Everyone who plays the California lottery will know that there are several games available to play and if you are lucky enough to win one of them, it could change your life forever.
So what do most people consider the most important CA lottery to play? Well, in my opinion, it has to be the “Mega Millions” drawing that takes place every Tuesday and Friday.
One question I ask before playing the lottery is, are the winnings taxable? Lottery prizes over $ 599 are taxable. However, there are currently no California state / local taxes. (Declared on the official CA lottery site)
Now, obviously, we all dream of winning the lottery, don’t we? Who has not sat down alone or even with a group of friends and discussed what they would buy with their earnings. Be it a new wardrobe of clothes, a new sports car (mine is actually a red Ferrari F350 soft top). Maybe even a luxury home.
So what are the odds of winning?
Well, the overall odds of winning any MEGA Millions prize that you can play on “CA Lotto” are roughly 1 in 40, while the odds of winning the top jackpot are roughly 1 in 176 million.
However, don’t let those numbers put you off. There really are ways that you can improve your chances of winning.
EXCUSE ME?
Spend more – Yes, this is obvious, but buying more than one lottery ticket will improve your chances of winning.
To distribute – Another way to improve your chances of winning the lottery is to join a lottery syndicate. This could be at work, perhaps with some friends or even other members of your family.
Lottery systems – Now, obviously if you choose this option, you will have to make an initial payment. However, the return on your investment could be multiplied by ten.
Community
Now, the great thing about participating in the CA “Mega Millions Lottery” is that 94 cents of every dollar spent by players goes back to the community in the form of contributions to public schools and universities.
In total, California schools have received more than $ 24 billion in Lottery funding since the Lottery began in October 1985. This contribution currently represents approximately 1.5% of the state’s annual public school budget.
So if you are a California resident, it really makes sense to enter the Mega Millions lottery. You could not only get rich. You also know that you are personally helping your own community.