2 Power Play Prize Amount - A Power Play Match Five (5 + 0) prize is set at $2,000,000 regardless of the Power Play number selected. All other non-Grand prizes will be multiplied by the Power Play number selected.* Beginning with the October 7, 2015 drawing, prize tiers 3 - 9 will be multiplied by 2, 3, 4, 5 or 10 times when the Power Play feature is purchased.* The 10X Power Play multiplier will be available for drawings in which the initially advertised annuitized Grand Prize amount is $150 million or less. Click here to view the Power Play prize chart.
Buying lottery tickets for fun once in a while won’t break the bank. Playing with money you don’t have, or that you will need later on, however, is a recipe for disaster. For those who decide to play responsibly, the good news is that a portion of the money that goes towards state lotteries is used for education and children’s programs. The only responsible way to play the lottery is to do so occasionally for fun, without any expectation of winning. When it turns into something else, you know it’s time to stop.
One example of this was the Missouri Lottery's promotion in the daily Pick 3. Normally a player has a 1/1000 chance of winning a $600 prize, making a $1 ticket worth only $0.60. The promotion was to draw a second winning combination on one randomly selected day of the week. Originally, the drawing to determine whether the bonus would occur that day held six white balls and one orange, but on the last day of the week, all six white balls had been removed, leaving only the orange ball and ensuring a double drawing on the last day. [4] This doubled the value of tickets for that drawing and converted them from an expected 40 percent loss to a 20 percent gain. See table 1 below for how the expected value varied that week.
Find the expected value. This is a good idea for any lottery game you are considering playing. The expected value refers to the probability of any one outcome, assuming all outcomes are equally probable. Here, the expected value calculates the value of the ticket, if the game was set up fairly so that the revenue gained from the losing tickets would match the winners' profits.
Consider the tax implications. In the United States, gambling winnings are taxable, but gambling losses are only deductible to offset winnings. This legal asymmetry may affect the math. The double draw promotion that resulted in a 20 percent player advantage before tax considerations is only profitable after taxes, provided the player can purchase the hundreds of tickets required to cover a significant fraction of the 1000 outcomes.
Lotteries have often been called a “tax on the poor,” and for good reason. The majority of lottery ticket buyers are in the lower income tax brackets. Often less educated about finances and less likely to save money for retirement, these lottery players don’t view the expense of a few lottery tickets as a major cash outlay. However, this couldn’t be further from the truth. In the long run, spending money on tickets that never win costs players more than just the face value of the tickets and prevents many people from ever getting out of debt.
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The minute you realize you have all the numbers, you’re ecstatic. But make absolutely sure that what you’re celebrating is real. Check the numbers again. And again. Verify the numbers on the website, and check again that your ticket has the same numbers and the correct drawing date. Avoid embarrassment and disappointment by, before anything else, making sure you are truly the winner of the Jackpot.


To illustrate this point, let’s say an average lottery player spends $5 per week on Powerball tickets. That’s $20 each month or $240 spent on lottery tickets every year. This person buys lottery tickets every month of every year for 25 years, as my grandfather did throughout his adult life. The amount spent on lottery tickets over a lifetime is $6,000, which surely could have been put to better use. Instead, that $6,000 disappeared, and never won any jackpot big enough to cover the player’s expenses.
While lottery winners do not have to have an attorney to claim their tickets, having an experienced attorney representing you will help you avoid mistakes you will later regret as they significantly affect your fortune. And having a legal team taking each step with you can help you walk through this extremely daunting process with excitement rather than fear and worry.
To illustrate this point, let’s say an average lottery player spends $5 per week on Powerball tickets. That’s $20 each month or $240 spent on lottery tickets every year. This person buys lottery tickets every month of every year for 25 years, as my grandfather did throughout his adult life. The amount spent on lottery tickets over a lifetime is $6,000, which surely could have been put to better use. Instead, that $6,000 disappeared, and never won any jackpot big enough to cover the player’s expenses.
This article focuses on the Powerball lottery, the largest lottery in the United States. Available in 42 states, Washington D.C., and the U.S. Virgin Islands, Powerball always has a jackpot of at least $20 million and has drawings twice a week. It is made up of five sets of 59 numerical white balls and one set of 39 red “Powerballs,” which make up the winning number combinations for each drawing.

Where Did Lottery Win?


Consider the tax implications. In the United States, gambling winnings are taxable, but gambling losses are only deductible to offset winnings. This legal asymmetry may affect the math. The double draw promotion that resulted in a 20 percent player advantage before tax considerations is only profitable after taxes, provided the player can purchase the hundreds of tickets required to cover a significant fraction of the 1000 outcomes.
If you are a Jackpot winner in a state that requires your name be publicized, or if you choose to be known as a winner, or if your secret gets out unintentionally, the world will be waiting to meet its newest multimillionaire. Some people will simply be curious, while others will seek a cut of your fortune. Solicitors and the media will seek out your home, your workplace, and your friends and family. While this will not last long, you should leave town with your loved ones for a few days so that you can celebrate your life-changing event in private. Before you go, ask your attorney or spokesperson to handle any questions for you in your absence.
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