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Top 10 Biggest Lottery Jackpots
What are the biggest lottery jackpots of all time? You've probably heard about the record-breaking billion dollar Powerball jackpot in the USA in 2016 - here are the other 9 biggest payouts of all time, ranked from biggest to smallest. Note that because the United States taxes lottery winnings this reduces the actual payout of jackpots for lotteries like Powerball and Mega Millions. Therefore the actual cash value amount is shown below in brackets. In Ireland and most European countries lottery winnings are not taxed. Below the biggest American jackpots are the biggest European jackpots, all belonging to EuroMillions which available in Ireland. The most famous Irish EuroMillions winner is Dolores McNamara of Limerick who won €115 million in July 2005.
| Rank | Jackpot | Lottery | Date | Winning Tickets |
|---|---|---|---|---|
| 1st | USD$1.586 billion (€1.395b) | Powerball | January 13th, 2016 | 3 (CA, FL, TN) |
| 2nd | USD$1.537 billion (€1.350b) | Mega Millions | October 23rd, 2018 | 1 (SC) |
| 3rd | USD$758.7 million (€667.7m) | Powerball | August 23rd, 2017 | 1 (MA) |
| 4th | USD$687.8 million (€605.3m) | Powerball | October 27th, 2018 | 2 (IA, NY) |
| 5th | USD$656 million (€577m) | Mega Millions | March 30th, 2012 | 3 (IL, KS, MD) |
| 6th | USD$648 million (€570m) | Powerball | December 17th, 2013 | 2 (CA, GA) |
| 7th | USD$590.5 million (€519.7m) | Powerball | May 18th, 2013 | 1 (FL) |
| 8th | USD$587.5 billion (€516.9m) | Powerball | November 28th, 2012 | 2 (AZ, MO) |
| 9th | USD$564.1 million (€496.3m) | Powerball | February 11th, 2015 | 3 (NC, PR, TX) |
| 10th | USD$536 million (€471m) | Mega Millions | July 8th, 2016 | 1 (IN) | 1st EuroMillions | €190 million | EuroMillions | September 26th, 2017 | 1 Anonymous (Spain) |
| 2nd EuroMillions | €190 million | EuroMillions | July 12th, 2011 | Colin & Christine Weir from Lars, Scotland |
| 3rd EuroMillions | €190 million | EuroMillions | June 25th, 2013 | 2 Anonymous (Ireland/Belgium) |
| 4th EuroMillions | €190 million | EuroMillions | October 11th, 2016 | 1 Anonymous (Belgium) |
| 5th EuroMillions | €190 million | EuroMillions | August 10th, 2012 | Adrian and Gillian Bayford from Haverhill, Suffolk |
Traditionally, if you play a national lottery in a given country, then you must be a resident in that country. However, at Lottoland, you can bet on international lotteries regardless of where you live. This is because Lottoland has a unique business model that allows you to bet on the outcome of lotteries from all around the world. Lottoland pays all prize tiers, not just the jackpot, just as if you had bought a ticket with that lottery directly.
What’s more, to guarantee your winnings, at Lottoland we are secured by the world’s leading insurers, ensuring that all your winnings are guaranteed to be paid in full as if you had won the official jackpot.
*Jackpot values are approximate value based on time/date of conversion from USD/EUR.
**We accounted for the net jackpot, the sum an individual winner received after tax, or would have received. Lottery winnings are taxable in the U.S., in contrast to Germany and most European countries. For U.S. lotteries we therefore take taxes into account in order to have a fair comparison of actual winnings. Typically, lottery winnings in the U.S. are taxed at an average rate of 25-40%. We used a value of 38%. Note: It is common for U.S. lotteries to pay out lottery jackpots as annuity ("Annuity Option") over several years (e.g. winnings of Mega Millions will be paid out over 30 years).
Sources
http://en.wikipedia.org/wiki/Lottery_jackpot_records
http://de.wikipedia.org/wiki/Lotto#Eurojackpot_in_Europa
http://www.megamillions.com/difference-between-cash-value-and-annuity
http://www.forbes.com/sites/janetnovack/2012/03/30/how-much-tax-will-you-owe-on-540-million-jackpot/