Types of Lotteries

Mega Millions vs Powerball

Lotteries are very common in today’s world. Currently over 45 different states offer lotteries of some form. The most popular are Powerball and Mega Millions. Both offer very large jackpots and other cash prizes for players. Tickets for some have become routine on paydays or just about any other day of the week. Players will find tickets for these lotteries in convenience stores, grocery stores, gas stations and more. Jackpots start out as low as $40 million and go into the hundreds of millions of dollars. Unfortunately, neither of these lotteries offer the ability to buy online.

Powerball
Powerball is available in 45 states. Ticket prices start out at $2 with a Power Play option, players will pay just $3 additionally. Powerball drawings are held on Wednesday and Saturday nights at 11pm Eastern Standard Time. Players will purchase their tickets and wait for the next drawing. Players will pick five numbers from 1 to 59 and one number from 1 to 35. Powerball offers players an annuity choice which is paid out in installments over 30 years or a cash option which will give the lucky winner all of the cash at a lower number.

Mega Millions
Mega Millions offers players the same system as Powerball for the most part. Players will only have to pay $1 for their tickets along with $2 for a 2, 3 or 4 Megaplier which can times a players non-jackpot winnings to make them even bigger. Mega Millions is offered in 45 states and gives players the option for an annuity or a cash payout. Annuities are paid out over a period of 26 years. Mega Millions allows players to purchase tickets at age 18, from there states are able to regulate on age restrictions as they please. Some states are 21, others are 18.