The Powerball Lottery is one of the SUPER Lottery games played and one of the most widely supported by players because of its huge jackpot prizes. It is played in United Kingdom, United States, New Zealand, Australia, Greece and South Africa.
It is a double matrix game and it is this format which enables the player a chance to win such vast amounts of money. It is a shared pool jackpot game, and in the US it is coordinated by the Multi-State Lottery Association. The prizes are paid in the form of a 29 year annuity or in a present day value as cash. However if you think of the tax implications of accepting vast sums of gambling winnings for instant gratification, I would go for the annuity any day.
The beauty of the Powerball Lottery is that it can be played online. A site which offers lotto games from all over the world allows players from all over the world to buy tickets into anyone's lottery. Australians can by UK Powerball tickets, UK players can by South African Powerball tickets and so on. The Powerball Lottery features rollovers and the same growth factors which apply to most lotto games.
A Powerball Lottery ticket can be multiplied by paying extra and getting a Power Play option, and this game is the record holder for the single largest lotto prize ever awarded in the US.
This happened on the 18th February 2006 when a single ticket won the entire advertised $365 million jackpot. This ticket belonged to an eight person syndicate, and they opted to take the cash prize which was valued at a substantially lesser amount of $177,270,519.67 before taxes, of course this meant the sybdicate believed this to be one of the best online lottery games available. Effectively this group of idiots lost out on nearly $200 million, because they preferred instant gratification and paying the most tax, to accepting the full prize in the form of a 29 year annuity. Go figure - well I guess it takes all kinds???
|
