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When Is Power Ball And Mega Milliom Drawings

Written By Sunday, April 3, 2022 Add Comment Edit

American lottery game

Powerball
Powerball logo.svg
Formation Apr 19, 1992; 29 years ago  (1992-04-nineteen)
Location
  • United States
Owner Multi-State Lottery Association
Website powerball.com

Powerball is an American lottery game offered by 45 states, the District of Columbia, Puerto Rico and the U.Southward. Virgin Islands. It is coordinated past the Multi-Land Lottery Association (MUSL), a nonprofit organization formed past an understanding with lobbyists and United states corporations. From its countdown drawing on April 19, 1992, until August 21, 2021, Powerball drawings were held twice a week (Wednesday and Saturday); a third weekly drawing (held Mondays) was added on August 23, 2021. Drawings are held every Monday, Wednesday and Sat evening at x:59 p.one thousand. Eastern Fourth dimension, at Florida Lottery headquarters in Tallahassee.[i]

Since Oct seven, 2015, the game has used a v/69 (white balls) + one/26 (Powerballs) matrix from which winning numbers are chosen, resulting in odds of 1 in 292,201,338 of winning a jackpot per play.[two] Each play costs $ii or $3 with the Power Play option (originally, Powerball plays cost $ane; when PowerPlay began, such games were $2.). The official cutoff for ticket sales is 10:00 p.yard. Eastern Time; some lotteries cut off sales earlier.[3] The drawings are held at the Florida Lottery'due south studio in Tallahassee.[4] Powerball'due south minimum advertised jackpot is $20 million (annuity); Powerball's annuity is paid in thirty graduated installments or winners may choose a lump sum payment instead. One lump sum payment will be less than the total of the 30 annual payments because of the fourth dimension value of money and also because i check for a much larger sum will be taxed at a greater rate than 30 checks each at a much lower sum will exist taxed.

On Jan 13, 2016, Powerball produced the largest lottery jackpot in history; the $ane.586 billion jackpot was separate by three tickets sold in Chino Hills, California;[5] [vi] in Munford, Tennessee; and in Melbourne Embankment, Florida.[7]

The numbers were originally drawn in Westward Des Moines, Iowa before moving to Universal Studios Florida in Orlando. Drawings moved to their current home in Tallahassee in 2012.[viii] [ix]

Powerball members [edit]

U.S. lotteries. As of 2020, all states with lotteries (in bluish) plus the District of Columbia, Puerto Rico, and the United states Virgin Islands offer Powerball.

Powerball replaced Lotto*America in April 1992; Mega Millions replaced The Big Game 10 years later (See below for the evolution of the name Mega Millions.).

Mega Millions and Powerball [edit]

Lottery Powerball Mega Millions
Arizona April 4, 1994 April 18, 2010
Arkansas October 31, 2009 January 31, 2010
California Apr viii, 2013 June 22, 2005
Connecticut November 28, 1995 Jan 31, 2010
Colorado August 2, 2001 May 16, 2010
Delaware January xiv, 1991 January 31, 2010
District of Columbia Feb xiii, 1988 January 31, 2010
Florida January 4, 2009 May 15, 2013
Georgia January 31, 2010 September half dozen, 1996
Idaho February one, 1990 Jan 31, 2010
Illinois January 31, 2010 September 6, 1996
Indiana October xiv, 1990 January 31, 2010
Iowa February xiii, 1988 January 31, 2010
Kansas February 13, 1988 January 31, 2010
Kentucky January 10, 1991 January 31, 2010
Louisiana March five, 1995 November 16, 2011
Maine July 30, 2004 May ix, 2010
Maryland January 31, 2010 September 6, 1996
Massachusetts February three, 2010 September half-dozen, 1996
Michigan January 31, 2010 September half-dozen, 1996
Minnesota August 14, 1990 Jan 31, 2010
Mississippi January 30, 2020 January 30, 2020
Missouri February 13, 1988 January 31, 2010
Montana November 9, 1989 March i, 2010
Nebraska July 21, 1994 March twenty, 2010
New Hampshire Nov 5, 1995 Jan 31, 2010
New Jersey January 31, 2010 May 26, 1999
New Mexico October xx, 1996 January 31, 2010
New York Jan 31, 2010 May 17, 2002
North Carolina May thirty, 2006 Jan 31, 2010
North Dakota March 25, 2004 Jan 31, 2010
Ohio April xvi, 2010 May 17, 2002
Oklahoma January 12, 2006 January 31, 2010
Oregon February thirteen, 1988 March 28, 2010
Pennsylvania June 29, 2002 Jan 31, 2010
Puerto Rico September 28, 2014 Non offered
Rhode Island February 13, 1988 January 31, 2010
Due south Carolina October half-dozen, 2002 January 31, 2010
Due south Dakota Nov 15, 1990 May 16, 2010
Tennessee Apr 21, 2004 January 31, 2010
Texas Jan 31, 2010 December 5, 2003
US Virgin Islands Nov fourteen, 2010 October 4, 2010
Vermont July 1, 2003 January 31, 2010
Virginia January 31, 2010 September vi, 1996
Washington Jan 31, 2010 September 4, 2002
West Virginia February 13, 1988 January 31, 2010
Wisconsin August x, 1989 January 31, 2010
Wyoming August 24, 2014 Baronial 24, 2014

Alabama, Alaska, Hawaii, Nevada, and Utah do not sell lottery tickets.

History [edit]

1988 forerunner: Lotto America [edit]

Powerball's predecessor began in 1988;[x] the multi-state game was known as Lotto America. The game, and name, were changed to Powerball on Apr 19, 1992; its showtime cartoon was held April 22.

Dr. Edward J. Stanek was president of the Iowa Lottery and ane of ii men, forth with Steve Caputo, who came up with the Powerball game.[eleven]

Powerball begins [edit]

When it was launched in 1992 Powerball became the first game to use 2 drums. Using ii drums to draw numbers from offers more manipulation past simultaneously allowing high jackpot odds, numerous prize levels and depression overall odds of winning (as explained later, a ticket tin can win by matching only one number). The two-pulsate concept was suggested past Steve Caputo of the Oregon Lottery. The two-drum concept has since been used by The Big Game (now Mega Millions) in the US, Commonwealth of australia's Powerball, Thunderball in the Great britain, Eurojackpot and EuroMillions.[ citation needed ]

Through 2008, Powerball drawings unremarkably were held at Screenscape Studios in West Des Moines, Iowa. The drawings' host was longtime Iowa radio personality Mike Pace, who had hosted MUSL drawings since Lotto America began in 1988. In 1996, Powerball went "on the road" for the first fourth dimension, holding 5 remote drawings at the Summertime Olympics in Atlanta. A few weeks later on, Georgia became the only jurisdiction to leave Powerball (Maine, which joined MUSL in 1990, left when Powerball began). In August 1996, Georgia joined the then-new The Big Game, then the other major U.S. lottery group. It planned to sell tickets for both games for the rest of 1996; only within days Georgia was removed from MUSL, not to return until the 2010 cross-sell expansion.

On November two, 1997, the annuity was changed from 20 to 25 yearly payments; the cash option was added.[12] The annuity comprises 30 graduated payments, increasing v% annually.

In 1998, Florida was given permission by its regime to participate in a multi-state game. It was set to offer Powerball; but in early on 1999, new governor Jeb Bush prevented Florida from joining since he believed Powerball would hurt the existing Florida Lottery games. In 2008, Governor Charlie Crist finally allowed Florida to join MUSL, on Jan 4, 2009.

On March 7, 2001, an optional multiplier (called Power Play) was added, allowing players to multiply non-jackpot winnings by up to five by paying an extra $i per game. A wheel was introduced to select the Power Play multiplier for each drawing (the adjacent year, the 1x was removed from the Ability Play wheel.)

2009: Florida became host to drawings [edit]

With the start of Powerball sales in Florida on January 4, 2009 (with its kickoff drawing on January 7), the matrices changed to 5/59 + 1/39 (adding four white ball numbers and dropping three blood-red assurance). This changed the jackpot probability from 1:146 million to 1:195 meg; the overall probability became 1:35.

Based on statistical projections, the average jackpot win increased from $95 million to $141 million. Over three.5 million additional prizes were expected to exist won yearly due to the change in probability. The starting jackpot increased to $20 million, with minimum rollovers of $5 meg. The jackpot contribution increased from 30.three% to 32.5% of total sales. The Power Play choice was modified; 2d prize, usually $200,000, was given an automated 5x multiplier, making the 5+0 prize $1 one thousand thousand greenbacks. The bonus 2d prize if the jackpot exceeded its previous record past $25 million, triggered simply twice, was eliminated with the 2012 format change.

The atmospheric condition for Florida joining Powerball included a move of the live drawings from Iowa to Universal Studios in Orlando.[ commendation needed ] The three hosts rotating announcing duties from Universal Studios were Tracy Wiu, Elizabeth Hart and Scott Adams (MUSL headquarters remained in Iowa, where its other draws are held). The wheel that was used to determine the Power Play multiplier was retired when the drawings moved to Florida; a random number generator (RNG) was used until the 2012 format modify.

Arkansas became the 33rd MUSL fellow member on October 31, 2009,[13] the concluding to join before the 2010 cross-sell expansion. The Ohio Lottery added Powerball on April 16, 2010, it joined Mega Millions (forth with New York) years earlier, when The Large Game added Mega Millions to its proper noun.

2010 cross-sell expansion [edit]

In March 2009, information technology was reported that New Jersey, already a Mega Millions member, sought permission to join Powerball. Soon after, discussions were revealed about allowing each US lottery to offer both games. On Oct thirteen, the Mega Millions consortium and MUSL reached an agreement in principle to cross-sell Mega Millions and Powerball.[fourteen] In Nov, MUSL signed an agreement to start streaming Powerball drawings online.[fifteen] [16]

On January 31, 2010, the date of the cross-sell expansion, Mega Millions and MUSL each added lotteries; eight Powerball members added Mega Millions by May. The Montana Lottery joined Mega Millions on March 1, 2010. Nebraska added Mega Millions on March 20, 2010, Oregon followed on March 28, 2010, Arizona joined Mega Millions on Apr 18, 2010, Maine added Mega Millions on May 9, 2010, Colorado and S Dakota joined Mega Millions on May 16, 2010. The U.S. Virgin Islands joined Mega Millions in Oct 2010.

Before the understanding, the but places that sold both Mega Millions and Powerball tickets were retailers straddling a border; ane retailer on the Sharon, Pennsylvania/Masury, Ohio border sold both Mega Millions (via the Ohio Lottery) and Powerball (Pennsylvania) before the agreement and continued to be the but retailer to sell tickets for both lotteries.[17]

Illinois joining Powerball on the expansion engagement, it became the second multi-jurisdictional lottery game (after Mega Millions, which Illinois already participated in) whose drawings were carried nationally. Both games' drawings were simulcast via Chicago cable superstation WGN-Television receiver through its national WGN America feed. WGN-Television receiver aired Illinois Lottery drawings nationally from 1992 to 2015 after acquiring broadcast rights from Chicago's Fox owned-and-operated station WFLD in 1988, which took the rights from WGN-Idiot box in 1987. Powerball drawings were aired on WGN-TV and WGN America on Wednesday and Saturday immediately post-obit the station's 9:00 p.yard. (Central Time) newscast with the Mega Millions drawings existence aired Tue and Fri evenings after the newscast. WGN served as a default carrier of Mega Millions or Powerball where no local television station carries either multi-jurisdictional lottery's drawings.

On March 13, 2010, New Bailiwick of jersey became the get-go previous Mega Millions-simply member (simply before the cross-selling expansion) to produce a jackpot-winning Powerball ticket. It was worth over $211 meg in annuity payments; it was sold in Morris Plains. On May 28, 2010, North Carolina became the beginning previous MUSL member (just before the cross-selling expansion) to produce a jackpot-winning Mega Millions ticket; that jackpot was $12 1000000 (annuity).

On June ii, 2010, Ohio won a Powerball jackpot; it became the offset lottery selling either Mega Millions or Powerball (when 2010 began) to provide a jackpot-winning ticket for its newer game. The ticket was worth a $261 million annuity; information technology was sold in Sunbury. Ohio's 2d Powerball jackpot-winning ticket, sold for the June 23, 2010 drawing, was part of some other first; since Montana also provided a jackpot winner for that drawing, it was the first time a jackpot was shared through lotteries which sold competing games before the cross-selling expansion, as Montana sold simply Powerball earlier the expansion engagement.

2012 format alter [edit]

On January 15, 2012, the price of each basic Powerball play doubled to $2, while PowerPlay games became $3; the minimum jackpot doubled to $40 meg.[18] A non-jackpot play matching the v white balls won $1 million. The reddish balls decreased from 39 to 35.[19] The drawings were moved from Universal Studios Orlando to the Florida Lottery's studios in Tallahassee. Sam Arlen began his tenure as host in 2012,[twenty] with Laura W. Johnson serving as the assistant hostess.

These changes were made to increase the frequency of nine-figure jackpots; a Powerball spokesperson believed a $500 million jackpot was feasible (it became a reality within the year,[21]) and that the first $i billion jackpot in U.s. history would occur past 2012 (though it didn't occur until four years afterward.)[22] Less than three months after the Powerball changes, Mega Millions' jackpot reached $656,000,000 despite remaining a $i-per-play game.[23] The random Ability Play multiplier was retired for a set, fixed dollar amount payout.[24] The $25 1000000 rollover "cap" (creating larger five+0 prizes) was eliminated.

California joined on April eight, 2013; it has never offered the Power Play choice, as all payouts in California Lottery drawing games, by law, are parimutuel. Mega Millions, which became available in California in 2005, offers its Megaplier in its other 45 jurisdictions.

On Jan 22, 2014, the variable Power Play option returned (2x-5x) for multiplying non-jackpot prizes.[24]

In October 2014, Puerto Rico joined Powerball; the offset mainly Spanish-speaking jurisdiction offering the game; as of 2016 it had not joined Mega Millions.

2015 format change [edit]

On Oct 4, 2015, the Powerball format inverse again; the white-brawl pool increased from 59 to 69 while the Powerball pool decreased from 35 to 26. While this improved the risk of winning any prize to 1 in 24, it too lengthened the jackpot odds to 1 in 292,201,338.[25] The 4+i prize became $50,000; the 10x PowerPlay became available in drawings with a jackpot of under $150 million.[26] Iii months later, the format produced a $ane.five billion jackpot, double the previous tape, after twenty sequent rollovers.[25] [27]

2020 COVID-19 adjustments and 2021 removal by Idaho [edit]

On April ii, 2020, the Powerball starting jackpot amount was temporarily reset from $xl million to $20 million with the annuity selection, with at least a $2 million rollover for each drawing without a jackpot winner, due to the COVID-19 pandemic in the The states. This was washed to enforce social distancing and discourage crowding of selling venues for big jackpots, and to business relationship for lower interest rates.[28]

On March 10, 2021, following Powerball'south motion to expand its operations in Australia later that twelvemonth and in the United Kingdom in 2022, the Idaho Legislature voted overwhelmingly to end the state'due south participation in the lottery after more than 30 years. State lawmakers cited fears of outside acquirement being generated from the strange involvement every bit reasons behind the vote. The removal will take identify when non-Usa jurisdictions are allowed to bring together; it was originally scheduled in August 2021 but was delayed as plans for international expansion are indefinite.[29]

On May 23, 2021, Powerball announced that starting on August 23, 2021, draws would occur on Monday, in addition to Wed and Sabbatum. All other features remain the same.[30] Michelle Liles became the tertiary regular hostess of the Powerball drawings serving alongside Arlen and Johnson. Outset in 2022, Randy Trainor serves as the substitute host.

Playing the game [edit]

Basic game [edit]

The minimum Powerball bet is $two. In each game, players select five numbers from a set up of 69 white balls and one number from 26 red Powerballs; the red ball number can be the same equally one of the white balls. The drawing order of the five white assurance is irrelevant; all tickets show the white ball numbers in ascending social club. Players cannot utilise the fatigued Powerball to match ane of their white numbers, or vice versa. Players tin select their ain numbers, or take the concluding pseudorandomly select the numbers (the proper name for this varies past country, only most are chosen some variation of "quick pick", "easy option", etc.).

In each cartoon, winning numbers are selected using two ball machines: one containing the white balls and the other containing the red Powerballs. Five white balls are drawn from the beginning automobile and the red ball from the second car. Games matching at least three white assurance or the ruby Powerball win.

Two identical machines are used for each drawing, randomly selected from iv sets. The model of auto used is the Halogen, manufactured by Smartplay International of Edgewater Park, New Jersey. There are 8 brawl sets (four of each color); ane ready of each color is randomly selected before a drawing. The balls are mixed by a turntable at the bottom of the machine that propels the assurance around the chamber. When the motorcar selects a ball, the turntable slows to take hold of it, sends it up the shaft, and so down the runway to the display. (The Florida Lottery is because switching to a random number generator in 2019 for its in-state drawings; it is unknown whether Powerball would be affected.) If the onsite location is unavailable, as was the case during Hurricane Michael, a backup motorcar is located at MUSL headquarters in Iowa.[31] The drawings are supervised by Ballad and Company, CPA.

The double matrices and probabilities in the game's history:

Starting appointment Pick v White Balls from Field of Pick 1 Ruddy Ball from Field of Jackpot chance Power Play multiplier
April 22, 1992 45 45 ane:54,979,154 None†
November v, 1997 49 42 1:80,089,127 None†
March vii, 2001 49 42 1:80,089,127 1x-5x
October 9, 2002 53 42 i:120,526,769 2x-5x
Baronial 28, 2005 55 42 one:146,107,961 2x-5x
January 7, 2009 59 39 1:195,249,054 2x-5x
Jan 15, 2012 59 35 1:175,223,510 None
January 19, 2014 59 35 1:175,223,510 2x-5x
October vii, 2015 [32] 69 26 one:292,201,338 2x-5x; 10x‡

†Ability Play was introduced in 2001.
‡10× bachelor if jackpot is under $150 million.[26]

While Mega Millions and Powerball each have like jackpot odds despite having a different double matrix (Mega Millions is five/75 + 1/xv), since Powerball is $2 per play, it now takes $584,402,676 (not counting Power Play side bets) on average to produce a jackpot-winning ticket.

Power Play [edit]

For an additional $one per game, a player may activate the Ability Play option. Activating it multiplies lower-tier winnings (base prize $50,000 or less) by up to v, or 10 when the jackpot is under $150 one thousand thousand. Power Play is drawn separately from the vi numbers. The 5+0 prize is automatically doubled to $2 million if Power Play is activated.

The dilemma for players is whether to maximize the take a chance at the jackpot or increase lower-tier winnings. If a player selects a fixed corporeality of money to spend on tickets at a certain time, the player will requite up one guess of the winning set of numbers every 2 times this actor activates Ability Play in respect of 1 of the purchased tickets.

Power Play, when it began in 2001, was drawn with a special wheel. In 2006 and 2007, MUSL replaced 1 of the 5× spaces on the Power Play wheel with a 10×. During each month-long promotion, MUSL guaranteed that at that place would exist at least one drawing with a 10× multiplier. The promotion returned in 2008; the ball landed in the ten× space twice. Subsequently beingness absent in 2009, the ten× multiplier returned in May 2010 (after the Ability Play drawing was changed to RNG.) The promotion was extended for the merely time, as the 10× multiplier was not drawn until June 12, 2010. The second prize 5× guarantee continued; the 10× applied to all not-jackpot prizes, as in previous promotions.

Power Play'south success has led to like multipliers in other games, most notably Megaplier, available through all Mega Millions members except California. The 2012 Powerball changes resulted in all 8 lower-tier levels having "fixed" Power Play prizes.[33]

On January 19, 2014, PowerPlay was modified; information technology used 30 balls with the following distribution:

  • 2x(15)
  • 3x(nine)
  • 4x/5x: three each

On October four, 2015, PowerPlay changed again, using 42 or 43† assurance equally follows:

  • 2x(24)
  • 3x(thirteen)
  • 4x(3)
  • 5x(ii)
  • 10x(one)†

† 10x available when jackpot is under $150 one thousand thousand.

Prizes and odds [edit]

Payouts as of October 7, 2015:[34]

Matches Prize[a] Ability Play 2x (one in i.75) Ability Play 3x (1 in three.23) Power Play 4x (one in fourteen) Power Play 5x (1 in 21) Odds of winning
Lead only (0+1) $4 $8 $12 $16 $20 i in 38.32[b]
1 number plus Pb (one+1) $four $8 $12 $sixteen $twenty 1 in 91.98
2+one $seven $xiv $21 $28 $35 one in 701.33
three+0 $7 $14 $21 $28 $35 1 in 579.76
3+1 $100 $200 $300 $400 $500 ane in xiv,494.11
4+0 $100 $200 $300 $400 $500 1 in 36,525.17
4+one $50,000 $100,000 $150,000 $200,000 $250,000 1 in 913,129.18
5+0 $one,000,000 $two,000,000[c] ane in 11,688,053.52
5+1 Jackpot[d] 1 in 292,201,338

Overall odds of winning a prize are ane in 24.87.

Erstwhile prizes/odds (Jan 19, 2014 – October 3, 2015):

Matches Prize[a] Power Play 2x (1 in 2) Power Play 3x (ane in iii ane/3) Power Play 4x (1 in 10) Power Play 5x (ane in x) Odds of winning[36]
Pb only $iv $8 $12 $sixteen $xx 1 in 55.41
i number plus Pb $four $viii $12 $sixteen $20 1 in 110.81
two numbers plus Lead $7 $14 $21 $28 $35 i in 706.43
3 numbers; no PB $7 $xiv $21 $28 $35 1 in 360.fourteen
iii numbers plus PB $100 $200 $300 $400 $500 ane in 12,244.83
4 numbers; no Pb $100 $200 $300 $400 $500 1 in xix,087.53
4 numbers plus Pb $10,000 $xx,000 $thirty,000 $forty,000 $fifty,000 i in 648,975.96
v numbers; no Lead $1,000,000 $2,000,000[c] one in 5,153,632.65
5 numbers plus PB Jackpot[d] 1 in 175,223,510.00

Overall odds of winning were ane in 31.85.

  1. ^ a b California'due south prize amounts are always parimutuel because its state penal code distinguishes between a "lottery" which cannot be broken and a "banked game" whose bank theoretically could be broken. Only a "lottery" was authorized by the state Lottery Deed. Therefore, Power Play is not offered in California.
  2. ^ Odds of winning 0+ane prize are i:38.32 instead of 1:26 every bit there is the possibility of likewise matching at to the lowest degree one white brawl.[35]
  3. ^ a b $2,000,000 stock-still for lucifer v+0 with Power Play equally of 2012 format change.
  4. ^ a b Power Play multipliers practise non apply to jackpot. Jackpot is split among multiple winners.

All not-jackpot prizes are fixed amounts (except in California); they may exist reduced and paid on a parimutuel ground, with each member paying differing amounts for the same prize tier, if the liability exceeds the funds in the prize puddle for whatsoever game fellow member.[37]

Jackpot accumulation and payment options [edit]

Jackpot winners take the option of receiving their prize in cash (in ii installments; i from the winning jurisdiction, and so the combined funds from the other members) or as a graduated annuity paid in xxx yearly installments. The pre-tax amount of the first annuity payment is approximately 1.505% of the jackpot amount. Each annuity payment is five% higher than in the previous year to accommodate for inflation.[38]

The advertised estimated jackpot represents the total payments that would be paid to jackpot winner(s) should they accept the annuity option. This estimate is based on the funds accumulated in the jackpot pool rolled over from prior drawings, expected sales for the next drawing, and market interest rates for the securities that would be used to fund the annuity.[iii] The estimated jackpot usually is 32.five% of the (non-Ability Play) revenue of each base ($1) play, submitted by game members to accumulate into a prize pool to fund the jackpot. If the jackpot is not won in a item drawing, the prize pool carries over to the next cartoon, accumulating until there is a jackpot winner. This prize pool is the cash that is paid to a jackpot winner if they choose greenbacks. If the winner chooses the annuity, current market place rates are used to calculate the graduated payment schedule and the initial installment is paid. The remaining funds in the prize pool are invested to generate the income required to fund the remaining installments. If there are multiple jackpot winners for a drawing, the jackpot prize pool is divided equally for all such plays.

MUSL and its members accept all investment risk and are contractually obligated and liable to the winner to make all scheduled payments to annuity winners. If a jackpot ticket is not claimed, the funds in the prize pool are returned to members in proportion to the amount they contributed to the prize pool. The members have different rules regulating how unclaimed funds are used.[three]

When the Powerball jackpot is won, the adjacent jackpot is guaranteed to be $20 million (annuity). If a jackpot is non won, the minimum rollover is $10 million. The cash in the jackpot pool is guaranteed to be the current value of the annuity. If acquirement from ticket sales falls below expectations, game members must contribute additional funds to the jackpot puddle to cover the shortage; the virtually likely scenario where this can occur is if the jackpot is won in sequent drawings.

Because of the COVID-19 pandemic in the United states and resulting drib in ticket sales plus the falling involvement rates on which annuity prizes were based, Powerball administrators reduced the minimum starting jackpot to $20 million, and the minimum increase to $2 one thousand thousand when the previous jackpot is not won.[39]

Challenge prizes [edit]

A winning ticket must be claimed in the jurisdiction in which it was purchased, regardless of residence. The minimum age to play Powerball is eighteen, except in Nebraska (19), and Arizona, Iowa, Louisiana and Mississippi (21).

Generally, Powerball players practise not take to choose cash or annuity unless they win a jackpot (then they usually take 60 days to choose). Exceptions include Florida and Missouri; the 60-twenty-four hour period "clock" starts with the drawing, so a jackpot winner who wishes to take the cash option needs to make immediate plans to merits their prize. New Jersey and Texas require the cash/annuity selection to be made when playing; in New Jersey, an annuity ticket tin can exist changed to cash after winning, while in Texas, the pick is binding. (When the cash choice was introduced in 1997, all Powerball players had to make the pick when playing. This regulation was phased out by 1999.) All Powerball prizes must be claimed within a period ranging from xc days to a year, depending on where the ticket was bought.

Powerball winnings in California are field of study to Federal income revenue enhancement just. Conversely, Powerball winnings in Puerto Rico are not subject field to Federal Income Taxation, only local revenue enhancement. There is no state income revenue enhancement in Florida, Due south Dakota, Texas, Washington and Wyoming, and only on interest and dividends in Tennessee and New Hampshire. In all other states, winnings are subject to both federal income taxation and that state's income revenue enhancement, provided the winning ticket was purchased in the winner's home state. Winnings from tickets purchased outside of i's home state may be subject to the income revenue enhancement laws of both states (with possible credit based on the ii jurisdictions), though this depends on the states in question.

Secondary prizes [edit]

Unlike the jackpot puddle, other prizes are the responsibility and liability of each participating lottery. All acquirement for Powerball ticket sales not used for jackpots is retained by each member; none of this revenue is shared with other lotteries. Members are liable only for the payment of secondary prizes sold in that location.

Since the secondary prizes are divers in fixed amounts (except in California), if the liability for a given prize level exceed the funds in the prize pool for that level the amount of the prize may be reduced and the prize puddle be distributed on a parimutuel basis and consequence in a prize lower than the fixed amounts given in the prize tables.[40] Considering the secondary prize pools are calculated independently, it is possible lower-tier prizes volition differ amid the game members.

Notable wins [edit]

Because the quoted jackpot amount is an annuity of 30 graduated almanac payments, its cash value relative to the annuity fluctuates. The actual ratio depends on projected interest rates and other factors. MUSL starts with the cash value, congenital from a percentage of sales, and then calculates the advertised jackpot amount from that value, based on the average costs of the three best securities bids.[41]

On March 27, 2019, a single ticket purchased in Wisconsin was the only winner of a $768.iv 1000000 ($477 one thousand thousand cash) Powerball jackpot, the third largest in U.S. lottery history. The winner of the enormous prize was identified as a 24-year-old Wisconsin human.[42]

On August 23, 2017, the owner of a Powerball ticket sold in Chicopee, Massachusetts won more than $750 meg, one of the largest prizes in the lottery's history.[43] a mother of two from Massachusetts was the lucky winner.[44]

On January xiii, 2016, the earth'south largest lottery jackpot, an annuity of approximately $one.586 billion, was carve up among three Powerball tickets in Chino Hills, California, Melbourne Beach, Florida and Munford, Tennessee, each worth $528.8 million. Since there is no income tax in Florida or Tennessee (and California does not taxation lottery winnings), the cash option after Federal withholdings is $187.2 million each.[45]

On May 18, 2013, the earth's largest one-ticket jackpot, an annuity of approximately $590.v one thousand thousand ($656 million today), was won by a Powerball ticket sold in Zephyrhills, Florida.[46] On June 5, Florida Lottery officials announced the winner who purchased the "quick option" ticket at a Publix supermarket.[47] the winner chose the cash choice of approximately $370.8 million, before Federal withholding; Florida does not have a state income revenue enhancement.[47]

Other winners in excess of $250 million: On December 25, 2002, the president of a construction firm in Putnam County, Westward Virginia, won $314.9 million ($453 million today), then a new record for a single ticket in an American lottery. The winner chose the greenbacks option of $170 one thousand thousand, receiving approximately $83 million afterward W Virginia and Federal withholdings.[48]

On October 19, 2005, a family from Jacksonville, Oregon won $340 one thousand thousand ($451 meg today).[49] The winers chose the cash payout of $164.4 million (before withholdings), smaller than a previous winners greenbacks payout in 2002 due to a then-recent change in the annuity structure.

A jackpot of $365 million ($469 million today) was won on February 18, 2006 past ane ticket in Nebraska. Information technology was shared by eight people who worked at a meatpacking plant.[50] The group chose the cash option of approximately $177.three 1000000, earlier withholdings.

On August 25, 2007, a jackpot worth $314 1000000 ($392 million today) was won by a retired auto worker from Ohio; that ticket was bought in Richmond, Indiana, a community that had previously sold a jackpot-winning ticket of over $200 1000000.[51]

In November 2011, three Greenwich, Connecticut, financial executives shared a jackpot of $254.2 million ($292 million today), the largest prize on a Connecticut-bought ticket. Choosing the greenbacks option, the men split nigh $104 1000000 after withholdings. The jackpot, at the time, was the 12th largest in Powerball history.[52]

Fortune cookie payout [edit]

The Powerball drawing on March 30, 2005, produced 110 2d-prize winners. The total payout to these winners was $nineteen.iv meg, with 89 winners receiving $100,000 each, while the other 21 winners received $500,000 each equally they were Ability Play selections.[53]

MUSL officials initially suspected fraud or a reporting fault. Nonetheless, all 110 winners had played numbers from fortune cookies made by Wonton Food Inc. of Long Isle City, New York. The factory had printed the numbers "22, 28, 32, 33, 39, 40" on thousands of fortunes. The "40" in the fortune did not match the Powerball number, 42. None of the employees of Wonton Food played those numbers; at the fourth dimension, the closest game member was Connecticut.[54] Since the ticket holders had won as effect of a coincidence rather than foul play, the payouts were made.[55]

Had the fortune cookie given 42 equally the Powerball number, these winners would accept shared the $25 one thousand thousand jackpot: each $227,272 annuity or $122,727 cash (before withholdings).[56] The fortune on the cookie read: "All the preparation you've done volition finally be paying off."[54]

Computers and slot machines [edit]

In 2006, WMS Gaming released a range of slot machines nether the Powerball make name. In 2007, the Oregon Lottery released a Windows Sidebar gadget that displays the winning numbers for Powerball in existent-time. The gadget too provides large jackpot announcements.

The New York Lottery introduced a Powerball scratchcard in 2010. Five winning numbers plus a Powerball were printed across the summit of the card, with 12 opportunities to match. Matching the winning numbers or the Powerball won. The height prize was $1 million (annuity); unlike actual Powerball, there was no greenbacks option for the meridian prize.[57]

Come across likewise [edit]

  • Mega Millions
  • Multi-State Lottery Association (MUSL)
  • Lottery jackpot records

References [edit]

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External links [edit]

  • Official website Edit this at Wikidata
Preceded by World's largest lottery jackpot
January xiii, 2016 – Oct 23, 2018 		Succeeded by

Mega Millions

Source: https://en.wikipedia.org/wiki/Powerball

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