The Differences Between American and European Lottery Draws

At Lottery24 we give you the opportunity to buy tickets for lottery draws all over the world. Whether it be EuroMillions, Powerball or the Mega Millions draw. How do lotteries differ around the globe? Let’s take a look at the top American and European draws that might just make you a millionaire one day.

Massive American jackpots

American lotteries are historically best known for their massive jackpots. Tonight’s Powerball draw has a jackpot of $725 million. The next Mega Millions draw is on Friday with a top prize of $560 million. The winnings are subject to tax in the US unlike in most European games.

Then there’s how you can accept your winnings. For example, tonight’s Powerball draw has a $725 million jackpot. You can receive that amount as annuity payments. One is received straight away then one annual payment for the next 29 years. Alternatively, a one-off cash payment of $366.2 million can be paid out but that will be reduced by tax deductions.

The jackpots can go over $1 billion because of the high odds of landing the jackpot. However, they are won and it’s been known that the jackpot is won in successive draws so buy a ticket today.

Millions to be won in Europe

Every week millions of players hope for success playing European lotteries. Whether it’s EuroMillions, UK Lotto, SuperEnalotto or EuroJackpot, tickets can be purchased from Lottery24.

The lottery jackpots aren’t as large as those seen in the US. This is because many of the European lotteries have a jackpot cap. This ensures that the top prize is regularly won by its players. That’s not the case with the SuperEnalotto jackpot in Italy. That went nearly two years without a winner before someone landed the €371 million jackpot.

EuroMillions Superdraws have a top prize of €130 million. The jackpot cap for this popular lottery is currently €230 million. Most winnings are not subject to tax, though a few countries do take some of the winnings that way. A big lottery win will change your life forever so good luck.

Buy tickets today from Lottery24.