For details on how lottery funds have made a difference in all of North Carolina’s 100 counties, click on the “Impact” section of the lottery’s website. Players can buy Powerball or Mega Millions tickets at any lottery retail location or through Online Play on the lottery’s website, Ticket sales from draw games make it possible for the lottery to raise more than $2.5 million a day on average for education. The odds of winning a Mega Millions jackpot are 1 in 302 million. The odds of winning the Powerball jackpot are 1 in 292 million. In Lincolnton with a ticket bought at the Raceway on East Main Street.In Candler with a ticket bought at Southeast Energy on Smokey Park Highway.In Swannanoa with a ticket bought at the Swannanoa Community Store on U.S.In Raleigh with a ticket purchased through Online Play.Monday’s Powerball drawing produced more big wins in the state as four different $2 tickets matched four white balls and the red Powerball in the drawing to win $50,000. Good luck to everyone going for these huge jackpots.” “Just make sure you know your odds and play smart. “We have seen lots of great wins recently in both games and we would love to see a jackpot win happen in North Carolina this week,” said Mark Michalko, executive director of the N.C. Wednesday’s $725 million Powerball jackpot ranks as the seventh largest ever offered in the game. Wednesday night’s Powerball drawing features an even larger jackpot, worth $725 million as an annuity or $366.2 million in cash. Tonight’s Mega Millions drawing provides the first chance to win with a jackpot worth $500 million as an annuity or $251 million in cash. The odds of winning the Mega Millions jackpot is approximately 1 in 302 million.As the Powerball and Mega Millions jackpots both continue to roll, North Carolinians can play for a combined $1.225 billion in prizes over the next two days. What are the odds of winning the Mega Millions jackpot? There is no limit to the number of tickets that you can purchase. How much does it cost to play Mega Millions?Įach ticket costs $2. Mega Millions is available in 45 states, Washington, D.C. You can also select Easy Pick / Quick Pick and the numbers will be selected automatically for you. Mega Millions Lottery Q&A How do you play Mega Millions?Ĭhoose five numbers from 1 to 70 and one Mega Ball number from 1 to 25. However, make your life simpler so you don’t have to keep track of monthly payments. Yes, you could invest your winnings and earn a higher investment return than your cost of debt. Becoming a lottery winner is a prime opportunity to pay off student loans, a mortgage, credit card debt, an auto loan or a personal loan. If you win the Mega Millions, pay off your debt. Don’t delegate check-signing authority to an advisor. Importantly, make sure you sign your checks so you can keep track of your money. Similarly, you likely will be approached by multiple advisors offering their services. When you win the lottery, expect to be contacted by every long-lost cousin and “best friend” from high school. You may consider a licensed financial advisor who can help you manage your investments, pursue charitable interests and achieve your financial life goals. Your attorney can help you claim your prize and structure your assets. Start with a reputable attorney who has experience with trusts and estates. Make sure you have the correct legal and financial team to help protect your wealth. Winning the lottery is one thing holding onto your winning is another. That’s not necessarily the best financial choice, but it may help you control spending and stay organized. However, if you’re concerned about spending your money too quickly, then choosing the annual payment option may be advantageous. Why? According to classic financial wisdom, “A dollar today is worth more than a dollar tomorrow.” You can invest the money you receive now and hopefully earn a higher rate of return. Financially, the lump-sum payment is preferable. Which option should you choose? It’s a personal choice. Alternatively, you could choose 30 payments over 29 years (and you’ll be responsible for paying taxes as you receive each annual payment). The upfront, lump-sum cash option for Mega Millions is $602.5 million (minus mandatory tax withholding). You can receive an upfront, lump-sum cash payment or annual lottery payments. If you win the Mega Millions, you will choose how to receive your money. Choose between lump sum and annuity payments
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