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Is it better to play quick pick for Powerball?

"The lazy way out is to buy quick-picks. The computer picks out the numbers. Don't play quick-picks. Quick-picks are the worst thing you can do, you are playing with the worst odds," he says.

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Saturday's Powerball drawing is a staggering $320 million. With such an enormous sum at stake, who better to turn to then Richard Lustig — seven-time lottery grand prize winner and author of "Learn How To Increase Your Chances of Winning The Lottery" — for tips on how to win. Lustig says he's been playing the lottery for about 25 years. He claims to play every day, but in the first few years, he says he was not winning very much. So Lustig decided to come up with a method, which he claims has helped him win seven grand prizes, including his last jackpot of $98,000 two-and-a-half years ago. Lustig says a guaranteed way to increase your chances of winning the lottery is simply by picking your own numbers versus using the "quick-pick" ticket option. "It doesn't matter how you pick your numbers, once you pick your set of numbers, research them to know if it's a good set of numbers and stick with them. There's no magic method to picking your numbers, I get emails every day asking. One number doesn't win the jackpot, a set of numbers does," says Lustig. "The lazy way out is to buy quick-picks. The computer picks out the numbers. Don't play quick-picks. Quick-picks are the worst thing you can do, you are playing with the worst odds," he says. Lustig believes that what matters is whether the set of numbers people pick is a good one or not. To know this out however, one has to research the numbers in a method only taught in his book, which, as we found out, he guards very closely ... unless you buy the book. "The research is not that easy, it takes some time. Anything in life that's worth having takes time," says Lustig. Another important part of playing the lottery, Lustig cautions, is setting a budget of how much you can afford on tickets. "Don't get lottery fever- don't use your grocery money, or your rent money. Remember one thing, if there is one winner on Saturday night, there will be millions of losers, don't be that person Sunday morning worrying about how you can pay back the money you spent," says Lustig. One secret Lustig will share is that he believes picking the same numbers regularly, even if you are losing, gives you more edge in the next drawing. Lustig says he will absolutely be playing Saturday's Powerball. But when asked what numbers he'll be playing, he wouldn't share.

"Not telling. Good try though," said Lustig.

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Are most Mega Millions winners quick picks?

When it comes to quick pick tickets, or the machine picking your numbers, the Multi-State Lottery Association said: “With the data available, roughly 80% of Powerball jackpot-winning tickets are quick picks. The reason the percentage is so high is because the majority of purchases are quick picks.

After taxes, the $1.9 billion Powerball jackpot comes to about $555,360,115.

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INDIANAPOLIS — It's the biggest Powerball ever at an estimated $1.9 Billion. The chances of winning it? One in 292 million.

Taxes

The estimated Powerball prize is $1.9 billion, but the cash value is $929 million. But before you start your mental spending, Uncle Sam and a few others will want their shares first. If you take the $929 million lump sum payment, federal taxes will knock your winnings down to $585,370,045 according to the USA Mega. Then, Indiana will stick its hand in the pot bringing the amount down to $555,360,115.

Marion County resident? Subtract another 2.02%.

That leaves you with an estimated $536,592,295.

As for other taxes, the state's Department of Revenue said, "Lottery winnings would simply be taxed as income — there are no additional taxes collected on those earnings that wouldn’t apply to income earned from any other means."

Quick Pick vs. Picking Your Powerball Numbers

When it comes to quick pick tickets, or the machine picking your numbers, the Multi-State Lottery Association said: “With the data available, roughly 80% of Powerball jackpot-winning tickets are quick picks. The reason the percentage is so high is because the majority of purchases are quick picks. If the majority of players selected their own numbers, we would expect to see a higher percentage of manual picks.” If you want to pick your own numbers, the main numbers drawn most often since 2015 include 61, 32, 63, 21 & 69 according to lottonumbers.com.

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