Mega Millions FAQ

Q: When does the draw take place?
A: Wednesday and Saturday at around 4am GMT.

Q: Where can I get the results for the Mega Millions?
A: All of the the latest results and historic results are found in the Mega Million Results page, alternatively you can use our Mega Millions ticket checker to check your recent ticket.

Q: On the Mega Millions ticket, how is it possible to have the same number twice on one line?
A: Since you select five numbers from 1 through 70 and one Mega Ball number from 1 through 25, it is possible to repeat a number for your Mega Ball number.

Q: Will I be notified if I win?
A: Depending on how much you win we will notify by you by phone, text ,email or all of the previous.

Q: Can I remain anonymous if I win?
A: Of course you can. We invite all of our big winners to take part in a photoshoot and attend a payment ceremony. However we respect that many of our winners would not welcome the publicity and that they have the ability to decline our offer.

Q: What happens if a Mega Millions jackpot winner dies before all payments have been made?
A: The Mega Millions annual payment option prize will go into the deceased winner's estate. Annual prize payments can continue to be paid to heirs, or the annual payment option may be cashed out by the winner's estate.

Q: How long do I have to claim my winnings?
A: All winnings have to be claimed within a 60 day period of the draw.

Q: Are the prizes just split between onepoundlotto.com players?
A: No. As you are purchasing official tickets , prizes are split between official Mega Millions players.

Q: Are the prizes guaranteed?
A: As all of the prizes are paid by the official lottery operator they are guaranteed by them.

Q: Can I get a scanned copy of the physical ticket when I make a purchase?
A: Not yet, however we are currently building that functionality in to the site. So watch this space!

Q: Do I pay tax on my winnings?
A: Unfortunately yes. Tax is imposed on the winner by the federal and (some) state governments of The United States of America.

Q: Who is responsible for paying the tax?
A: That responsibility falls on the the player and not www.onepoundlotto.com

Q: How much tax will I expect to pay on the Mega Millions?
A: The potential tax bite can depend on the State that the ticket is purchased. However Lottery winnings in the US are subject to a Federal tax of 24%. This will be withheld upon winning by the IRS. This is called Federal Withholding.

Element

$1.6 billion Mega Millions Jackpot

Lump sum option

$904 million

24% federal tax withholding

Less $217 million

13% more (diff. Bet. 24% and top tax rate of 37%

Less $117.5 million

State tax of 0% to 10.76

Less 0 to $97.2 million

After-tax bottom line

$472.3million to $569.5

Q: Do I have to pay Tax on the US Mega Millions if I live outside the US?
A: The short answer is Yes. Expect to pay 24% . The full explanation is that as we at www.onepoundlotto.com are purchasing the physical ticket for you in the US. As such the purchase of the ticket would be treated as if it was purchased in the US ad subject to the local tax laws, federal and state.

Q: If I am playing from the UK can I claim the tax back?
A: Actually yes! As the UK does not pay Tax on gambling revenue as it is not seen as a source of income, it is possible to claim it back. This is well worth doing especially when the tax bill could be running in to hundreds of millions of pounds. Although we at www.onepoundlotto.com can not guarantee or make any promise you that you would be able to claw back this money from the IRS. We can say this “it has been done before and we have worked with operators who has successfully done this”. We will gladly advice you but can not complete this task for you.

Q: Do I have to pay state tax if I play on www.onepoundlotto.com?
A: Actually no, this is one tax that we can avoid for you! As state tax varies from state to state in the US, some states are actually a 0% state tax rate on Lottery winnings. One of these such states is Delaware. This is where we source all of our US lottery tickets from.

Q: Do I have to pay state tax if I play on the Mega Millions on www.onepoundlotto.com from a US state that does impose a state tax?
A: In short no. Even if you were playing in New York State (one of regions with the highest State Tax rate) we will still purchase your ticket from Delaware State.

Q: Which US States have the highest State Tax on Lottery Winnings?
A: As of 2020:

  • New Jersey = 10.76%
  • Minnesota = 9.85%
  • Columbia = 8.95%
  • New York = 8.75%
  • Vermont = 8.75%
  • Iowa = 8.53%
  • Wisconsin =7.65%
  • Oregon = 7.6%
  • Maine = 7.15%
  • South Carolina 7.0%

These can vary slightly depending on the exact threshold where the top tax rate kick in . For example in Oregon you would pay 6.6% up until $1 million then 7.6% on anything over.

Q: Which US States have the lowest State Tax on Lottery Winnings?
A: As of 2020:

  • Florida = 0%
  • South Dakota = 0%
  • Texas = 0%
  • Washington = 0%
  • Wyoming = 0%
  • California = 0%
  • Delaware = 0%
  • Tennessee = 1.0%
  • North Dakota = 2.9%
  • Pennsylvania = 3.07%

Q: How much do you have to win before you incur taxes on lottery winnings?
A: $5,000 or more

Q: If I was on a Lotto Betting site would I have to pay taxes?
A: Yes all of the Lotto Betting sites will try and emulate the actual payments of the official lottery. Even if this means that they will deduct a tax, even when no tax is being paid.

Q: Are there any hidden fees or charges that are incurred with a lottery win on www.onepoundlotto.com?
A: No! Local taxation and annuity payments on the Mega Millions are clearly outlined. We do not take a cut of your winnings. Some of our competitors such asLottland may have hidden charges . Look out for things such as a 38% tax when the actual rate of tax on Mega Millions is 37% . 1% may not sound like a lot but on a win as big as $904 millions this would equate to $9.04 million.

Q: What are the payout options?
A: If you are a Mega Millions jackpot winner, you will have the choice of a Cash Option or an Annual Payout (Annuity option) .

Q: What is Annuity?
A: Please refer to our “US MegaMillions annuity” section.

Q: What is the “Lump Sum Option”?
A: Jackpot winners will be able to select to either the “Lump Sum” option or the “Anuinity” option. If they select to take a lump sum they will have their winnings paid to them in one payment. This payment will be lower than the advertised jackpot amount.

Q: If I am a winner on www.onepoundlottery.com how long do I have to decide on which pay out option I would like to choose?
A: 60 days

Q: How much do I get paid if I choose the “Lump Sum” option?
A: This varies from each draw, there is no set percentage. It is decided at each jackpot level and advertised at that time mainly based on sales. It is determined by the Multi-State Lottery and the Mega Millions Group for all participating Lotteries. As an example on the 04/09/20 the Mega Millions draw Cash Option was set as 78.41% (gross, prior to taxes) of the advertised jackpot.

Q: How is the Mega Millions revenue split?
A: About 60 percent goes to prize winners; 15 percent to retailers, marketing and operations; and 25 percent goes back to the states for government services.

Q: If I buy a Mega Millions ticket am I contributing to good causes?
A: With about 25% of Mega Millions revenue returning to the state it is open to interpretation as to whether or not the money is spent on causes. Here are some good examples of how Mega Millions funding has helped local causes: 27 states earmark it for education. In Colorado it is used for environmental protection ; in Pennsylvania, senior citizen programs; and in Kansas, some of the money pays for juvenile detention facilities.

Q: If I buy a ticket on www.onepoundlotto.com am I contributing to good causes?
A: Absolutely yes as you are purchasing an official ticket?

Q: Do most winners prefer to take the lump sum or the annuity pay out option?
A: Most winner take the lump sum pay out option.

Q: What is Megaplier?
A: Megaplier is an add-on feature to Mega Millions that gives players a chance to win up to $5 million. When players purchase a Mega Millions ticket, they may add Megaplier for $1 more per play to multiply their non-jackpot winnings by up to five times. All non-jackpot prizes will be multiplied by the Megaplier number, from two to five, that is drawn prior to the MEGA MILLIONS drawing

Q: Is the Megaplier available on www.onepoundlotto.com?
A: Not currently.