What is a Jackpot Lottery?

jackpot lottery

You might have heard of jackpot lottery, but what exactly does it entail? Powerball and MegaMillions are two of the most popular games in the world, and have given away huge jackpots. Both games are American in origin, and can be played online. To know if you are eligible to play a jackpot lottery, click here. If you’re not from the U.S., you can play Powerball online at Lottoland.

A lot of lottery winners opt to receive their jackpot prize in a lump sum, since they want to get their money now and avoid paying taxes in the future. A lump sum is also preferred by accountants, financial advisors, and money managers, as well as estate lawyers. This is because these professionals make their living managing other people’s money and are compensated on a percentage of what their clients own. Besides, lottery winners don’t usually live long enough to collect their payouts.

The highest jackpot ever won by a single ticket was EUR38.4 million in the Netherlands’ SuperEnalotto lottery in May. The largest single-ticket jackpot in Germany’s Lotto 6 aus 49 was EUR45.4 million. In the United Kingdom, EUR12.2 million won in the Veikkaus lottery. In some other countries, jackpots are larger than these. The largest jackpots are usually worth a couple of hundred million dollars.