Mega Millions Annuity Jackpot Analysis for Iowa
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The Mega Millions annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year. The table below shows the payout schedule for a jackpot of $200,000,000 would be for a resident of Iowa, including taxes withheld.
Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year. They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money. (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)
Mega Millions Annuity Jackpot Analysis for Iowa Media: You may freely use any information on this page, but you must credit www.usamega.com . The Mega Millions annuity jackpot is awarded
Iowa Lottery Numbers
Click on a quick link to check out the latest Iowa Lottery numbers. Whether you want to know more about All or Nothing or need to find out about the latest winning Pick 4 numbers, you’ll find it all right here.
Current lottery games include: Powerball – Mega Millions – Lucky for Life – Lotto America – Pick 3 – Pick 4.
– Latest Iowa Numbers
Buying Iowa Lottery Tickets
Currently only multi-state games Powerball, Lotto America and Mega Millions are available to play from outside the USA. Visit the Tickets page to find out more.
Iowa Lottery Drawing Schedule
How late can you buy lottery tickets in Iowa? Find out in the table below:
|Game||Draw Days||Draw Times*||Ticket Sales Close At*|
|Powerball||Wednesday & Saturday||9:59 PM||8:59 PM|
|Mega Millions||Tuesday & Friday||10:00 PM||8:59 PM|
|Lucky for Life||Monday & Thursday||9:38 PM||8:30 PM|
|Lotto America||Wednesday & Saturday||10:00 PM||8:59 PM|
|Pick 3||Daily||12:20 PM & 10:00 PM||12:00 PM & 9:40 PM|
|Pick 4||Daily||12:20 PM & 10:00 PM||12:00 PM & 9:40 PM|
|*Times are shown in CT.|
Iowa residents are truly spoiled when it comes to lottery games – not only can they take part in Powerball, Mega Millions, Lotto America and Lucky for Life, they can also indulge in fun in-state games, Pick 3 and Pick 4.
Iowa Pick 3 began in 1998 and is now played twice a day, at around 12.20pm and 10pm. There are five different ways to play, and the type of game a player chooses determines the prizes they can win.
- Straight – Match all three numbers in the order they are drawn.
- Box – Match all three numbers in any order.
- Straight/Box – Match the numbers either exactly or in any order.
- Front Pair: Match the first two numbers in the order they are drawn.
- Back Pair: Match the last two numbers in the order they are drawn.
|Type of Play||Odds||$0.50||$1||$2||$3||$4||$5|
|Straight||1 in 1,000||$300||$600||$1,200||$1,800||$2,400||$3,000|
|Box 6-Way||1 in 167||$50||$100||$200||$300||$400||$500|
|Box 3-Way||1 in 333||$100||$200||$400||$600||$800||$1,000|
|Straight/Box 6-Way Exact||1 in 1,000||N/A||$350||$700||$1,050||$1,400||$1,750|
|Straight/Box 6-Way Any||1 in 167||N/A||$50||$100||$150||$200||$250|
|Straight/Box 3-Way Exact||1 in 1,000||N/A||$400||$800||$1,200||$1,600||$2,000|
|Straight/Box 3-Way Any||1 in 333||N/A||$100||$200||$300||$400||$500|
|Front Pair||1 in 100||$30||$60||$120||$180||$240||$300|
|Back Pair||1 in 100||$30||$60||$120||$180||$240||$300|
A 3-Way game is used to describe a selection where two of the three numbers are the same, for example 112, as there are only three different ways the numbers can be ordered (112, 121, 211). If a selection has three different numbers, for example 123, it is called 6-Way (123, 132, 213, 231, 312, 321).
Pick 4 is a very similar game to Pick 3, except players must select four numbers and there are even more ways to win. It is possible to win up to $30,000 for matching four main numbers in the order they are drawn.
Iowa Scratch Cards
The Iowa Lottery also sells a wide variety of Scratch and pull-tab games. These instant win games are sold at authorized retailers alongside tickets for draw games, but the difference is that you could win a cash prize straight away if you pick up a Scratch ticket or a pull-tab ticket. Why not pick up one today and see what happens?
Claiming Iowa Lottery Prizes
Due to the Coronavirus outbreak, there have been some changes in the way you claim prizes in Iowa. You can find updates on our dedicated Coronavirus Lottery Updates page.
You’ll have 90 days from the draw date to claim any prizes you won from Iowa draw games like Pick 3 and Pick 4. Scratch, and pull-tab wins must be redeemed within 90 days of the official end-of-game date. InstaPlay prizes need to be collected within 90 days of purchase. Winners have 365 days to claim prizes from multi-state lottery games like Mega Millions, Powerball, Lucky for Life and Lotto America.
All prizes under $1 million may be collected via mail (see below).
If you win up to $600 on a lottery or Scratch game, then you can also redeem your prize from any authorized retailer. If you win up to $600 on a pull-tab game, then you need to go back to where you purchased the ticket in order to claim your winnings.
The lottery has also implemented a secure dropbox for leaving claims at its Clive headquarters – contact the lottery for details if you are interested in using this option.
Prizes of $1 million and above and some merchandise prizes must be claimed in person at lottery headquarters in Clive; contact the lottery to arrange an appointment.
Prizes worth $600 or more will be subject to a state tax of five percent and all prizes worth $5,000 or more will be subject to an additional federal withholding tax of 25 percent.
Claim a prize by mail
To claim your prize of under $1 million by mail, fill out the details on the back of the ticket and send it to the address below.
If the claimant is a minor, a parent or guardian must also sign the ticket.
If the prize is over $100 then you’ll also need to complete a claim form and the Federal Form W-9.
For prizes over $600, include the ticket and above documents as well as a copy of a government-issued photo ID.
13001 University Ave
Clive, IA 50325-8225
History of the Iowa Lottery
The Iowa Lottery was created in April 1985 and the first tickets went on sale on August 22nd, 1985. As a founding member of the Multi-State Lottery Association (MUSL), Iowa began selling Lotto*America tickets in 1988. Powerball tickets went on sale in 1992 and the lottery started participating in Mega Millions in January 2010.
Since it was first established, the Iowa Lottery has generated more than $1.5 billion for state initiatives. Revenue from lottery ticket sales goes towards supporting Iowa’s veterans, projects under the supervision of the state General Fund and Vision Iowa, which helps create attractive tourist destinations.
The All or Nothing game stopped on the 30th June 2017.
You must be at least 21 years old if you want to play games offered by the Iowa Lottery.
View the Iowa Lottery numbers and prize payout information for Powerball, Mega Millions, Pick 4 and more. Are you an IA Lottery winner?