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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 |
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| Average
per draw |
- US $25 Million |
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| Largest
Jackpot |
- US $103.5 Million (Sept 14th,2002) |
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| Annual
Payout |
- Over
One Billion US Dollars Per Year |
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| Winners
Per Week |
- Over
650,000 |
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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 |
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| Tier 1
JACKPOT |
5 WHITE
BALLS + POWERBALL |
US $10,000,000.00
to
US $103,500,000.00 |
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| Tier 2 |
5 WHITE
BALLS |
US $100,000.00
|
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| Tier 3 |
4 WHITE
BALLS + POWERBALL |
US $5,000.00 |
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| Tier 4 |
4 WHITE
BALLS |
US$100.00 |
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| Tier 5 |
3 WHITE
BALLS + POWERBALL |
US $100.00 |
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| Tier 6 |
3 WHITE
BALLS |
US $7,00 |
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| Tier 7 |
2 WHITE
BALLS + POWERBALL |
US $7.00 |
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| Tier 8 |
1 WHITE
BALL + POWERBALL |
US $4.00 |
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| Tier 9 |
POWERBALL
ONLY |
US $3.00 |
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