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9 mentions found


☆ Powerball hits $1.3 billion. Most people still buy tickets in person, but more lottery apps emerge
  + stars: | 2024-04-05 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +2 min
Justin Sullivan | GettyThe growth of 'lottery couriers'U.S. lottery sales exceeded $113.3 billion in 2023, according to the North American Association of State and Provincial Lotteries. With varying state and provincial regulations, players have different purchase options, such as in-person or online sales, depending on where they live. One option is lottery-courier services, which accept orders and buy lottery tickets on a customer's behalf. Mike Silveira Chief of staff for Jackpot.comPlayers can use Jackpot.com to order state lottery tickets via mobile phone, tablet or computer. He said the state has roughly $5 billion of in-person lottery sales yearly across 10,000 retailers and about $1 billion in online sales.
Persons: Justin Sullivan, Mike Silveira, Jackpot.com, Silveira, DraftKings, Drew Svitko, Svitko Organizations: North American Association of State, Provincial, Lottery, Jackpot.com, Pennsylvania Lottery, New Jersey, Mega Locations: Arkansas , Ohio , Massachusetts, New York, Texas, Jackpocket, Pennsylvania, New
☆ 10 ways lottery winners spend their prize money, from splurging on mansions and vintage cars to paying off student debt
  + stars: | 2023-10-31 | by ( Kylie Kirschner | Aaron Mok | Read More | ) www.businessinsider.com   time to read: +1 min
The odds of winning a Powerball grand prize are 1 in 292 million. AdvertisementAdvertisementIt's common knowledge that the odds of winning big in the lottery are incredibly low. The chances of winning a Powerball grand prize are about 1 in 292 million, and about 1 in 302 million for a Mega Millions grand prize. The biggest Powerball jackpot to date was a $2.04 billion prize, won in California in November 2022. From multi-million dollar homes to medical bills, here's how lottery winners are spending their cash prizes.
Persons: they'd, they've Organizations: North American Association of State, Provincial Locations: California
☆ There's a reason why these Powerball jackpots keep getting so massive. You're paying for it.
  + stars: | 2023-10-04 | by ( Erin Snodgrass | ) www.businessinsider.com   time to read: +4 min
The Powerball jackpot has surpassed the billion dollar mark for the second time this year. AdvertisementAdvertisementThe Powerball jackpot has surpassed the billion mark for the second time this year with a near-record $1.2 billion prize up for grabs in Wednesday night's drawing. It comes amid a recent wave of historic and increasingly large lottery prizes that have captured the nation's attention and spare change. In November 2022, a California winner scored the biggest lottery prize in history with a $2.04 billion Powerball ticket. Even though the odds of winning the Powerball jackpot are 1 in 292 million, Americans continue to throw their money at the game.
Persons: —, There's, Akshay Khanna, Khanna, there's Organizations: Service, Powerball, North American Association of State, Provincial Locations: California
☆ The Powerball jackpot is huge, but here are 3 better ways to increase your wealth
  + stars: | 2023-10-03 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +3 min
To be sure, here’s nothing wrong with fantasizing about winning the grand prize, or dropping $5 to $10 to buy lottery tickets or scratch-offs on occasion. In fact, Americans spent nearly $108 billion on lottery tickets last year, according to the North American Association of State and Provincial Lotteries. If that’s the case for you, why not spend most of your lottery money on experiences you know you like doing now. Make money off your lottery moneyOverall, your odds of winning a Powerball prize of any amount are 1 in 24.9, the lottery says. Think of it this way: Let’s say you spend $35 a week on lottery tickets ($1,820 a year).
Persons: you’d, ”, Tiffany Aliche, ” Aliche, — CNN’s Chris Isidore Organizations: New York CNN, North American Association of State, Provincial, TheBudgetnista.com, Richer Academy Locations: New York
☆ Mega Millions jackpot hits $1.25 billion. Here’s how it benefits the government
  + stars: | 2023-08-03 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +2 min
The Mega Millions jackpot grew to $1.25 billion on August 3, 2023. Justin Sullivan | Getty ImagesAfter months of no winners, the Mega Millions jackpot has grown to an estimated $1.25 billion this week, the fourth-largest prize in the game's history. The next Mega Millions drawing is Friday at 11 p.m. Lottery revenue isn't as consistent as income tax revenue, which may cause program funding shortfalls. Federal tax bill on a $1.25B Mega Millions jackpotThe federal government receives a sizable chunk of revenue after the lottery announces a winner because there's a mandatory 24% federal withholding.
Persons: Justin Sullivan, there's, Aravind Boddupalli, Boddupalli Organizations: Mega, Brookings Tax, North American Association of State, Provincial, Tax, Tax Foundation Locations: Federal
☆ Powerball is fun, but here are 3 better ways to increase your wealth
  + stars: | 2023-07-19 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +3 min
New York CNN —There are zero things wrong with fantasizing about winning tonight’s billion-dollar Powerball jackpot drawing. And dropping $5 to $10 to buy lottery tickets or scratch-offs on occasion can be considered entertainment spending. Yet Americans spent nearly $108 billion on lottery tickets last year, according to the North American Association of State and Provincial Lotteries. If that’s the case for you, why not spend most of your lottery money on experiences you know you like doing now. Think of it this way: Let’s say you spend $35 a week on lottery tickets ($1,820 a year).
Persons: ”, Tiffany Aliche, ” Aliche, — CNN’s Chris Isidore Organizations: New, New York CNN, North American Association of State, Provincial, TheBudgetnista.com, Richer Academy Locations: New York
☆ Why these five states don’t sell lottery tickets
  + stars: | 2022-11-09 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +4 min
Since 1964, when New Hampshire became the first to offer a state lottery, 44 states have started their own or joined multi-state jackpots. More than 200,000 retail stores and other outlets in the United States sell lottery tickets. That’s because when one state adds a lottery, people often flood across state lines to buy tickets. Recently, states that have adopted lotteries have emphasized that sales from tickets will go to social programs. The people likeliest to buy tickets are often the same ones who most rely on these government programs, he said.
☆ The Powerball jackpot just hit a record $1.9 billion. Here's why people believe they'll win — even when the odds are 1 in 292 million.
  + stars: | 2022-11-07 | by ( Aria Bendix | Morgan Mcfall-Johnsen | ) www.businessinsider.com   time to read: +1 min
The $1.9 billion Powerball jackpot is the largest in history, with the next drawing Monday night. Players are more likely to get killed by fireworks than win the prize, but they still purchase tickets. The Powerball jackpot soared to an all-time high after no winners were declared in three recent drawings. Those who enter have about a 1 in 292.2 million chance of taking home the prize, according to Powerball. While it may seem silly to think that we could actually win the lottery, Americans are quite fond of throwing their hat in the ring.
☆ Here's why people believe they'll win the record $1.5 billion Powerball jackpot — even when the odds are 1 in 292 million
  + stars: | 2022-11-03 | by ( Aria Bendix | Morgan Mcfall-Johnsen | ) www.businessinsider.com   time to read: +1 min
The $1.5 billion Powerball jackpot is the second largest prize in history, with the next drawing Saturday. Players are more likely to get killed by fireworks than win the prize, but they still purchase tickets. The Powerball jackpot is soaring toward a record high after no winners were declared in two recent drawings. Those who enter have about a 1 in 292.2 million chance of taking home the prize, according to Powerball. While it may seem silly to think that we could actually win the lottery, Americans are quite fond of throwing their hat in the ring.
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