Welcome Guest
Log In | Register )
You last visited November 30, 2021, 12:18 pm
All times shown are
Eastern Time (GMT-5:00)

EuroMillions jackpot at record levels, capped at €190 million

Oct 23, 2014, 9:46 am

Share this news story on Facebook
Tweet this news story on Twitter
Euro MillionsEuro Millions: EuroMillions jackpot at record levels, capped at €190 millionRating:

By Todd Northrop

For players of Europe's EuroMillions multi-country lottery game, Friday's drawing is the start of a special capped drawing feature that could inflate the second prize level to extraordinary levels.

The €190 million (US$240.4 million) jackpot is the accumulation of 6 draws without a top prize winner since the October 3 "super draw" of €100 million.

Once the Euro Millions jackpot reaches the €190 million point, it becomes the first of up to two capped drawings.  All of the money that normally would have been placed into the jackpot above the €190 million level rolls down into the second prizes.

Second prize is won by matching 5 main numbers plus 1 Lucky Star number.  Winning the jackpot requires matching 5 numbers plus both Lucky Star numbers.

If nobody wins the top prize Friday night, the second capped drawing will be on Tuesday.  For that drawing, all of the money that would normally be used to increase the jackpot will be used to fund a much bigger second prize level.  But if nobody wins the jackpot that drawing, the entire jackpot and second prize pool is split among all the second prize winners.  It could be an incredible payout for a lot of people.

The jackpot cap has been reached a couple of times before.

  • The current jackpot cap of €190 million was reached on August 7, 2012.  Seven lucky second prize winners took home an inflated €2.3 million each, thanks to the roll-down money from the capped jackpot.  There was no jackpot winner, so the next draw 14 second prize winners won €2.6 million each, and the jackpot was won by Adrian and Gillian Bayford, who took home the whopping €190 million prize.  (See UK couple wins massive EuroMillions lottery jackpot, Lottery Post, Aug. 20, 2012.)  Sadly, the couple later split up and Gillian ran off with a car dealer.  (No, I'm not making this up).
  • On July 8, 2011, the jackpot cap of €185 million was reached, resulting in 6 second prize winners of €4.5 million each.  Nobody won the jackpot that drawing, and the second capped drawing on July 12, 2011 produced 11 second prize winners of €2.4 million each.  The €185 million jackpot was won that drawing by Chris and Colin Weir.  (See Britain's record lottery winners go public, Lottery Post, July 15, 2011.)

The EuroMillions jackpot cap only happens rarely, so tickets are expected to sell at a brisk pace across Europe.

Many lottery players play online, and a link is available in the Related Links section below.

Euro Millions is currently available to players in Andorra, Austria, Belgium, France, Ireland, the Isle of Man, Liechtenstein, Luxembourg, Monaco, Portugal, Spain, Switzerland, and the United Kingdom.  Drawings are held Tuesdays and Fridays at 8:45 pm Central European Time in Paris.

All prizes, including the jackpot, are tax-free (except in Switzerland, Spain and Portugal since 2013) and are paid as a lump sum.

Lottery Post Staff

We'd love to see your comments here!  Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment.

22 comments. Last comment 7 years ago by Gleno.
Page 1 of 2
music*'s avatar - DiscoBallGlowing
Fresno, California
United States
Member #157849
August 2, 2014
3959 Posts
Offline

Troll  Please bring Europe's EuroMillions to America Party

    maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
    Massachusetts
    United States
    Member #37432
    April 14, 2006
    2747 Posts
    Offline

    Would you look at that! And no taxes on that bread too. You would have to win 3 times that much over here to walk away with that. I need to find a way to play this game

    That money's gone fo ever

      Avatar
      California
      United States
      Member #141198
      April 7, 2013
      280 Posts
      Offline

      Would you look at that! And no taxes on that bread too. You would have to win 3 times that much over here to walk away with that. I need to find a way to play this game

      if the EuroMillions  jackpot was won by one person, they would walk away with more money after taxes than Gloria Mackenzie who won $590.5 million annuity or $371 million cash from playing Powerball. $371 million is about $222.6 million after paying 39.6% in federal income tax.

      Compare that to the EuroMillions jackpot that is $240.4 million cash and 100% tax free if you're a non US citizen.

      If you were to play the EuroMillions and you won as a US citizen, you would have to pay federal income tax on it because US citizens are taxed on world wide income.

      http://www.irs.gov/Businesses/Income-from-Abroad-is-Taxable

      "If you are a U.S. citizen or resident alien, you must report income from all sources within and outside of the U.S."

        Avatar
        London
        United Kingdom
        Member #140678
        March 24, 2013
        589 Posts
        Offline

        Got my 3 lines ready for Friday, wish me luck!

        £2.50 and a dream!

          Avatar
          California
          United States
          Member #141198
          April 7, 2013
          280 Posts
          Offline

          Got my 3 lines ready for Friday, wish me luck!

          Good luck Josh. Hope you win big.

            ThatScaryChick's avatar - giphy11resized
            Idaho
            United States
            Member #56504
            November 21, 2007
            7457 Posts
            Offline

            Got my 3 lines ready for Friday, wish me luck!

            Good luck. Yes Nod

            "twitter - youtube - steam - instagram"

            ThatScaryChick

              maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
              Massachusetts
              United States
              Member #37432
              April 14, 2006
              2747 Posts
              Offline

              if the EuroMillions  jackpot was won by one person, they would walk away with more money after taxes than Gloria Mackenzie who won $590.5 million annuity or $371 million cash from playing Powerball. $371 million is about $222.6 million after paying 39.6% in federal income tax.

              Compare that to the EuroMillions jackpot that is $240.4 million cash and 100% tax free if you're a non US citizen.

              If you were to play the EuroMillions and you won as a US citizen, you would have to pay federal income tax on it because US citizens are taxed on world wide income.

              http://www.irs.gov/Businesses/Income-from-Abroad-is-Taxable

              "If you are a U.S. citizen or resident alien, you must report income from all sources within and outside of the U.S."

              Ah yes. This topic of taxing lottery wins is one that keeps coming back. Do you know that NYC lottery winners pay taxes on lottery winnings on 3 levels? City, state and federal taxes.  True story too.

              Good luck JoshUK

              Thumbs Up

              That money's gone fo ever

                Drenick1's avatar - villiarna
                USA
                United States
                Member #152792
                February 25, 2014
                1111 Posts
                Offline

                Would you look at that! And no taxes on that bread too. You would have to win 3 times that much over here to walk away with that. I need to find a way to play this game

                I agree! any EuroMillions jackpot is worth 3 times more than any of the advertised jackpots here in the U.S.A.

                  maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
                  Massachusetts
                  United States
                  Member #37432
                  April 14, 2006
                  2747 Posts
                  Offline

                  I agree! any EuroMillions jackpot is worth 3 times more than any of the advertised jackpots here in the U.S.A.

                  It would be nice if the advertised jackpots were closer to the real payouts especially because 90% of the winners take the lump sum option.

                  That money's gone fo ever

                    HaveABall's avatar - rocket

                    United States
                    Member #72446
                    March 18, 2009
                    1391 Posts
                    Offline

                    Ah, then these lottery players dwelling in Switzerland, Spain, and Portugal -- since 2013 -- are taxed heavily as we U.S.A.ers are!  They, too, share our deflated 'walk-away-net-jackpot-winnings' pains and awe.

                    This said, my mind's still uber open to winning a, lump sum, several millions of dollars jackpot in the U.S.A. though!

                    Cheers! Banana

                    Having several millions of dollars in my financial accounts means receiving several valuable services each day!

                    Disney

                      hearsetrax's avatar - alien on_computer.jpg

                      United States
                      Member #52343
                      May 21, 2007
                      3401 Posts
                      Offline

                      Got my 3 lines ready for Friday, wish me luck!

                        RJOh's avatar - chipmunk
                        100
                        mid-Ohio
                        United States
                        Member #9
                        March 24, 2001
                        20272 Posts
                        Offline

                        Ah yes. This topic of taxing lottery wins is one that keeps coming back. Do you know that NYC lottery winners pay taxes on lottery winnings on 3 levels? City, state and federal taxes.  True story too.

                        Good luck JoshUK

                        Thumbs Up

                        What's strange about that?  I won $1500 last year in Ohio's Classic Lotto and I had to do the same thing and I'm retired and living in a town with less than 15K people.  I couldn't even deduct the $3000 I spent on lottery tickets or anything else because my total lost didn't exceed the standard $4500 deduction that everyone gets even if they don't play the lottery.

                         * you don't need to buy every combination, just the winning ones * 

                        Thumbs Up       

                          RJOh's avatar - chipmunk
                          100
                          mid-Ohio
                          United States
                          Member #9
                          March 24, 2001
                          20272 Posts
                          Offline

                          It would be nice if the advertised jackpots were closer to the real payouts especially because 90% of the winners take the lump sum option.

                          I just wished winners could split the jackpot and take a portion in both cash and annuity, especially when it's over $200M.

                           * you don't need to buy every combination, just the winning ones * 

                          Thumbs Up       

                            maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
                            Massachusetts
                            United States
                            Member #37432
                            April 14, 2006
                            2747 Posts
                            Offline

                            I just wished winners could split the jackpot and take a portion in both cash and annuity, especially when it's over $200M.

                            Actually that would be very nice. I never thought about it like that. Half of the lump sum soon after winning and then the rest to come every Christmas fo ever. I'd go for it

                            That money's gone fo ever