USA Lottery prizes were on the up following another rollover of the Powerball Lottery draw yesterday. The current gross total of lottery jackpot prizes is a massive $154,000,000 and growing.
Mega Million $84,000,000 Lottery Prize
Mega Millions is the first of the big multi-state USA Lottery games to be drawn. The current value of the lottery jackpot is $84,000,000. However, this figure should increase by the odd million by the time the draw takes place.
Mega Millions is, of course, an annuity lottery game, which means that what you see as the lottery jackpot is not what is paid out. If a player selects a cash prize option, then a certain amount is forfeited.
The next Mega Millions draw takes place on 03 July 2015.
Powerball Lottery $70,000,000 Prize
Powerball is the remaining USA Lottery game and makes up the balance of the $154 Million prizes. The current lottery jackpot is worth $70 Million, increasing by $10 million since the last draw.
Cash Prize or Annuity – Lottery Winners Choice
Powerball Lottery is also an annuity type lottery game with the winner having to either select an annuity prize or cash option. Most USA Lottery winners choose the cash option.
The reason for that is that it is a life annuity and who knows how long we have. Also, it makes economic sense to have the prize in your possession to invest and grow it.
The current cash value of Mega Millions is $50 Million. Powerball has a cash value of $42,6 Million. So despite the loss of some of the jackpot prizes, these are still hugely attractive lottery jackpot prizes to target.
USA Lottery Online
Online Lottery players from around the world can take part in both of the USA Lottery game draws. To select either of these USA Lottery games, visit the Lottery Jackpots page.
The Lottery Jackpots page has all the latest lottery prize information, including the time of the individual lottery draws. In addition, players can open accounts and play these lottery games online.