Pick 6 XTRA
Anyone who is interested in lotteries should know by now that of the many countries in the world that have lotteries, the US stands out as the country with a good number of top-rated lotteries. Lotteries such as the Powerball and the MegaMillions promise large jackpot amounts and are played internationally. Some lotteries however are restricted to members of a particular area.
An example of such a lottery is the New Jersey Pick 6 Lottery commonly referred to as the NJ Pick 6. The NJ Pick 6 lottery which was launched on the 9th of May 1980 was one of the first games of its kind. Operated by the New Jersey Lottery – an organization which was founded in 1970, this lottery follows the same 6/49 matrix that many other lottery games from different parts of the world follow.
About The Organization
The NJ Lottery Organization is also the operator and supervisor of lotteries like the Jersey Cash 5, Pick 3, Pick 4 and the Cash 4 Life. In addition, the organization is also the operator of the Mega Millions and Powerball lotteries in the state of New Jersey.
So, if you are wondering whether the NJ Pick 6 lottery is a scam, you can cast all doubts away. The NJ Lottery Organization uses a portion of the money gotten from the lottery to support good causes such as education and health in the U.S. and this has led it to contribute well above $23 Billion to such good causes over the years.
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NJ Pick 6 XTRA Lottery Game Rules
As the name shows, the Lottery was originally just the Pick 6 lottery; the XTRA feature was added later on. The game originally required that players pick 6 numbers from a poll consisting of balls from 1 to 39, which will be selected during the game’s draw. To win a prize, players then had to match 4 of the 6 balls drawn. The numbers were later increased to 42 before they were finally increased to 49 to accommodate the 6/49 matrix which the game now follows. The adoption of the current 6/49 format took place in the year 2000. This change also added a new prize tier for players who match 3 of the 6 balls – $3.’
The Pick 6 lottery requires that for a player to participate in the draw of the lottery, he/she should select 6 numbers from a pool of numbers from 1 to 49. Each entry on the Pick 6 ticket costs $1 dollar so the cost of your ticket depends on how many entries you play. The NJ Pick 6 also gives players the chance of playing the same numbers for a maximum of 8 consecutive draws. By marking the numbers, you wish to play on the bet slip, you will be able to participate in the number of draws you desire.
Another great feature of the Pick 6 lottery is the Quick Pick which allows a player to allow the computer to automatically generate and randomly select numbers for the player. Players can ask their retailer for a Quick Pick or check the Quick Pick circle if they are using a play slip. Of course, in addition to that, players can select their numbers manually.
A key feature of the Pick 6 lottery is the XTRA option. Added to the lottery on the 15th of January 2015, this feature allows players to increase the amount for their non-jackpot prizes. To activate the XTRA feature, simply check the XTRA option circle on the Pick 6 play slip. The cost for the XTRA feature is $1. With this option, players who match at least 3 of the 6 numbers drawn will have their winnings multiplied by the XTRA multiplier, with the exception of the jackpot.
Also, matching 2 of the 6 numbers also guarantees you a $2 prize. The XTRA multiplier ranges from 2 to 5. Players should make sure they check their betting slips before handing them over to the authorized agent for their ticket to be printed. Also, as with other betting slips, care should be taken not to damage the barcode on the ticket as this might result in the delay of the ticket due to scanning problems.
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Winning the Pick 6 XTRA and Prizes
The Pick 6 XTRA has an annuitized guaranteed minimum jackpot amount of $2 million (with a cash lump sum option). However, as with many other major jackpots, the $2 million prize increases to huge amounts because of rollovers. The draws for this lottery game are held every week on Monday and Thursdays at around 7:57 PM. During the draw, six balls are drawn from a pool of balls from 1 to 49.
Players win prizes when they match at least three of the six numbers (2 numbers if the XTRA feature is played). As with other 6/49 matrix games, the jackpot amount is won when a player’s selected balls match the six balls drawn. If no player matches all six balls, the jackpot is rolled over by $200,000 until there is a jackpot winner. The odds of winning the NJ Pick 6 XTRA jackpot stand at 1 in 13.98 million.
Apart from the jackpot prize, there are three other prize tiers (4 if the XTRA feature is played). Players who match 3 to 5 balls are also entitled to prizes. The prize amount increases commensurate to the number of balls matched. So, the prize for matching 5 of the 6 numbers is higher than the prize for matching 3. The XTRA feature also gives players who match 2 of the 6 a chance to win a prize of $2.
Also, it increases the prize amounts of the other prize tiers except for the jackpot by the XTRA multiplier. As such, if a player wins the second prize tier, the total amount of his winnings is multiplied by the XTRA multiplier. While playing the lottery, players should bear in mind that the state of New Jersey has a 25% tax on all prizes in excess of $5,000. For Non-US residents, there is a 30% tax which applies to prizes in excess of $300.
Tax Laws For International Players
International players are also advised to check the tax laws in their countries. Also, like the Mega Millions and the Powerball, the Pick 6 XTRA allows the player to choose the method of payment. Payments can be made in the form of a one-time cash lump sum amount or an annuitized payment over a 26-year period. The cash lump sum prize is taxable while the 26-year annuitized payment is interest-bearing.