Lottery jackpot records

This is a collection of notable lottery jackpot records in the United States and Europe, listing the largest prizes/jackpots awarded in various drawings.

The January 13, 2016 U.S. Powerball drawing created the largest jackpot in world history;[1] It had an annuity value of $1,586,400,000. (The next largest, a Mega Millions jackpot, was over $656,000,000).

Prior to 2016, Spain's Sorteo Extraordinario de Navidad (Spanish Christmas Lottery) was generally considered to be the world's largest lottery game, with the largest first prize/jackpot. In 2012, the first prize was €720 million (then US$941.8 million). The total prize pool in 2012 was €2.52 billion (US$3.297 billion). The tickets for this drawing have pre-printed five-digit numbers, with each set of numbers sold multiple times in series. For example, a ticket with the number "00001" was printed 180 times under different series numbers. This results in the top prize being split by multiple winners. The 2011 top prize of €720 million was paid out as €4 million (US$5.2 million) to each of the 180 tickets with the number 58268.[2]

United States

All lottery winnings are subject to Federal taxation (automatically reported to the Internal Revenue Service if the win is at least $600); many smaller jurisdictions also levy taxes. The IRS requires a minimum withholding of 25% of the prize (minus the wager) of any gambling win in excess of $5,000. However, the net for a major prize often is misleading; winners often owe the IRS upon filing a return because the Federal withholding was below the winner's tax obligations. Nonresident U.S. lottery winners[3] have 30% of winnings of at least $600 withheld.

All lump-sum prizes listed below are reported as the pre-withholdings amount, as this is income the player "earned" and must report on their returns to be subject to taxation. Jackpot shares listed below are annuity amounts.

For various reasons, an annuitized jackpot can have a higher cash value than a larger annuity with a lower cash value. Examples include the annuity structure of various games: while Mega Millions' and Powerball's annuity option each are 30 annual payments, Mega Millions' annuity payments increase 5 percent yearly, while Powerball increases 4 percent yearly; this makes the Mega Millions' annuity structure somewhat more "inflated".

List of U.S. lottery drawings of $300 million or more (annuity value) with at least one jackpot-winning ticket (dollar amounts in millions):[4][5]

Rank Jackpot Cash value Tickets Per ticket Game Date Where Notes
1 $1,586.4 $983.5 3 $327.8 Powerball January 13, 2016 CA, FL, TN World's largest jackpot
2 $656 $474 3 $158 Mega Millions March 30, 2012 KS, IL, MD Largest Mega Millions jackpot
3 $648 $347.6 2 $173.8 Mega Millions December 17, 2013 CA, GA
4 $590.5 $370.9 1 $370.9 Powerball May 18, 2013 FL Highest annuitized jackpot for one ticket
5 $587.5 $384.7 2 $192.4 Powerball November 28, 2012 AZ, MO
6 $564.1 $381.1 3 $127.0 Powerball February 11, 2015 NC, PR, TX
7 $536 $378.3 1 $378.3 Mega Millions July 8, 2016 IN Highest cash value jackpot for one ticket
8 $487 $341.7 1 $341.7 Powerball July 30, 2016 NH
9 $448.4 $258.2 3 $86.1 Powerball August 7, 2013 MN; NJ (2)
10 $429.6 $284.1 1 $284.1 Powerball May 7, 2016 NJ
11 $425.3 $242.2 1 $242.2 Powerball February 19, 2014 CA
12 $420.9 1 Powerball November 26, 2016 TN
13 $414 $230.9 2 $115.4 Mega Millions March 18, 2014 FL, MD
14 $399.4 $223.3 1 $223.3 Powerball September 18, 2013 SC
15 $390 $233.1 2 $116.5 Mega Millions March 6, 2007 GA, NJ
16 $380 $240 2 $120 Mega Millions January 4, 2011 ID, WA
17 $365 $177.3 1 $177.3 Powerball February 18, 2006 NE
18 $363 $180 2 $90 The Big GameMM May 9, 2000 IL, MI Largest Big Game jackpot before it became Mega Millions
19 $340 $164.4 1 $164.4 Powerball October 19, 2005 OR
20 $338.3 $211.0 1 $211.0 Powerball March 23, 2013 NJ
21 $337 $224.7 1 $224.7 Powerball August 15, 2012 MI
22 $336.4 $210.0 1 $210.0 Powerball February 11, 2012 RI
23 $333 $214 2 $107 Mega Millions August 28, 2009 CA, NY
24 $331 $174 3 $58 The Big GameMM April 16, 2002 GA, IL, NJ
25 $330 $194.4 4 $48.6 Mega Millions August 31, 2007 NJ, MD, TX, VA
26 $326 $197.5 1 $197.5 Mega Millions November 4, 2014 NY
27 $319 $202.8 1 $202.8 Mega Millions March 25, 2011 NY
28 $315 $185[6] 1 $185 Mega Millions November 15, 2005 CA
29 $314.9 $170.5 1 $170.5 Powerball December 25, 2002 WV Won by Jack Whittaker[7]
30 $314.3 $146.0 1 $146.0 Powerball August 25, 2007 IN
31 $310.5 $197.4 1 $197.4 Powerball September 30, 2015 MI

Notes:

Europe

Unlike in the United States, where lottery wins are taxed, European jackpots are generally tax-free (the lotteries themselves are taxed in other ways) and jackpots are paid in a lump sum. For example, in the United Kingdom's National Lottery, wagers are split between the game operator Camelot Group and the government, with Camelot distributing its share among prizes, operating costs, profit,[8] Camelot's 'good causes' programme, with the remainder going to the government as value-added tax VAT. due.[9]

Examples of largest jackpots in specific European lotteries

References

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