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.