What is Powerball
Powerball is one of the biggest lotteries of the world. It is organized by 44 US states, creating a common jackpot.
When is Powerball drawn?
Draws are held 2 times a week, usually in Tallahassee, Florida, USA.
- Wednesday 22:59 ET
- Saturday 22:59 ET
How much does 1 Powerball ticket cost?
The price of one block or line of numbers is 2 USD. The Powerplay option is an additional 1 USD for each block.
How much can you win in Powerball?
The minimum jackpot of Powerball is 40.000.000 dollars (annuity). The largest jackpot ever was on 16 February 2006, 365.000.000 dollars.
The jackpot always shows the annuity value, not the cash value. The cash value is smaller.
How to play Powerball
Powerball is easy to play. The participants have to select 5 numbers from 1-59 and select another number, the so called Powerball number from the range of 1-35.
If a player purchases PowerPlay, then all the winnings will automatically be paid based on the PowerPlay prize table, where prizes are 2-4 times higher than in the original prize table.
|Powerball blank form|
|Paid Powerball slip|
Who can play Powerball
Any 18+ year old person who resides in a participating state. Powerball is also available through online surfaces of syndicates and purchasing services.
Where to buy Powerball offline
Powerball can be purchased at the local retailers such as post offices, newsstands, stores, etc.
Where to buy Powerball online
- Powerball can not be purchased online on the websites of any of the participating states – as of 2012-July.
- Powerball can be purchased through global ticket purchasing services
E.g. Lottobroker.com: Play Powerball Online
How to win Powerball
Powerball has to payment options for the jackpot winner.
- cash payment – in two installments
- graduated annuity – in 30 yearly installments. The amount of the jackpot represent this value.
All other prizes are lump sum cash prizes.
What are the winning prize categories?
Powerball has fix winning prizes for each category.
|Matches||Prize||Odds of winning|
|Powerball only||$4||1 in 55.41|
|1 number + Powerball||$4||1 in 110.81|
|2 numbers + Powerball||$7||1 in 706.43|
|3 numbers||$7||1 in 360.14|
|3 numbers + Powerball||$100||1 in 12,244.83|
|4 numbers||$100||1 in 19,087.53|
|4 numbers + Powerball||$10,000||1 in 648,975.96|
|All 5 numbers||$1,000,000||1 in 5,153,632.65|
|All 5 numbers +Powerball||Jackpot||1 in 175,223,510.00|
What is the tax on Powerball winnings?
First of all the jackpot winner have to pay:
- 25% Federal tax
- State tax – as of 2012 July:
- Arizona 5%
- Arkansas 7%
- Colorado 4%
- Connecticut 6.7%
- Delaware: 0!!!
- Florida: 0!!!
- Georgia: 6%
- Idaho: 7.8%
- Illinois: 5%
- Indiana: 3.4%
- Iowa: 5%
- Kansas: 5%
- Kentucky: 6%
- Lousiana: 5%
- Maine: 5%
- Massachusets: 5%
- Michigan: 4.35%
- Minnesota: 7.25%
- Missouri: 4%
- Montana: 6.9%
- Nebraska: 5%
- New Hamspire: 0!!!
- New Jersey: 10.8%
- New Mexico: 6%
- New York: 8.97%
- North Carolina: 7%
- North Dakota: 5.54%
- Ohio: 6%
- Oklahoma: 4%
- Oregon: 8%
- Pennsylvania: 0!!!
- Rhode Island: 7%
- South Carolina: 7%
- South Dakota: 0!!!
- Tennessee: 0!!!
- Texas: 0!!!
- Vermont: 6%
- Virginia: 4%
- Washington: 0!!!
- Washington D.C:: 8.5%
- West Virginia: 6.5%
- Wisconsin: 7.75%