How To Choose Between Traditional Australian And International Lotteries
Choosing between traditional Australian and international lottery games can be a daunting task. Often players can be overwhelmed looking at the different lotteries offered in their own country, let alone the confusion they may face with the prospect of playing international games.
Factors to consider when deciding whether to stay local or go global with lotteries include the cost of entry, taxes, prize amounts, and more. So, here are a few things to consider when it comes to picking between traditional Australian and international lottery games.
MILLIONS VS BILLIONS
Some Australian lotteries typically offer prize pools in the single-digit millions, while international games can offer much bigger prizes and can even reach the billions. In addition lotteries such as the US Powerball and EuroMillions often have much larger prize pools than their Australian counterparts. For example, the US Powerball has a minimum jackpot of USD$20 million (approx. AUD$25 million), while the Australian Powerball’s minimum is AUD$3 million. So if you’re looking for potentially life-changing amounts of money, international lotteries may be worth your while.
P.S. The US Powerball holds the world record for the largest prize EVER awarded at a whopping AUD $2.9 billion!!
Another thing to consider is the game features. Some people prefer a simple and easy-to-understand game, while others prefer a game with more complex rules and various ways to win.
Australian lotteries can be simpler than international lotteries. In some cases, international lotteries often have more special features and additional game types. These lotteries can appeal to those who want a wider variety of options and want to increase their non-jackpot win with features such as multiplier (read more on multiplier here) or enjoy playing additional incorporated games such as La Primitiva’s The Joker.
CAN YOU KEEP A SECRET?
While Australian lotteries offer complete anonymity, international lotteries are a little more complicated. Some states overseas have made it mandatory to reveal your identity in the case of a jackpot win. In some cases, this can be a disadvantage for international players who would prefer to remain anonymous.
However, when playing an international lottery draw through The Lottery Office, Australian and New Zealand residents can remain anonymous in the event of a win. With The Lottery Office, privacy is guaranteed for matched international lottery tickets. For example, suppose you win a prize on a ticket issued by The Lottery Office. In that case, the matched overseas prize will be claimed by The Lottery Office who own that matching foreign ticket. An equal value in winnings will be paid directly into your Lottery Office account. In addition, your name or photo will not be made public without your explicit consent, allowing you to remain completely anonymous while still being in the draw to win massive jackpots.
Australian lottery jackpot wins are tax-free, while some international lottery jackpot wins are subject to income tax in the country where they are drawn. However, due to the significantly larger prize pools in international lotteries, international jackpot wins often still result in larger prizes even after the tax man takes his cut.
Choosing between Australian and international lotteries is genuinely a choice depending on your personal preferences. Factors such as prize pools, lottery location, and game format should all affect your decision. Consider what you want out of your lottery experience, and then make an informed decision about which one to play. Whatever your choice, always play responsibly and within your budget, and don’t forget to dream big!
If you want more information on International Lotteries, you can read more on our blog, 10 Things You Should Know About International Lotteries.
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Taxes. An unavoidable part of life. All winnings with us are free from Aussie and NZ taxes, but what about the prize money we collect from overseas? Is it all tax-free?
Looking to get US lottery tickets online? The Lottery Office lets players buy tickets matched to world-record-breaking lotteries US Powerball and US Mega Millions.