Thursday 17 November 2011

Now What DO I DO? - advice for lottery winners


If you make the correct decisions, you can sit back, relax, and really enjoy the rest of your life.

MOST PEOPLE have never had the experience of winning the lottery and probably never will. Millions refuse to buy a lottery ticket, and their chances of winning, of course, are nil. Millions of others buy tickets every week or on a less frequent basis, and their chances of winning are almost nil, considering the odds of matching their ticket with the winning numbers (one to 80,089,128 on the Powerball, for example). Nevertheless, there are winners every day, and very big winners many times a year.

Lotteries continue to remain very popular throughout the U.S. Currently. 37 states and Washington, D.C., have lotteries, and several other states are considering adopting them. Lotteries extend over the continents of Asia, Australia, Europe, and Africa, and are also in Latin America and Canada. The first multinational lottery, the Viking Lotto, was introduced in 1992 with the five Scandinavian countries as participants.

Powerball, which is played in 20 states and Washington, D.C., had its first drawing in West Des Moines, Iowa, on Apr. 22, 1992. The drawing is still held at the Same time (10:59 p.m.) every Wednesday and Saturday night at the same place (except at remote locations several times during the year). The largest jackpot in the history of the U.S. and the world so far was in a Powerball game, with an annuitized amount of $295,000,000 and a cash amount of $161,000,000.

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