Powerball winner: Should lottery winners remain anonymous?

The tickets print the white ball numbers (the first five numbers) in numerical order. You can match the first five white ball numbers drawn in any order. The red Powerball number on your ticket (the last number, often behind a "PB") must match the red Powerball number drawn. Powerball tickets can only legally be purchased at a state lottery sales terminal in the lottery jurisdictions that sells the Powerball game. A lottery can also legally sell tickets on the Internet, but only to persons within its own state. No one can sell lottery tickets by mail or over the Internet across state lines or the U.S. national border. No one except the lottery or their licensed retailers can sell a lottery ticket. If you are not buying from a licensed retailer in the state or from the state lottery site (within the borders of that state), then you should not expect to be able to collect your prize. You do not have to be a citizen or a resident to play the game. You can be a tourist. They may be offered for up to one year. Federal law prohibits the sale of this type of purchase across a state line, since it involves automatic purchases. We can divide the prize however the individuals in a group wish, including different requests for cash or annuity. Pick 3 and Pick 4 and up to 20 for Powerball, Mega Millions, Lotto and Easy 5. If you win a prize during one of the drawings, you do not have to wait until the last drawing has occurred before collecting those winnings. When you cash a winning multidraw ticket with drawings still remaining, the Lottery's terminal system will print out an exchange ticket good for the balance of the remaining drawings and with the same numbers as on your original ticket. A list of closed games and end-of-redemption dates can be found on this website. Federal Form 5754 that ensures the tax obligation of the prize is distributed among the group members according to the gross prize amount of each person’s share. Lottery asks a group of winners to form a legal entity with an assigned tax identification number for a jackpot prize paid in annual installments. We also recommend that players who believe they hold a Powerball, Mega Millions or Lotto jackpot-winning ticket contact the Lottery's headquarters immediately at 800-735-5825 to schedule a time to claim their prize and have their questions answered. Players who believe they hold a jackpot-winning ticket must bring the original ticket to the Lottery's corporate headquarters in Baton Rouge within 180 days of the drawing in which the prize was won for verification and any prize payment. Lottery office, you will be required to complete a claim form for tax purposes. Under the Lottery's statue, all prize payment records are open records, meaning that the public has a right to request the information. Depending upon the amount won and public or media interest in the win, winners may NOT be able to remain anonymous. The statute also allows the Lottery to use winners' names and city of residence for publicity purposes such as news releases. Millions, will be conducted should Christmas fall on a draw day. Tickets must be purchased by 9:00 p.m. on the draw date for Powerball and Mega Millions, and by 9:30 p.m. on the draw date for Pick 3, Pick 4, Lotto and Easy 5 to be eligible for that drawing. As many previous winners have learned the hard way, money doesn't buy happiness. Powerball lottery will receive a lump sum of $360 million before state and city taxes are deducted. Of course, the final IRS bill could end up cutting that total down even further. States have wildly different rates of sales and property tax. Tennessee, for instance, has the highest combined state and local sales tax rate in the U.S., according to a recent report by the Tax Foundation, a research group. Gerald Prante, economics professor at Lynchburg College in Lynchburg, Va., and a former tax consultant. Carolyn Hapeman, a spokesperson for New York’s State Lottery. That said, the final end-of-year tax bill will obviously depend on gifts and charitable donations made by the Powerball winner — and whether there are multiple winners sharing the jackpot. Bankrate is paid by financial institutions whenever users click on display advertisements or on rate table listings enhanced with features like logos, navigation links, and toll free numbers. Dow Jones receives a share of these revenues when users click on a paid placement. Someone called in a bomb threat to his home. At bars, people would expect him to buy a round of drinks. He retired at 28. He and his wife invested properly, and were able to live off the money and send their children to college. West Virginia man Andrew “Jack” Whittaker, who won $315 million in a 2002 Powerball drawing, lost it all in about four years. His misfortune reportedly included thieves stealing $545,000 from his car and lawsuits over his gambling debts. Players must redeem their prizes in the same state they bought the tickets. Quick Pick tickets are generated randomly by the terminal at the retailer, and there is no central computer that is controlling ticket generation. When the jackpot is finally hit, the money in the Match 5 prize pool will be divided equally among all winners who matched all five white-ball numbers. People came out of the woodwork wanting a piece of his prize. The jackpot prize will be divided equally among multiple winners. In the event of a winner's death, the Lottery will continue to pay the annual payments, as scheduled, to the winner's designated beneficiary or estate. The Lottery does not keep the money; the state does not take it. The Internal Revenue Service has special rules concerning estate taxes and expected future payments. The Lottery recommends that all jackpot winners consult a tax expert for advice. Three Amigos" --as they were called -- were obscured by their $218 million check. Three Amigos" -- as they were called -- were obscured by their $218 million check. Virginia Lottery, a news release featuring the winner's photo can also be posted to their website and social media pages.

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