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The lottery has long been used to raise funds for government projects. In the States, most lottery draws directly contribute to that state's educational funds. Thanks to the close relationship with governing bodies, lottery is almost universally legal and regulated.The one area of concern in terms of lottery regulation comes from online lottery play.
That doesn't mean you can't play online, it just means you can't play online if you're not from there.It's not uncommon for a group of individuals, like friends or co-workers, to pool their funds together to buy one or more lottery tickets. This is especially true when a record jackpot is on the line catching a bunch of media attention.
This of course means a higher chance of a win, but also increases the number of people who will have to share it. Fortunately, the increased chances often outweigh the limited jackpot winnings.America is home to two of the biggest lotteries. The Mega Millions previously held the record for the two biggest lottery wins in history, with jackpots of $656 million and $648 million being collected in March 2012 and December 2013 respectively.
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The Powerball is the new reigning champ in terms of record jackpot payouts after a few rule changes created an unbelievable $1.6 billion jackpot which was eventually split three ways.The draw has also given five jackpot winners over $400 million each, with the highest of those jackpots a whopping $590.5 million in May 2013.
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It also offers a multiplier option known as the Power Play, which can increase any win by 10 if selected.When it comes to winnings, lotteries are the cream of the crop in terms of size. Fortunately, getting paid those winnings is much eaiser than winning them. Smaller wins can usually be transferred straight out of the lottery account into a player’s bank account.
For example, players who win the US Mega Millions can choose the annuity option, which means they would receive annual payments spread out over 30 years, increasing by 5% per year. That particular draw also offers a lump-sum payment option, but other lotteries will insist on an annuity.Lotteries have been played for generations across the globe.
Present day lotteries, though, have found a new world to influence and be influenced by, the world wide web.The lottery's embrace of the internet has not only expanded the game's popularity but has altered the way the game is played, won, and experienced. With great change comes new innovation and therefore new features and products.Lottery features have grown from the days of adding additional balls to implementing bulk buying discounts for those looking to buy tickets in mass.
Prior to its move online, lotteries were limited to players in that particular lottery's country of operation. So basically, if you wanted to play the largest lottery in the world - the US Powerball - you would need to live in the United States. Embracing online lottery play created the ability for lotteries to be played by players outside their respective countries through the invention of lottery concierge services.Companies like GiantLottos and TheLotter are lottery concierges, with each uniquely approaching the concierge service industry.
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TheLotter, and lottery concierge services like it, include a handling fee in listed ticket prices, meaning that unlike sites such as GiantLottos, TheLotter doesn’t take any commission from players’ prize money if they win big on a foreign draw.Most consider playing the lottery a gamble in itself but punters and bookies have taken it a step further with the introduction of betting on the lottery.
Then, when the numbers are announced, the bookies, not the lottery, award the players who correctly predicted the winning combination.Immediately, most would wonder why a punter would bet on the winning numbers when they can just play those numbers and actually win the massive prize. Well first off, you can do both.
But aside from just increasing the potential total winnings, some bookies also offer the option to win by only predicting a particular amount of numbers as opposed to the entire combo.Here's an example: A punter plays the German Lotto (Lotto 6 aus 49) with his favorite numbers while also betting those numbers with Coral Lotto on the same German Lotto drawing.
Well at those odds, lotteries aren't for everyone. But for those players weary of the long odds but still interested in playing, hope has emerged in the form of lottery syndicates.A lottery syndicate is a group of people collectively buying tickets, with the agreement that any prizes won will be split evenly, greatly increasing the chances of winning.
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You can either enter online syndicates on a one-off basis or with a monthly subscription. There are normally different bundles available, whereby the more you pay, the more entries you get.Mobile betting has taken the gambling industry by storm and lottery is no different. Aside from mobile access for most lottery products, players can also enjoy a few new mobile lottery features, like 'Buy and Scan' apps.With all the events and distractions of everyday life, many punters struggle to remember important things.
Lottery players experience this from time to time as well, especially when the drawing is delayed for a few days. Punters pick their numbers on a wealth of lotteries then occasionally forget a few. Fortunately, there is a solution.'Buy and Scan' apps are capable of scanning lottery tickets, storing the numbers and then notifying you when you're entitled to a win – saving you the effort of checking and ensuring you still have plenty of time to claim.
However, the digital revolution and the advent of online lottery concierge services have meant that gamblers can now get involved with lottos hosted in locations around the world.Now players from all around world can try their luck playing the largest lottery jackpots offered regardless of where they are. Whether you live in England and love the US's Powerball or live in Spain and love the Irish Lotto, online lottery play makes it all possible.
The rules and frequency of each draw vary from state to state, but generally players choose five to seven numbers, plus one or two bonus balls.Many US states also participate in massive multi-state lotteries: the Powerball draw has 36 member states, while Mega Millions has 46 member localities. With a minimum $40 million jackpot, Powerball draws are hosted every Wednesday and Saturday night.
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All five numbers and the bonus number must be matched to win the main jackpot.Mega Millions rules make it slightly tougher to win the top prize than for Powerball. Although players choose five main numbers, those are from 75 lottery balls. However, the lottery is more generous for the bonus ball, as players only need to match the bonus from 15 balls.