What if a Canadian wins the $1.9B Powerball lottery?

The overall chances hover around one in 292.2 million

  12

by

Online only.

  12

The U.S. Powerball jackpot climbed to a record US$1.4 billion after Saturday’s draw yielded no winner and thousands of Canadians are buying tickets online for a chance to win the massive prize (which now amounts to CA$1.98 billion), according to global lottery site TheLotter.

In the past, Canadians would have been required to cross the border to buy American lottery tickets. However, the site started selling tickets online for Canucks a few years ago.

Before you get too excited, remember that the chances of winning the Powerball is hovering at around one in 292.2 million, according to Global News.

So what happens if a Canadian does win during this week’s Wednesday draw? Well they’ll be taxed 5% more than a U.S. winner. Global reports that the federal taxation rate on lottery winnings for non-U.S. residents is 30% of the gross winnings, compared to 25% for American residents. Luckily, lottery winnings are not taxed by the Canadian federal government, so a victor north of the border may still be better off than a U.S. resident (where many states impose additional taxes).

Winners have the option of being paid a sum annually over 29 years or an immediate lump-sum of the available cash amount.

If you don’t decide to flock to the U.S. Powerball, here’s how to win a Canadian lottery.

If you can taste victory already, here’s what you shouldn’t do with a windfall worth millions.

And alternatively, here’s what you should do with your Powerball winnings.

Maybe you’d be better off not winning at all. Some lottery winners have pretty sad stories.

And hey, even if you don’t win, you’re way more likely to accomplish one of these things.

—This story was updated on Jan. 11, 2016 to reflect the new value of the Powerball lottery—

 

12 comments on “What if a Canadian wins the $1.9B Powerball lottery?

  1. winning and collecting are two differant stories.have claimed a number of things in the past but none where delivered.

    Reply

    • how i can win the lottery?

      Reply

  2. Where exactly can you purchase Powerball tickets online?

    Reply

  3. According to powerball.com it is illegal to sell to someone outside of the state or country. You don’t need to be a resident to win, but have to go to a state selling the tickets. Thanks for wasting my time — unless you can show a site LEGALLY selling tickets.

    Reply

  4. This article does not say how much taxes will the Canadian Revenue Agency impose on the Canadian winner’s winnings from the USA Powerball lottery. If a Canadian win this lottery he can afford to hire a few CGAs or CAs, eh ???

    Reply

    • You don’t pay taxes on lottery winnings so the CRA would get none of it.

      Reply

  5. If I win, I will give you some money :)

    Reply

  6. I travelled to Washington, and mentioned to the US border Officer that my intent was to go and buy a lottery ticket, he mentioned that Canadians can buy the ticket and return to Canada. BUT Canadians are not allowed to bring that ticket back to US soil and if they did they would be arrested and charged etc… He mentioned that it is a US federal offence for a Canadian to bring lottery lickets to US soil. I have sent a quiry to them the other day but have not received a reply yet From what i understand the ticket and owner of the ticket have to stay in the states to redeem the prize, but once they return to Canada they cannot bring ticket back to redeem the prize. Can you clarify

    Reply

    • Law is that “All persons” not just Canadians are prohibited.

      In the case of WA state, a US citizen driving from Pt. Roberts would cross into Canada and back into the US would be bring a crossing back into the US should not be allow to bring any lotto tickets with them.

      Wonder when century the law was written?

      Anyone have more information?

      Reply

  7. I buy my Powerball tickets and other lottery tickets at Lotto365.com. Never had an issue with them and they have a lottery pool called MegaLines.
    It’s only $19 for 100 lines and it’s worth it to win 13 mil for each entry. They accept Canada so no issues there.

    Reply

  8. Story on CTV’s website: Powerball dreams, Canada? A U.S. law could get in the way

    http://bit.ly/1Zi8jTz

    U.S. law does not forbid foreigners from buying tickets or winning the lottery, and according to the Powerball website, “You do not have to be a citizen or a resident to play the game. You can be a tourist.”

    But if a Canadian buys a ticket, takes it home, and then tries to bring it back into the United States, they risk violating a law that forbids importing “immoral articles.”

    According to the law, “all persons are prohibited from importing into the United States from any foreign country any … lottery ticket, or any printed paper that may be used as a lottery ticket, or any advertisement of any lottery.”

    My question: if someone buys a ticket in Pt. Roberts (USA), if driving the need to cross into Canada then back into the US to get to Seattle to claim the ticket. Under the law, they would not be allow to “import” the ticket.

    Reply

Leave a comment

Your email address will not be published. Required fields are marked *