Additional taxes are charged if you live in New York City or Yonkers. One note: Your winnings could also be subject to local taxes in some states. The Lottery's regular practice is not to use winner information in paid advertising or product promotion without the winner's willingness to participate. The winning numbers or results of Powerball, Lotto, Easy 5, Pick 3, Pick 4 and Pick 5 drawings are broadcast beginning at p. Mega Millions drawings are broadcast at p. The Robert H.
These jackpots were paid as annuities. The largest single-payment winner was Timothy M. Lotto: Wednesday and Saturday nights at p. Easy 5: Wednesday and Saturday nights at p. Powerball: Mondays, Wednesdays and Saturdays at p. Mega Millions: Tuesdays and Fridays at 10 p. There are no Louisiana-based drawings on Christmas Day or Easter. Drawings for the multistate games, Powerball and Mega Millions, will be conducted should Christmas fall on a draw day.
Tickets must be purchased by p. How Multidraw Works Save time with multidraw by playing your numbers for multiple drawings. See the "How to Win" tab for a prize chart. Ways to Play Paper Playslip. In blue or black ink, fill in your numbers and game options on a paper playslip available in the retailer's Lottery Play Center.
You may play up to five sets of numbers on each playslip. Digital Playslip. Select and save your numbers and game options on the Louisiana Lottery Official Mobile App and show the resulting code at checkout for your ticket to print. Ask the Retailer. If you want a Quick Pick, tell the clerk. You can play up to 10 Quick Picks on one ticket. Replay Feature. To play the same numbers, number of drawings and game options as on a previously played ticket, present it to the retailer and ask for a Replay!
Winning Numbers Download All. Start Date End Date. Enter a date range to search for past winning numbers. Draw Date Winning Numbers Jackpot. Wed, Nov 10, Sat, Nov 06, This means the jackpot is shared across other prize tiers where players match 2 or more main numbers, so thousands can expect to win a boosted cash prize. The remaining jackpot prize fund will then be allocated in set percentages to the other winning prize tiers and shared amongst those winners.
For details of the Rolldown mechanic, see the Lotto Game Procedures. What are the odds? If we make a change to one part of the game, we have to consider the knock-on effects that would happen in other parts of the game. We need to look at the game in its entirety. There have been no changes to Lotto HotPicks prizes as a result of these changes — the new prize amounts apply to Lotto only. Set limits. Get reminders. Take time out. Using our tools can help you stay in control.
Skip to content Skip to footer. So how do you play? You're good to go! Unlike some annuities that end when you do, this is something called an annuity certain : the payouts will continue for the set term of years, so if you pass away, you can bequeath those payments to whomever you would like.
Which should you take? Only six states allow winners to remain anonymous, while three others allow them to collect winnings through an LLC. Most lottery winners opt for a lump sum payment. They want all of the money immediately. That is the main advantage of a lump sum: full and complete access to the funds. Not only do individuals like that, but their newly acquired giant team of accountants, financial advisors , money managers, and estate lawyers do too—the more assets under management, the better, especially if their compensation is based on a percentage of those assets.
Taking a lump sum could also be the better course if, not to be morbid, the winner isn't likely to live long enough to collect decades of payouts, and has no heirs to be provided for.
You may be in a better income tax position if you receive the proceeds over several years via an annuity rather than up front. Lottery wins are subject to income tax both federal and state, except for the few states that don't tax winnings in the year you receive the money. If you take the lump sum option, the entire sum is subject to income tax that year. However, if you choose the annuity option, the payments would come to you over several decades, and so would their tax bill.
Not according to the experts. If you choose the annuity option, the government takes your winnings and invests them for you—most likely in boring, yet highly stable Treasury bonds. Usually, when you invest, you pay taxes, but when the government invests they do so free of all tax obligations.
If the government invests it, you only pay a tax bill once on the annuity checks. But perhaps the biggest argument for taking the annuity is more intangible—to protect you from yourself. A six-figure windfall is a life-changing event, and not necessarily a good one. Most people are inexperienced at managing such sums to begin with, but even the wisest and coolest of heads could lose perspective, especially given the avalanche of friends, family, and even strangers that descends once the news gets out, pleading or even demanding a share of the spoils.
Academics cite research showing most lottery winners will save only 16 cents of every dollar they win and that one-third of lottery winners go bankrupt. An annuity can help, by literally limiting the funds in your possession. After all, you can't give away, squander, or otherwise mishandle what you don't have.
Plus, taking the money over time provides you with a "do-over" card. By receiving a check every year, even if things go badly the first year, you will have many more chances to learn from mistakes, recoup losses, and handle your affairs better. Inheritance factors are generally free standing but there can be some considerations where lottery inheritance is involved. Taxes are generally withheld from lottery distributions at the time they are paid out.
If payments are made in a lump sum, the inheritance can be passed along tax free since inheritance gifts are generally not taxed. If the payments are still coming in as an annuity, taxes will be withheld. As in all inheritance scenarios some estate taxes may be required if values exceed the exclusion limit. Since lottery winnings push many people into the high net worth category, estate taxes may be a factor.
This can be a challenge if the heirs do not have the cash on hand to do so. In some states Powerball will convert annuities to lump sums upon death to help better manage any tax burdens.
If you ever do win the lottery, you will want to work with your financial advisor, tax attorney, and certified public accountant to determine which option is best for you—taking the winnings all at once or in annuitized payments over decades. Many people see purchasing lottery tickets as a low-risk investment.
The risk-to-reward ratio is certainly appealing, even if the odds of winning are remarkably small. Is it better then, to play the lottery or invest the funds?
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