Question On Dividing Up a Lottery Win?

Question

I understand that for jackpot prizes, you may have to divide the winnings with other people that have the same number.

However, what happens if several people win a lesser prize like $2500?

For example:

Match 5 of 6: 14 (numbr of winners) $2,500 (prize amount)

Does that mean that those 14 winners will have to divide up $2,500? Or will they ALL get $2,500?

How high of a prize does it go before they start dividing the money for multiple winners?

Answer 1

They always divide the money.  Its all a calculated risk and odds.  Its all there on your state's lotto site.

Answer 2

It depends on the state you played in (you can go to your states lottery website for specific rules) -- most times, if you win the "lesser" prize then it is NOT split -- you'd all get the $2,500!!!

I hope this is more than hypothetical!!! Congrats!!! :D

Answer 3

Each prize level has a certain amount of money allocated to it. It is only when there is an inordinate amount of winners at a certain prize level that they have to divide it up. The state expects a certain number of winners at each prize level and prepares for it.

example: The state sets aside $275,000 in money for it's $100,000 prize. If 1 or 2 people win, they each get the $100,000. If 3 people win, they each get $91,666. If 4 win, $68750.  

Answer 4

Yes, you`re right. 14 winners 14 equal shares of the lump sum.

2,500 divided by 14.