Lottery jackpot is a game where balls with numbers from 1 to 30 bounce around in a machine, and players pick a series of numbers that they hope will be drawn during a drawing. If they match three, four, or five numbers, they win a small prize; six numbers mean the jackpot, which grows until someone wins it. The odds of winning are very low.
Super-sized jackpots drive lottery sales, and they also earn the games a windfall of free publicity on news sites and TV shows. To make sure that the top prizes grow to newsworthy sizes more often, lottery officials change the odds. The hope is that the higher odds will create jackpots that roll over for weeks, and that this will generate more ticket sales.
Many people who win the lottery opt for a lump sum payment, which gives them full access to the entire prize right away. The downside is that it will put them in the highest tax bracket for that year, and will result in a substantially larger tax bill than they would face with an annuity.
The best thing to do with a big windfall is to invest it wisely. Ideally, this is done through a blind trust so that the money is not publicly associated with you. This is a good way to avoid blowing it on Porsches, huge houses, and other extravagances that will quickly show the world your newfound wealth.