The US Powerball jackpot reaches $1.3 Billion dollars

[sweetbet]

The largest Powerball jackpot in world history, and the draw will take place in a few days. Have you bought a ticket yet? I've purchased 3 tickets I have no idea what I'd do if I won. What would you do?

[Renee]

You can purchase tickets if you're not a US resident?

Can you link me up please?

[Casinorep]

The odds as of yesterday for winning is 1/178M, and I have a much much much much much higher chance of becoming super wealthy from being an igaming affiliate.

[sweetbet]

You can purchase tickets if you're not a US resident?

Can you link me up please?

Sure Renee

https://www.thelotter.com/

[universal4]

Most states don't allow you to purchase one legally unless you are present to purchase one.

Some states allow you them to be purchased for you by a friend or relative, but legally you can not pay for them or trade anything of value for them.

In other words you can not legally log in anywhere and pay to have someone else purchase them for you. Also most states do NOT allow the to be mailed.

http://www.flalottery.com/faq.do
https://www.law.cornell.edu/uscode/text/18/1302

Rick
Universal4

[ElaineGardiner]

Our office conversation this morning has been what we'd do if we had $1 billion and if we'd still work or not. I think i'd start my own company doing something that I loved. While being rich would be awesome, I think i'd miss having something to get up for in the morning (other than the chef preparing my breakfast!)

I'll def be buying a couple of tickets and keeping my fingers crossed.

On a side note, if you think you're players would be interested - our site Eurolotto.com have powerball tickets. As Rick said above you can't purchase actual tickets, but this is more of a bet on the outcome and the prize is still the same.

[JackTenSuited]

Is it really 1.3bn though? Maybe when you take yearly payments over 30 years but it seems a cheeky way of phrasing it as the lump payment is far less which is how much you really get....

Not to mention the taxes....

[universal4]

I think the lump sum is 800 plus million before taxes.

Rick
Universal4

[universal4]

So Elaine, are you saying that if a player picks the winning numbers for the powerball, you will pay them 800 million dollars even though they didn't have a winning ticket?

Rick
Universal4

[jiriprochazka]

I have not bought a ticket yet, but I'am thinking about it. It's a huge amount

[ElaineGardiner]

Hey Rick, in a word YES Well, the actual amount you’d get really depends on the amount of winners, eventual jackpot amount etc…please see a more detailed answer below!


The PowerBall offered at EuroLotto is a Bookmaker game based on the American “Powerball” lottery organised by the Multi-State Lottery Association (MUSL). The jackpot winnings payable by EuroLotto/the bookmaker will depend on the number of winning jackpot tickets announced by MUSL, the number of winning bets at EuroLotto and the payable Prize by the MUSL. It is intended that a player at EuroLotto, who chooses to bet on PowerBall is put in the same or in a better economic position as if they had played the underlying lottery.


So, if a EuroLotto player matches all 5 numbers + the powerball:
• The jackpot amount will be equal to the jackpot announced by the MUSL, less 35% withheld by the bookmaker. 35% is the approximate amount the US government impose on winning players in taxes.
• If a EuroLotto player has a winning bet; AND the MUSL announce a winner; EuroLotto will pay the sum the player would have received if he played and won the Powerball in the US (he would be one of two winners).
• As is common with the MUSL Powerball lottery, EuroLotto/the bookmaker also pays out Jackpot winnings over 30 years (the “Annuity Option”). The first payment will be made as soon as possible after the draw, with the next 29 payments at one-year intervals. The level of payments is calculated such that the payments rise 4% from year to year until the full sum has been paid out. The option to receive one lump sum (“Cash Option”) is not yet available at EuroLotto.
• For clarity; if a winning ticket is purchased in the US, players can choose to receive the full amount in 30 graduated annuity payments throughout 29 years, minus taxes; or receive approximately one-half the advertised prize amount in one lump payment, minus taxes.

I don't really want to de-rail this thread, so if you or anyone has any further questions, just pm me.

Fingers crossed everyone!

Elaine

[universal4]

So a winner would get 800 million, (approximate figures from the news last night) less 35% (net around 520 million) and then they would pay the taxes on that balance.

Interesting how one can win the lottery without buying a lottery ticket.

Rick
Universal4

[GPWA Aaron]

If you're going to buy them from overseas, buy them from the Oregon State Lottery.

http://www.nbcnews.com/news/us-news/...ackpot-n477441

(I am not a lawyer nor am I a lottery expert)

[Renee]

Most states don't allow you to purchase one legally unless you are present to purchase one.

Some states allow you them to be purchased for you by a friend or relative, but legally you can not pay for them or trade anything of value for them.

In other words you can not legally log in anywhere and pay to have someone else purchase them for you. Also most states do NOT allow the to be mailed.

http://www.flalottery.com/faq.do
https://www.law.cornell.edu/uscode/text/18/1302

Rick
Universal4

I thought that would be the case but it looks like the website sweetbet gave will go and purchase it for you and send you a copy of the ticket.

Sure Renee

https://www.thelotter.com/

Merci

I think the lump sum is 800 plus million before taxes.

Rick
Universal4

We were just discussing this in the office. That's a lot to be taken away, and then tax on top. Although what would be the difference between 20m per month and 50 mill per month. You'd still have no ******* idea what to do with most of it.

This is my favourite.

https://youtu.be/mDt76UwudZw

[Miles_FTA]

Jeeze what I could do with 0.01% of that ... i am not greedy too much money for one person that ...

[ElaineGardiner]

This is my favourite.

https://youtu.be/mDt76UwudZw

hahaha!!

[GPWA Aaron]

The jackpot is now up to $1.5 billion, in large part thanks to idiots like me. I e-mailed the players in my home poker game asking if everyone wanted to pool $5 each for tickets. Their response? Let's go for $20! Now I have to go buy $180 worth of tickets and make sure they all remember to pay me back ...

[Gambleri]

Yeah nobody's winning $1.3 billion. The cash amount you stand to win instantly is a little over $800 million which, after taxes, comes to less than $500 million. Still a lot of money, obviously, but a far cry from the advertised $1.3 billion.

[JackTenSuited]

Yeah nobody's winning $1.3 billion. The cash amount you stand to win instantly is a little over $800 million which, after taxes, comes to less than $500 million. Still a lot of money, obviously, but a far cry from the advertised $1.3 billion.

Yeah, seems pretty shoddy that the advertised jackpot isn't what you actually get as a lump sum but what it amounts to over 30 years.

[Gambleri]

Yeah, seems pretty shoddy that the advertised jackpot isn't what you actually get as a lump sum but what it amounts to over 30 years.

Any other business doing the same would be committing fraud. The government gives itself a pass, though.