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Biggest Jackpots Of All Time
Top 10 Biggest Lottery Jackpots
With so many HUGE Rollovers recently, even the keenest Lotto fans could be forgiven for losing track of all the MASSIVE Jackpots!
From the record-busting $2 BILLION PowerBall win in 2022 to the First Jackpot over $1 Billion back in 2016, we’ve ranked the 10 BIGGEST Jackpot wins EVER!
With ENORMOUS prize pools to bet on every week at Lottoland, could YOU join these lucky winners?
Note that because the United States taxes lottery winnings, this reduces the actual payout of jackpots for lotteries like Powerball and Mega Millions. As a result, we’ve put the cash winnings per player in the second column of the table.
| BIGGEST JACKPOTS & LOTTERY WINNINGS IN THE WORLD | |||
|---|---|---|---|
| Jackpot | Winnings per Ticket | Lottery | Date |
| $ 2,04 billion | $ 998 million |  |
November 7th, 2022 |
| $ 1,586 billion | $ 328 million** | |
January 13th, 2016 |
| $ 1,537 billion | $ 878 million |  |
October 23rd, 2018 |
| $ 1,337 billion | $ 780 million | |
July 29th, 2022 |
| $ 1,050 billion | $ 777 million | |
January 22nd, 2021 |
| $ 768 million | $ 477 million | |
March 27th, 2019 |
| $ 759 million | $ 481 million | |
August 23rd, 2017 |
| $ 731 million | $ 546 million | |
January 20th, 2021 |
| $ 656 million | $ 158 million** | |
March 30th, 2012 |
| $ 648 million | $ 174 million* | |
December 17th, 2013 |
Comments
*Won by two players
**Won by three players
Our Methods
To produce our “Winnings Per Ticket” figure, we have accounted for the sum an individual would have received after local taxes, as US Lotto winnings are subject to tax. We used a 38% tax rate for our calculation.
It is common for U.S. lotteries to pay out lottery jackpots as an annuity ("Annuity Option") over several years. For example, the MegaMillions Jackpot is paid out over 30 years if the Annuity Option is chosen.
Players can also opt for a Lump Sum payment, but this figure will be significantly less than the full Jackpot amount.
At Lottoland, Tier 1 Winning Bets on PowerBall and MegaMillions are paid out as 30-year increasing annuity payments or as a discounted lump sum at a discount rate of 38%.
Tier 1-3 Winnings Bets on PowerBall and MegaMillions are also subject to an additional 38% reduction, mirroring the typical US tax deductions for local winners.
Record jackpots won at Lottoland will be paid out without tax deductions.
Sources
http://en.wikipedia.org/wiki/Lottery_jackpot_records
http://de.wikipedia.org/wiki/Lotto#Eurojackpot_in_Europa
http://www.megamillions.com/difference-between-cash-value-and-annuity
http://www.forbes.com/sites/janetnovack/2012/03/30/how-much-tax-will-you-owe-on-540-million-jackpot/
