![]() The game is structured (odds) to generate average payouts of $2,000 and $50 for second and third place prize pools, respectively. Compare that to odds of 1 in 292,201,338 to win Powerball and the smaller prizes seem more attainable and attractive. The odds of winning the jackpot are 1 in 3,838,380. The jackpot occasionally grows to several million dollars and when it does, the odds are you might have to share the prize with someone else due to the excellent odds of winning. In order to win or share in the jackpot prize you will need to match all six of your numbers to the winning numbers generated the night of the drawing (6/6). The total price of your ticket ($1 per set) will be multiplied by the number of draws you wish to participate in. If you have favorite numbers or want to try the same Quick Pick selections in subsequent drawings, mark the MultiDraw box for 2, 3, 4, 5, 10, or 20 consecutive draws. Players who mark the QP box or ask a retailer for a Quick Pick can play up to ten games per slip. You can play up to five sets on each card. Players can mark six numbers on their play slip choosing from 1-40. Tickets are offered for sale at over 2,500 Louisiana Lottery retailers throughout the state. Under Louisiana's open records law, all wins over $600 are public information. Jackpots are paid in cash rather than annually. Wins exceeding $5,000 have 25% federal and 5% state tax withheld. Winnings of $600 or more are reported and forms must be filed. Persons over the age of 21 can buy tickets for minors but they must be accompanied by an adult to redeem prizes. You must be at least 21 years of age or older to purchase tickets, but only 14 years old to sell them. If the jackpot is not won after any drawing, the prize value is rolled over and added to the jackpot for the next drawing which is increased an additional $25,000 regardless of the number of tickets sold. Tickets cost $1 and the jackpot starts out at $250,000. There are four (4) prize divisions including the jackpot prize and all but the lowest prize are pari-mutuel, meaning the prize pools are shared with all players holding a winning ticket for those prize pools. Lotto drawings are held on Wednesdays and Saturdays at about 9:30 pm, which is the cutoff time for ticket sales. One of three methods is used to generate winning numbers and the method as well as drawing machine (RNG) are chosen at random. The RNGs are completely isolated from the computer system that records player tickets and generates Quick Picks. ![]() One of two automated drawing machines are used for all Louisiana draw lotteries. Rather than using physical balls the numbers are selected using a random number generator. The game is a pick 6 draw lottery with the numbers coming from a pool of 40 (1-40). It launched in January 1992 prior to Pick 3 being activated. Lotto is Louisiana's oldest in-house draw game. Betting on sports futures, props and lay bets.The Lottery encourages all players to seek financial advice before claiming a large jackpot prize.Īs with all claims, the names of those receiving prize funds and their city of residence is public record. When claiming a prize as a legal entity, the legal document organizing the entity must list the name of each member of the group, their city of residence, and the portion of the prize each person will receive. This simplifies the tax reporting and prize distribution for a group of people receiving payments over an extended time. While it is not necessary for a group of people to form a legal entity to claim the cash option, the Lottery asks a group of winners to form a legal entity with an assigned tax identification number for a jackpot prize paid in annual installments. The group members must decide on one payment option it is not possible for some group members to take the cash option and others to choose the annuity. The Powerball or Mega Millions jackpot prize may be paid in the annuity payment format or the single payment cash option. The Federal Form 5754 allows the Lottery to send a separate W-2G tax form to each individual winner noting the amount won and withheld on their behalf. The person receiving the check for the group also provides picture identification and is responsible for distributing the winnings to the group members.įor a prize paid in a single payment, the check recipient may choose to complete a Federal Form 5754 that ensures the tax obligation of the prize is distributed among the group members according to the gross prize amount of each person’s share. Each member of the group provides a completed IRS Form W-9 for tax reporting purposes at the time of the claim. ![]() The prize check is issued to either one person or legal entity (partnership, trust, etc.). ![]() The prize on a winning lottery ticket may be split among a group of ticket owners however only one prize check is issued. ![]()
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