We’re happy to answer all your questions concerning the Powerball Lottery. Look below for a list of answers our most often asked questions and if you don’t see the answer to your particular question, you can contact support to receive an answer quickly.
How Can I Play The Powerball Online?
The game is played online just the same as it would be played if you purchased tickets at a land-based retailer. Purchase tickets with your selected numbers before the Wednesday or Saturday draw. When purchasing online, you’ll receive a scanned copy of your official game ticket before your designated draw. Watch the draw to see if your numbers are picked and you can collect your winnings through the same service through which you purchased your tickets.
Can I Play Powerball From Outside the US?
Ticket purchasing services are available online from providers all over the world. We offer services many of the most trusted organizations right here at OCA. These organizations’ offices buy tickets on behalf of players from inside the US. When making a purchase through one of our trusted ticket purchasing service providers, you’ll receive scanned copies of your tickets after purchase, prior to the lottery’s draw for which they are purchased.
How Do I Claim My Prize If I Win?
With online ticketing services you’ll receive an automated notification of your win via email or SMS on a mobile device. Prizes of the lowest four denominations in the Powerball Lottery will be automatically transferred to your designated and secure account. For prizes larger than 8 figures you will be required to collect your prize in person in the US. These massive jackpot prizes are subject to US state and federal taxes.
How Long Do I have to Claim My Winnings?
That depends on the state in which the ticket was purchased. Expiration of winnings can vary from 90 days to one year. Your ticket provider will have this information and be able to tell you how long you have to claim your prize.
How Long Will It Take To Receive My Winnings?
More modest prizes will be transferred into your designated account instantly, while more substantial prizes must be claimed in person. This could include travel and paperwork. Generally two weeks is a good estimate, but be prepared for anything and, most of all, be patient if you’ve been lucky enough to win one of these life changing jackpots.
What Is The Difference Between A Cash Payout And Annuity Payment Structure?
Your immediate cash payout, should you choose to go this route, will diminish your overall prize amount significantly, but put the money in your hands relatively quickly. It will be taxed by state and federal authorities in the US just as yearly income of the same amount would be taxed according to the statues of those locations, i.e. federal income and state income taxes. This generally can be expected to come out to around 40%.
Annuity payments will receive a structured cash amount each year with a 4% increase every year following. So, if you choose the annual payment option, you’ll receive a cash amount this year, then next year you’ll receive 4% more, and the following year you’ll receive 4% more than that amount. This will last for 30 payments over 29 years.