| PowerBall
is a lotto game which is a combined large jackpot game
and a cash game. Every Wednesday and Saturday night at
22:59 USA Eastern Time, five white balls are drawn out
of a drum with 53 balls and one red ball out of a drum
with 42 red balls. Players win by matching one of the
9 ways to win. The jackpot is won by matching all five
white balls in any order and the red PowerBall. The second
prize (won by matching five white balls in any order)
is US $100,000 paid in cash. There are 7 more tiers of
prizes for a total of 9 tiers, more than any lottery in
Europe or Asia. Any time you match the red PowerBall,
you win. The overall odds of winning a prize in the game
is better than 1 in 36. |
Jackpots
|
Minimum per draw |
- US $10 Million |
| Average
per draw |
- US $25 Million |
| Largest
Jackpot |
- US $103.5 Million (Sept 14th,2002) |
| Annual
Payout |
-
Over One Billion US Dollars Per Year |
| Winners
Per Week |
-
Over 650,000 |
 |
|
Payout
Method and Taxes
Jackpot is lump sum or 29 year annuity. All other prizes
paid lump sum in cash including US $100,000 second prizes.
Winnings subject to US taxes but are refunded to residents
of countries with USA tax treaties, over 100 countries worldwide.
Prize
Pool Division
|
If
you match |
You
Win |
| Tier
1 JACKPOT |
5
WHITE BALLS + POWERBALL |
US
$10,000,000.00 to
US $103,500,000.00 |
| Tier
2 |
5
WHITE BALLS |
US
$100,000.00 |
| Tier
3 |
4
WHITE BALLS + POWERBALL |
US
$5,000.00 |
| Tier
4 |
4
WHITE BALLS |
US$100.00 |
| Tier
5 |
3
WHITE BALLS + POWERBALL |
US
$100.00 |
| Tier
6 |
3
WHITE BALLS |
US
$7,00 |
| Tier
7 |
2
WHITE BALLS + POWERBALL |
US
$7.00 |
| Tier
8 |
1
WHITE BALL + POWERBALL |
US
$4.00 |
| Tier
9 |
POWERBALL
ONLY |
US
$3.00 |
|
|
|
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