Index
This page is a simulation of how lottery numbers are generated using a barrel with ping-pong balls with numbers.
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Click the START button to spin the barrel with the ping-pong balls. |
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This page generates lottery numbers that can be used to play Megamillions, Powerball, Match-5, and other lotteries. For Megamillions, the first five numbers are obtained without replacement from a set of 75 numbers, and a sixth number is chosen from a new set of 15 numbers. The chance of winning a Megamillions jackpot by matching all six numbers is approximately one in 175,711,536. For Powerball, the first five numbers are obtained without replacement from a set of 59 numbers, and a sixth number is chosen from a new set of 35 numbers. The chance of winning a Powerball jackpot by matching all six numbers is approximately one in 175,223,510. The Bonus Match 5 game selects five winning numbers ranging from one to 39. A Bonus Ball is then drawn from the remaining 34 numbers. The Bonus Ball is like a wild card that provides extra chances to win. The chance of winning by matching 5 numbers is one in 575,757. Although the likelihood of winning is small, many people buy lottery tickets because they know that sooner or later someone is going to win, and in order to win you need to have a ticket.
A large multi-million dollar prize can dramatically change your life. With fifty million dollars properly invested, you could spend approximately one million dollars per year for the rest of your life. That corresponds to about 83 thousand dollars per month. Unfortunately, many people who win big prizes do not have experience handling financial transactions and they lose their fortunes by making unwise purchases and investments. Buying a 10 million dollar home, for example, is not a fixed expense. Such an expensive home will have a high real estate tax and high maintenance costs. Significant monthly expenses will be required for taxes, utilities, gardeners, house cleaners and repairmen. A fifty million dollar jackpot will soon vanish without sound financial planning.
The first thing that you should do if you win a big prize is to write your name, address and signature on the winning ticket. Then, lock it up in a safe place, and contact a tax attorney that can advise you how to pay the minimum tax on your prize. Your next stop should be with a financial planner that will help you make a list of financial priorities such as paying off credit cards and mortgages, and to suggest some investment options that will provide you income for life. Think carefully before you invest. Any investment has some risk of losing money. Also, you will not have easy access to your capital while your funds are invested.
