Lottery PrizesCalculate your Lottery Prizes
Lottery prizes depend on how many winning numbers you have chosen. Our handy prize calculator will help you figure out what your lottery winnings might be if you have winning tickets in the next lottery drawing.
Every state lottery gives different prizes for winning number combinations. Most of the time, for national lotteries it is the same no matter what state you are in. Some lotteries are only played in one state. In that case, there could be differences. Always check your lottery ticket carefully to see if you have won any top prizes or even any cash prize at all. Even if you know you didn't win the big jackpot, there are prizes remaining that you may have won.
Lottery prizes can be even higher if you take advantage of multiplier options. For lower prize payouts, this can make your winnings grow exponentially. That means that you can get much more money if you play the multiplier. Always make sure that you are playing the tickets the right way to get the maximum benefit if you win.
PowerBallPrize Tiers and Odds
Each state has different methods for getting your cash prize to you when you win. It also depends on what your prize is. For most games, if your prize is less than $600.00, you can take your ticket to the place where you bought it and cash it in there. If that's not convenient, you can usually mail a form to the state lottery district office and get them to mail you a check.
If you win a bigger prize, you may have to visit the district office in person. The time it takes for the payout to happen varies between states. For example, in Florida, Mega Millions and Powerball tickets take at least two weeks before a payment can be made for large prizes. In California it can take 6 weeks.
Lottery prizes are paid either by check or by wire transfer. In order to claim your prize, you may need to give the lottery officials a bank routing number. The lottery officials will also need to inform the Internal Revenue Service that you have won a prize so they will need your social security number. If you are not an American resident and do not have a social security number, they will deduct the taxes owed from your payment.
Remember that if you have a winning ticket, immediately sign it and put it in a safe place until you can claim the money.
In most states, you must come forward in public to claim a lottery prize. Only six states allow anonymous claiming of prizes. Those are South Carolina, Delaware, Maryland, North Dakota, Kansas and Ohio. In all other states, the lottery commission must reveal the amount of the winning prize, the name of the winner and the city where they won. This is because the lotteries want to make sure that nobody thinks that they are not awarding prizes. If it was anonymous, people might start to suspect that there weren't any real winners.
Since you do need to identify yourself, experts recommend that you take steps to guard as much of your privacy as possible before coming forward to claim your winning ticket. If you're worried about people invading your privacy because of the publicity, hire a publicist to handle any media requests. A good publicist will also help you limit the amount of information there is available by shutting down any social media accounts you may have and handling any potential negative press you might have received. Even with good public relations management, your address and phone number will be easy to find so if you have another place you can go when the news hits, that can be a good way to stay under the radar too. A lawyer can advise you on the best way to proceed with the management of the money.