball number printed to the right, under the word “POWER.”
Please click here for brochure.
Please click features and procedures for more details regarding this game.
Please click here for Powerball group rules.
HOW TO WIN POWERBALL:
|5 of 5 + Powerball||JACKPOT*||1:292,201,338|
|5 of 5||$1,000,000||1:11,688,054|
|4 of 5 + Powerball||$50,000||1:913,130|
|4 of 5||$100||1:36,526|
|3 of 5 + Powerball||$100||1:14,495|
|3 of 5||$7||1:580|
|2 of 5 + Powerball||$7||1:702|
|1 of 5 + Powerball||$4||1:92|
|0 of 5 + Powerball||$4||1:39|
|Drawings are Wednesday and Saturday at 9:59 p.m. Tickets must be purchased before 9 p.m. on Wednesday and Saturday to be included in that day’s drawing.|
Can non-US citizens play? What if a non-US citizen wins?
Yes, non-US citizens can legally play, and non-US citizens are eligible to win any prize offered in the game.
If a non-US citizen wins, they would claim their prize in the same manner that a US citizen would, but the taxes withheld would be different. For example, federal withholding for non-US citizens is a flat 30%. Also, individual states may have different tax structures for non-US citizens than they do for US citizens. Depending on which country the person is a legal resident of, there also may be tax treaties between the US and that other country which could be helpful in offsetting whatever the US tax liabilities are.
In short, non-US citizens can play and win Powerball. If a non-US citizen wins a large prize, they will be responsible for some amount of tax, which in the end will probably be an amount similar to what a US citizen would pay, but there are so many possible variations with international tax codes that you’ll need to consult with a local tax attorney if you need to know a precise amount of tax liability.