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€38.4 million (US$49.7 million) was the largest jackpot in the Netherlands draw of the Staatsloterij (State Lottery) in May 2013. €30,009,676 (US$31 million) was the largest jackpot in France's SuperLoto, won in May 2006 by two tickets.
In gambling terminology lottery payouts are the equivalent of RTP (Returns To Players). A lottery operator's gross margin is 100% minus RTP. In the US, large lottery winnings generally are advertised as an annuity amount, paid in 20 or more installments; in most cases, a cash option is available. The cash option in the US can be 40–60% of the ...
Largest Jackpot: $363 Million, (two-state lottery win shared with Illinois, 2000) Prizes Paid: $1.4 billion. Ticket Sales: $2.38 billion. State Profit From Sales: $702 million. Government Use: K ...
Missouri previously offered Lucky for Life from 2015 to April 8, 2021; it is the only state lottery to offer both "lifetime payout" draw games, although not simultaneously. New Jersey† June 13, 2014 Serves as the flagship lottery for Cash4Life. New York† June 13, 2014 Replaced Sweet Million. Pennsylvania: April 7, 2015 Tennessee: November 1 ...
Given that nobody has taken down the jackpots to either multi-state lottery in some time, the jackpots have risen accordingly. July 17’s Powerball draw is paying out a whopping $900 million to a ...
Federal and state taxes. Understanding payout options. When you win a top prize with the lottery, you may have two choices for payout: a lump sum or an annuity option. ... See your state lottery ...
On October 13, 2009, the Mega Millions consortium and Multi-State Lottery Association (MUSL) reached an agreement in principle to cross-sell Mega Millions and Powerball in American lottery jurisdictions, with the two groups referred to as the "Mega Power Lottery" [11] by many users. The expansion occurred on January 31, 2010, as 23 Powerball ...
Depending on which state you win in and what lottery game you play, the payout options will vary. Powerball offers winners a lump-sum payout or an annuity option where the payout would be ...