A lottery is a means of accumulating money by selling tickets that have a unique number on it and distributing prize to the holder of the unique number by a random draw. The random draw is usually termed as the lucky draw and the winner is called a lucky draw winner. The prize could be anything, also a lump sum. The concept of a lottery is not a new one perhaps it is found since ancient times when it was usually sold during the festive seasons and in fairs. Some famous historians also state the notable lotteries from History.
In the modern days, lottery tickets are sold via both online and offline. Although there are restrictions in some countries on Gambling and casino, that is practiced in luxurious hotels following the limitations set by the Government. As time is changing, the strategy of commerce is also changing with the usage of the internet. Lotteries have also moved online and it is gaining popularity especially among teenagers and adults. You can pick some great online lotteries like Multilotto by reading the review about them. The winning is surely luck-dependent and it either cannot be sure or traced.
Advantages of playing lottery games online:
The lottery can be played online and offline. Playing offline refers to the purchase of the physical ticket and cross-check upon declaration of the lottery winners. If you are one among the winners, you need to submit necessary documents and physical verification is also required, all these processes may consume time. To play on the famous online lottery portals like Lottoland just you need to register using email id along with submitting basic details and start playing the lottery games. Playing local lottery games will attract fewer players with very little money but on the online portal, players gather from different parts of the world accumulating huge money with currencies of different economies hence the jackpot amount is huge. Online lottery supports a variety of payment methods to deposit and the winners can transfer the amount straight to their registered bank account without any hassle.
Know more about lotteries and jackpots:
Online lotteries are related to sports and games lotteries and a large cash prize in a lottery is known as a jackpot. There are various categories of online lotteries classified on the basis of the jackpot amount and type of lottery game. Of all the online lottery jackpots, the US Powerball lottery holds the world record jackpot of prize money worth $1.586 billion on 13th January 2016, followed by Mega Million which was reported on 23rd October 2018 jackpot value of worth $1.537 billion. The Powerball Lottery winners have an option to choose between receiving their winning amount in an annuity with payments over 30 years or another option as a single lump-sum payment in a smaller amount. Powerball lottery tickets are sold at a price of $2 per play and the jackpot grows until it is won by someone.
Powerball is an American based lottery game, formed in April 1992 and is coordinated and monitored by the Multi-State Lottery Association(MUSL). Drawings of Powerball is held every Wednesday and Saturday at Eastern Time 22:59 hours sharp, to maintain transparency and trust the drawings are live broadcasted from the Florida Lottery draw studio in Tallahassee. The Powerball website says that the overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.
Lotteries can turn you a millionaire in a short time:
There are many ways in the world that can make you a millionaire overnight but before that, there are also unsuccessful days. In modern days the trending fields that can make you a millionaire overnight are stock market, real estate, and lotteries too. Though we cannot predict in lotteries, all it depends on luck which has a chance of one in a million.
Dos and Don’ts:
A lottery is an addictive game, even though the chance of winning is negligible but it still creates a hope looking at the testimonials of the winners. Try to play lottery games just for fun and do not expect anything from that. Play only with little amounts and do not blindly put all your money in the game keeping in mind to recover the lost one. Never play in a hangover and never take the words seriously if somebody challenges you.
What to do if you win a lottery prize:
Winning a lottery has a very low probability but who knows when your time will change. As a human, we all have definitely experienced somewhere in our life that we cannot control our excitements when something great happens unexpectedly. A lottery winning can also be such a situation where we cannot control our excitement after winning a huge amount. Try to remain normal for a few months, do not publicize your winning and try to keep it secret until you have successfully claimed all the money. If you are still working do not quit your job immediately take your time and plan your life accordingly. Hire a trusted professional who will guide you in managing your financials. Once you have successfully claimed all your money pay off all your debts, save sufficiently for an emergency fund, find out the best startup/business, and invest in them wisely if possible try to invest in immovable assets.
By Shashikant Chaurasia