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While the largest lottery prizes in the early history of U. S. state lotteries were “annuity-only”, these lotteries gradually introduced a “cash option” for these games. All lottery winnings are subject to Federal taxation (automatically reported to the Internal Revenue Service if the win is at least $600); many smaller jurisdictions also levy taxes. The IRS requires a minimum withholding of 25% of the prize of any gambling win in excess of $5, 000. However, the net for a major prize often is misleading; winners often owe the IRS upon filing a return because the Federal withholding was below the winner’s tax obligations. Nonresident U. S. lottery winners have 30% of winnings of at least $600 withheld. This is a collection of notable lottery jackpot records in the United States, Europe and the Philippines, listing the largest prizes/jackpots awarded in various drawings. All Lotto Jackpots begin at $1, 000, 000 and keep growing until someone matches all six numbers to win!