Although they are not actually Venus and Mars, there are some important differences between the state lottery drawn in the United States and the lottery drawn on world lottery websites.
State Lotto Vs Global Lotto: the main differences
The biggest difference is that with a global lottery site, you can bet on a combination from virtually anywhere in the world. In the United States, state lottery tickets can only be purchased at state-accredited retail stores. In the state of Florida, for example, you can only buy tickets from 13,000 state retailers, and winning tickets must be completed and mailed to the claims processing department of the state lottery department.
Any type of lottery is still popular
Of course, this huge difference doesn’t really change the fact that the lottery is by far one of the most popular forms of gambling. Regardless of where you are playing your lottery, the game plays the same. You choose a combination from a set of numbered balls. The most common forms of lottery are the 40 ball lottery and the 49 ball lottery. To increase your chances of winning, you need to know a little about probability, which is something many of us should have learned in our high school math classes.
Instead of buying unique combinations, what you can do is build a system entry and choose a combination. System entries in the lottery range from eight number system entries to fifteen number system entries. By applying some probability formulas, you’ll discover that it doesn’t really matter how many balls are in the drawing; you increase your chances of winning simply by maintaining a system of fifteen numbers. You increase your chances of winning more than 5,000 times simply by betting on a fifteen number system.
State Lotto Vs Global Lotto: Which Should You Choose?
Now that you know the math, you may be wondering if there is a particular benefit to betting on the state lottery compared to global lottery sites. The answer is yes. State lottery winnings are subject to tax of up to 25% for prizes over $5,000 and if the winner is a US citizen or alien with a Social Security card. The earnings of non-resident foreigners are taxed at 30%.
With global lottery sites, prize money is not taxable. Depending on the amount, your win could be credited to your credit card (for small amounts) or transferred to your bank account (for large cash prizes).
The drawback of global lottery sites
The only drawback is that the price for participating in global lottery sites may be higher than the price charged by the official lottery draw operators. International buyers, especially those from countries with weak currencies, may find it very expensive to join due to the official currency used on these sites – the US dollar. Consider the actual cost of joining before settling on a global lottery site or a lottery draw operated by your own country.
In either case, you will benefit from various cash prizes, which generally range from thousands to millions of dollars.