Some lottery games aren't all they're cracked up to be. And this can be either a big deal-maker - or a deal-breaker - for you. But only if you know what to look for.
For example, our country's Powerball didn't jackpot on Saturday after weeks of no-wins. It may go to $30 million this coming weekend. But the twist is this... $30 million is as high as it's allowed to accumulate. Then it MUST be drawn and the prize distributed.
If no-one gets all 6 numbers plus the Powerball number, the jackpot will be divided up and go to those 2nd division winners who have 5 numbers with the correct Power ball lottery number.
So if you expected your chances of winning lottery jackpots to be higher, this is not the game you should be playing right now. Check and see whether your lotto game has restrictions like this.
Another lottery strategy example: Some countries and states give out lottery prizes tax-free - but some don't. Do you know which ones?
You should. Depending on the tax demanded, it makes up to 40% difference on your winning figure, and you could be taking home far less than you thought.
And which prize package should you take... an Annuity (the prize paid out by installment over 20 years or more), or a Lump Sum? The difference will surprise you.
Sometimes the information gets plain nasty. For example, in some countries or states, if you give any part of your winnings to a family member, it is considered a gift - and you pay additional tax or a duty on it. Not many people know that.
Now's the time to take a good look at your current lottery game, and check it out for problems like these. The small print is usually on their websites.
