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Don’t let time run out if you are a winning Powerball ticket holder

Fri 14 Oct 2016, By Dean Cromwell
Don’t let time run out if you are a winning Powerball ticket holder

Are you in the habit of buying lottery tickets and stuffing them in a drawer? It may be time to change the way you play the lottery. It’s all too easy to forget about those tickets when they’re lying in a drawer, gathering dust. That’s why it makes sense to buy lottery tickets online.

For many foreigners it’s the only way they can enter the big international lotteries.

Because the prizes for lotteries such as the US Powerball and EuroMillions are so much bigger than jackpots offered by lotteries in their own country, people from outside the USA and Europe can’t resist them. Factor in a favourable exchange rate and even a smaller prize would make them a multi-millionaire in their local currency.

But even US lottery players will benefit from buying their Powerball tickets online. The internet has made many aspects of our lives more convenient. From communication and banking to shopping, everything happens instantly. And there’s always a record of your transactions. The same is true for the lottery. When you buy your tickets online, you receive an email confirmation of your purchase. Unlike a physical ticket, you cannot lose or damage your email conformation. And even in you accidentally delete it, a record of all the tickets you’ve purchased is available in your account history.

If you play the lottery every week, playing online makes it easy to keep track of your spending and winnings. You can even set up a subscription to the Powerball. That way your credit card is billed before every draw and you don’t even have to log in to your account to make sure you have tickets for the next draw.

The best reason for playing the American lottery online has to be the fact that you’ll forget to claim your winnings. The lottery agent does all the hard work for you. Not only do they purchase official Powerball tickets on your behalf and keep them safe until the draw takes place, they’ll check your tickets against the latest Powerball results too. If you’ve any kind of prize, they’ll email you with the details.

If you’re a Powerball winner, they’ll claim the prize on your behalf and deposit the winnings into your account. You can access your funds from your account and start spending your winnings within days. Many people don’t realise that Powerball tickets do have an expiry date. This differs from state to state, and ranges anywhere from 90 days to a year. Why would anyone want to wait that long to claim their prize?

With two draws every week on Wednesdays and Sundays, it’s not always easy to keep up with Powerball results. And many people don’t bother to check their ticket once they hear the Powerball jackpot has been won in another state. But with a total of nine prize divisions, there are thousands of Powerball winners every week. While some of the prizes are small, there is the guaranteed second-tier prize of $1 000 000 that’s well worth the effort of checking your lotto numbers after every draw. And you could always use the few dollars you could win towards buying tickets for the next draw and another shot at the jackpot.

If a winner doesn’t collect their prize in time, the money is put back into the prize pool. About $2 000 000 000 in lottery prizes goes unclaimed every year. Most of this is made up from the smaller wins that people don’t bother to claim. But the lottery really wants you to claim these small prizes. They know that most people will use that money to buy more lottery tickets.

There’s normally only one reason why people play lotteries such as the US Powerball. The big jackpots are a drawcard and the more it rolls over, the more people buy tickets. And while the big Powerball winners get a lot of attention, there are many more players who win smaller prizes more often. But if you invest $1 000 000 smartly, it could last you well into your retirement.

So if you’re holding on to some old Powerball tickets, it might be a good idea to get them out and check old Powerball results. You could be holding onto a ticket that’s worth a substantial amount. Don’t wait for the deadline to arrive before you claim your prize. Even if it’s only a few dollars, you could buy another ticket for the next Powerball draw. And if you pick the right lotto numbers, you could be the next Powerball jackpot winner.