After you guess enough numbers (usually more than 1 ball), you will get a win. It can be from $ 1 to $ 1 billion 568 million. This was a record win in US Powerball Lotto in 2016.
So You won the lottery. What’s next:
There are restrictions on the immediate transfer of winnings to the account: $600 (for us lotteries). This is due to the fact that large winnings are taxed and the lottery service will have to pay a certain amount. Therefore, the winnings will be credited within 2-3 days.
If you bet on lottery, you will have the winning immedeately, regardless of the tax free limit.
If the amount is very large (from $100,000 to the jackpot), the mediator will contact you to discuss the most convenient way to transfer money.
In case of winning the jackpot, you will have to get the win in person. To do this, you will go to the country of the lottery. For international European lotteries, the nearest country to you is the country of the lottery. For US lotteries, it is only the US. If you play Canadian Lottery, you have to visito Canada to collect the jackpot and so on. You are met by the agent of the intermediary and passes the winning ticket. Next, you, with the support of the employees of the lottery agent get a win.
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