At the beginning of January 2016, Powerball offered the largest jackpot in history: $1.6 billion, leading some players to dismiss the lower jackpots in the EuroMillions. But there are 7 good reasons why EuroMillions could still be a better option for some players!
2016 started with a bang! The world went berserk over the craziest jackpot ever when the US Powerball broke every record with a $1.6 billion top prize.
Europe’s answer to the American lottery giant, the EuroMillions, currently offers €104 million. Whilst €104 million may seem like small change in comparison to the record Powerball, there are seven good reasons why some people prefer to play EuroMillions.
1. Powerball Winners Are Far More Likely to Get Divorced.
EuroMillions lottery winners in the United Kingdom almost never get a divorce, whilst US Powerball winners are more likely to part ways with their spouses.
What’s more, 55% of UK EuroMillions winners say they are now happier than before their win , whilst US lottery winners report a temporary increase in their well-being!
2. EuroMillions Offers Great Raffle Prizes in the UK & France.
When you play EuroMillions online through theLotter, you can choose to either play the standard game where your tickets are purchased in Spain, or opt for the French or UK versions of EuroMillions. There is some variation in ticket prices, there are different syndicates for each of the versions, but, most importantly, in the UK and French EuroMillions versions you automatically participate in amazing raffles.
When you play the French EuroMillions, you will automatically enter the My Million raffle for a chance to win a €1 million prize – every Tuesday and Friday!
Every EuroMillions UK ticket enters you into the Millionaire Maker raffle which guarantees a £1 million prize winner each draw. The last Friday of every month features a Mega Friday raffle with 10 of these million pound prizes and additional non-cash luxury holiday packages or gifts!
3. Win the EuroMillions and Your Tax Bill Will be Peanuts.
€104 million might perhaps be a far cry from the figure the Americans will be paying out to their recent jackpot winners, but don’t forget that there is a huge difference in taxation between the United States, the UK, France and Spain. Whilst in the UK and France your lottery prizes are not subject to any taxation, Spanish prizes over €2,500 are taxed at 20%. This is substantially less than in the United States where as a lottery winner, depending on your residency status and the state you purchased the ticket in, you’d pay almost twice as much tax.
4. American Lottery Prizes Seem Bigger, But You May End Up with Less.
Another thing to bear in mind is that EuroMillions prizes are always paid out in a lump sum, whereas American lotteries offer winners a choice between cash or annuities. If you choose to have the current $50 million Powerball jackpot paid out as a lump sum, you will actually get $31.8 million and that amount is reduced even more by state and federal taxes in the United States (and, perhaps, by the country where you reside).
5. Your Chances to Win the EuroMillions Jackpot Beat the Powerball Odds!
Regardless of which country you buy your EuroMillions tickets in, the odds for winning EuroMillions prizes are always the same. For starters, your chance to win the EuroMillions jackpot is 1 in 116,531,800, as supposed to your 1 in 292,201,338 chance to win the Powerball jackpot.
6. EuroMillions Jackpot Odds Can Only Get Better!
The EuroMIllions has a jackpot cap of €190 million. This means that when the jackpot keeps rolling over and is not won at the €190 million stage, it will be scooped up by someone in a lower prize category.
In other words, you could eventually win the jackpot without matching all the numbers!
7. The More EuroMillions Tickets are Sold, the Bigger the Secondary Prizes!
From time to time, lower winning categories in the EuroMillions offer higher prizes than similar categories in the Powerball. The reason is that the lower prizes are pre-set in the Powerball, whereas in the EuroMillions these prize categories offer sums based on ticket sales, meaning that when ticket sales go up, the prize money in lower categories rises, too.