Did you know the US lottery draws 6 times the value of the Playboy Mansion? Keep reading!
The US Powerball lottery is offering one of the biggest jackpots in history. The jackpot amounts to 750 million dollars, an amount that far exceeds the 100 million dollars that Hugh Helfner paid to be able to spend his last years of life in the Playboy mansion.
Powerball was founded in 1988 under the name of Lotto America and since its creation it has awarded various prizes with exorbitant amounts. On March 27, 2019, it delivered 768.4 million dollars to a single ticket and on January 3, 2016, it distributed 1,586 million dollars among three participants. This lottery prize is considered the most important to date.
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PlayBoy Mansion – What is Powerball?
Powerball is one of the most recognized lotteries in the United States worldwide. It is played in most states of the country; except for Utah, Nevada, Alaska and Alabama. It is also available in Puerto Rico and the Virgin Islands, but not in Hawaii.
PlayBoy Mansion – Who can participate in Powerball?
US law does not prohibit foreign nationals from participating in lottery drawings. Therefore, anyone of legal age can play Powerball. In almost all jurisdictions in the United States, the age of majority is 18 years. However, in Nebraska you are required to be 19 years old to participate in gambling; and in Iowa, Arizona and Louisiana 21 years are required.
Those who do not reside in the United States or live in states that do not participate in this lottery can play safely through the messaging service of the Mexican platform theLotter and receive their official ticket scanned. This site does not charge commissions.
PlayBoy Mansion – How to play Powerball?
The Powerball lottery is very simple. Participants must manually choose numbers for 6 balls. In the first 5, the numbers range from 1 to 69. In the remaining ball called Powerball, you can choose from 1 to 26. If the player prefers to leave everything to chance, they can select the “Quickpick” option that will randomly assign 6 numbers.
PlayBoy Mansion – How much is the lottery ticket?
The Powerball ticket has a ridiculous price. It only costs 2 dollars. Since October 2015, players can add an extra $1 for Power Play, an option that allows the prize amount to be multiplied up to ten times. It should be noted that this option does not apply to the Grand Prix.
In the jurisdictions of Florida, Maryland, Missouri, Pennsylvania, South Dakota, Michigan, Indiana, Colorado, Tennessee, New Jersey, Washington, Michigan and South Carolina, participants also have the ability to play Double Play for an additional $1 . This parallel draw offers a prize of 10 million dollars.
The Powerball lottery ticket can be paid with a VISA or Mastercard. TheLotter platform also accepts Paysafecard, Skrill and Neteller, among other popular payment methods in Latin America.
PlayBoy Mansion – What prizes are up for grabs?
Participants can win 9 prizes. The Powerball Grand Prize is a progressive jackpot. This means that it increases to the extent that the participants do not match all the numbers and the Powerball. Therefore, as long as the prize remains vacant, it will continue to grow. It is estimated that it will soon amount to 1,000 million dollars.
The other 8 prizes have fixed amounts. Those who match 5 numbers win $1,000,000 and those who match 4 numbers plus the Powerball win $50,000. The rest of the prizes are smaller.
There is 100 dollars for those who get 4 numbers or 3 numbers plus the Powerball; and 7 dollars for those who have 3 numbers or 2 numbers plus the Powerball. Players who match a number plus the Powerball or just the Powerball receive $4.
PlayBoy Mansion – Is the prize taxable?
According to current regulations, in the United States all lottery prizes that exceed 600 dollars must be declared in the Treasury. On the amounts that exceed 5,000 dollars, the federal tax of 25% falls.
There are some states that apply additional local taxes. For example, in New York, winners must pay an extra 3.8% in municipal tax. Players residing abroad must pay taxes in accordance with the applicable law in their domiciles.
PlayBoy Mansion – When are the Powerball drawings held?
Three weekly Powerball lottery drawings are held. They take place on Mondays, Wednesdays and Saturdays; at 10:59 p.m. The numbers that came out and the number of people who won each prize are displayed on the official Powerball page.
PlayBoy Mansion – How long do winners have to claim their prizes?
Lucky winners must claim their prizes within the time frame established by the state in which the tickets were purchased. This period ranges between 180 and 365 days in different jurisdictions.
PlayBoy Mansion – How do Powerball winners get their prize?
The form of payment depends on the value of the prize. Prizes of $600 or less may be claimed directly in the jurisdiction where the ticket was purchased. On the other hand, those that exceed that amount can only be requested in some lottery offices authorized for the payment of large prizes.
According to the National Fund for Financial Education, 70% of lottery winners lose their money because they don’t know how to manage it. In fact, many of them have filed for bankruptcy a few years after making millions of dollars.
To prevent this from happening to participants, Powerball offers the jackpot winner two different cashout options. You can choose to pay your prize in full in cash or pay it in installments. If you choose to split it, you will receive 30 annual payments that increase by 5% over 29 years.
The one-time payment is perfect for people who are financially savvy and want to invest the prize for long-term benefits. Fractionation is the most suitable option for those who do not know how to handle large volumes of money and are at risk of wasting funds.