The biggest lotteries in the world

Lotteries are one of the oldest forms of play known to man. All through the ancient world lotteries were played. The construction of the Great Wall of China was partially funded by lotteries. The American Revolution was funded by various lotteries and venerable educational institutions like Harvard and Princeton started with lottery money. In Europe, lotteries have a long and colorful history and cities and nations fund public works projects and always help the poor with income generated from the lottery. No wonder that many of the largest lotteries in the world are in Europe. SuperEnaLotto of Italy is one of the largest in Europe and routinely offers prizes in hundreds of millions to people.

The United Kingdom National Lottery is the largest in the UK and one of the largest in Europe. The lottery is run by Camelot gaming giant and players can buy tickets for national UK lottery online. The Best is that all prizes are paid in a lump sum and are tax free, unlike the U.S. where taxes can eat more than 50% of a lottery jackpot. The National Lottery funds the “Big Lottery Fund” that supports various causes and charities. The UK lottery has fourteen independent computers that can be used for lotteries and many of the teams are named after characters from the Arthurian legend as Merlin, Arthur, Guinevere, Galahad, Vyvyan and Lancelot. The lottery is exceptionally popular and players from outside the UK can buy lotto online UK tickets for the UK National Lottery.

Another important lottery is Powerball, a multistate lottery U.S. State with a Mega Jackpot. Powerball jackpots are from $ 20 million and if there is no winner the jackpot accumulates until there is a winner. Powerball jackpots over $ 100 million are relatively common. Powerball winners have the option of a lump sum or an annuity. Many players choose the annuity due to the heavy taxation of lump sum payments. The largest jackpot Powerball was $ 365 million, which was shared by eight co-workers in Nebraska. An agreement reached in 2010 now allows cross-selling Powerball lottery tickets and Mega Millions in most jurisdictions.