About Lotto America
Lotto America is a multi-state sweepstake run by the Multi-State Lottery Association. The game, previously called Lotto America, currently accommodates thirteen State lotteries. Besides, it is a cheap-to-play game.
You only need to spend a dollar on the ticket. There is, however, an All-Star Bonus Option that requires two dollars to play. But how do you participate in the event? It’s simple. You must select five red balls from a cluster of fifty-two to qualify. More so, you must pick one extra shot from a grouping of ten balls to get listed on the Lotto America Star Ball sweepstake.
Your odds of winning two million dollars or more are high. The Grand Prize amount, anyhow, increases by fifty thousand dollars if there is no winner. But that value can rise in subsequent matches. In brief, you have nine ways of winning the lottery.
Recall, five correct numbers earn you the Grand Prize. The right Star Ball makes the reward bigger and better. Better still; you win for any subsequent balls you match below the value of five. Heck, a single Star Ball can even earn you two dollars.
You must, therefore, participate in the game when in West Virginia, Tennessee, South Dakota, North Dakota, Oklahoma, New Mexico, Minnesota, Montana, Maine, Kansas, Iowa, Idaho, and Delaware. But watch out for the Wednesday and Saturday draws to get the new winning numbers. You can then redeem the trophy within a year.
Timeframes are, however, dependent on your location. You must then claim the gift either as a lump-sum amount or in an annuity. Going for the pension is better than getting a lump-sum payout, and here is why. One-Time cash outs attract high taxation rates. The annuity, however, distributes the payouts into twenty-nine installments. You, therefore, have the guarantee of getting money every year and for the next thirty years.