Why Powerball – Mega Millions Jackpots Can Be Won With a Single Ticket
Why Powerball
If you’re a powerball or mega millions fan, you know that the jackpots on these two lotteries are huge. In May 2016, a ticket sold in Illinois won a jackpot of $1.337 billion, a prize that would last for nearly a century. But did you know that you don’t need to travel to win a Mega Millions jackpot? In fact, you can win it with a single ticket if you live in one of the state’s five states.
Mega Millions and Powerball are similar games, with the same basic rules and payout amounts. In both games, the winner must match all five main numbers, plus one additional number. There are also secondary prizes for partial matches. The jackpot amount is determined by interest rates and sales of the game, and is announced prior to each drawing. Both lotteries are known for awarding huge jackpots, but Mega Millions holds the record.
Powerball is a multi-state game that offers nine ways to win cash prizes. If you don’t match all five numbers, you can play the Powerball instead. A single ticket costs $2, while a combination of five numbers and the Powerball costs $3. Powerball tickets are sold at retail stores, and the lottery website allows you to buy tickets for future drawings. You can also purchase tickets in Lottery Vending Machines.
Why Powerball – Mega Millions Jackpots Can Be Won With a Single Ticket
In the past, lottery winners have used their winnings to pay off debts and buy vacation homes. In some cases, they have purchased these homes for themselves or their families. One of Pagliarini’s lottery clients spent her winnings on a luxurious home in Malibu overlooking the Pacific Ocean.
Mega Millions has also had some huge jackpots in recent years. In March 2007, the jackpot was at $390 million and was won by a single player from South Carolina. The current jackpot of $656 million would make it the fourth-largest lottery prize in U.S. history.
When a jackpot winner chooses the Megaplier option, they can choose between a cash option and an annuity payout. With the annuity option, the prize is paid in 30 graduated payments over 29 years. Each year, the payments will increase by 5%.
In the case of Mega Millions, a winning ticket has to be redeemed within 90 days or a year from the time the ticket was bought. The winnings have to be claimed within the state where the ticket was bought. It’s important to remember that the jackpot amounts are based on game sales and interest rates. The jackpot amounts are announced before each drawing.
The jackpots on both Mega Millions and Powerball are very similar in size. On one side, Mega Millions has a $768 million jackpot and the Powerball has a $631.1 million jackpot. Powerball has the highest jackpot, followed by the Mega Millions.