![]() The larger pool of players means jackpots roll over to higher numbers faster, which tends to increase the buzz about the jackpots which increases sales. Powerball and Mega Millions games are seeing jackpots grow faster and higher in part because the states that play both games agreed in 2010 to sell to one another.īoth games are now played in 42 states, Washington, D.C., and the Virgin Islands. A New York City winner would pay more than 12 per cent since the state takes 8.97 per cent and the city keeps 3.6 per cent. There's no withholding in states without a state income tax such as Delaware, Pennsylvania, South Dakota, and Texas. Most states withhold between 5 per cent and 7 per cent. The federal government keeps 25 per cent of the jackpot for federal taxes. Some states designate specific expenditures such as education, while others deposit the money in their general fund to help supplement tax revenue. Of the $2 cost of a Powerball ticket, $1 goes to the prizes and the other dollar is kept by the state lottery organization, said Lingle, who also is executive director of the South Dakota Lottery.Īfter administrative overhead is paid, the remaining amount goes to that state's beneficiary programs. ‘High jackpots certainly help the lottery achieve those goals.’ ‘The purpose for the lottery is to generate revenue for the respective states and their beneficiary programs,’ said Norm Lingle, chairman of the Powerball Game Group. The bad side of that is, however, that the more people who buy tickets the less chance you will have no matter what. That is the only piece of his advice that is truly backed up by science, as the only way to actually increase your likelihood of winning is by buying more tickets. Once you've decided on the lucky numbers, buy as many tickets as you can afford. In doing so, it is important to make sure that those numbers have not been chosen by other previous winning jackpots. ![]() Lustig says that you should decide to pick your own ticket numbers rather than letting the computer generate combinations for you. He suggests that would-be winners do some legwork before heading to their nearest bodega. Seven-time lottery winner Richard Lustig told Good Morning America that there are some makeshift tips for increasing your chances of taking home the jackpot. That remains the largest lottery payout of all time That happened in the Mega Millions drawing in March, when three ticket buyers shared a $656 million jackpot. If one ticket hit the right numbers, chances are good that multiple ones would, according to some experts. The jackpot had already rolled over 16 consecutive times without a winner, but Powerball officials said they now believe there was a 75 per cent chance the winning combination would be drawn this time. In total, more than 189 million tickets were been sold for the jackpot that surpassed half a billion-dollars, which is more than double the number sold for last Saturday's $325million jackpot that nobody won.Īn estimated 90 percent of the tickets sold were quick picks in which the players allowed computers to pick the numbers, adding an extra element of randomness to the number choices. Massive payout: The jackpot is the second-largest lottery prize in US history, second only to the $656million Mega Millions drawing in March ![]()
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