THE AMERICAN POWERBALL LOTTERY (USA POWERBALL)
History Of The American Powerball Lottery:
|The American Powerball,known as "Lotto America" made it debut way back in 1988, which makes it one of the oldest Lottery games around today. In 1992 they changed the name to the Powerball lottery, with the first official Powerball draw being held on April 19th, 1992. The game has grown and evolved over the years now totalling 44 States and various changes being applied to the ball and prize structure from the game back in 1988. These include a change in the annuity prize payments from 20 yearly payments to 30, and the addition of a cash option for the jackpot as the jackpot is massive averaging around $100 million.
How To Play The American Powerball Lottery:
The American Powerball lottery makes use of two machines drawing two sets of numbers. In this way it is similar to other lotteries like the Mega Millions and Euromillions.
Lottery players need to select:
- 5 numbers from a possible 59 (these are the white numbers)
- 1 number from a possible 35 (these are the red ‘powerballs’)
A jackpot is if the ticket has matched all 6 numbers drawn.
The giant jackpots on offer is attributed to the current system of 5/59 and 1/35 as opposed to the old system of 5/45 and 1/45.
USA Powerball Rollovers And Giant Jackpots:
As of the most recent changes to the Powerball rules, lottery players now have a 1 in 31.8 chance of winning a prize. Of course, it is still pretty tough to win the Jackpot which is one of the reasons it is known as one of the biggest jackpot games in the world today.
The starting jackpot before any rollovers have taken place is $40 million USD with a 2nd tier prize of $1 million USD. One does not even need to match all 6 numbers to become a millionaire on American Powerball.
Cash Jackpot Versus Annuity Prize:
Lottery players have a 1 in 31.8 chance of winning a prize ,of course, it is still pretty tough to win the Jackpot which is one of the reasons it is known as one of the biggest jackpot games in the world today.
The starting jackpot before any rollovers have taken place is $40 million with a 2nd tier prize of $1 million. Just by matching a few numbers you would become a Millionaire.
The Powerball lottery has the honour of having the highest jackpot prize in the world ever won by a SINGLE ticket! It is also the lottery that has paid out the highest jackpot to just ONE person.
The biggest jackpot ever won on the USA Powerball was an unbelievable $590.5 million USD won by one lucky ticket on Saturday 18th May 2013.
The 2nd biggest jackpot ever won on the USA Powerball was $580 million was won by two ticket holders on the 28th November 2012.
On the 18th February 2006, one ticket bought by eight co-workers from a Nebraska meat-processing plant took home $365 million USD, the 3rd biggest USA Powerball jackpot ever won.
Cash Jackpot Versus Annuity Prize:
The minimum jackpot prize is a $15 million annuity disbursed in 30 payments over 29 years which is something many people would elect to do.The 30 annuity payments are not equal but based on an increasing rate schedule. For example, the first annual gross annuity payment on the base $15 million jackpot would be approximately $267,000 while the final payment would be approximately $834,000.
The winner gets the first payment immediately and then a guaranteed annual payment for the next 29 years, enough to retire comfortably.
When To Play The American Powerball Lotto:
Powerball Lotto drawings are held every Wednesday and Saturday at 10:59 p.m. Eastern Time on Wednesday and Saturday at Universal Studios in Orlando, Florida and aired across many local USA TV channels and displayed in many local newspapers and online.
The results of drawings are not official until they are audited.The cut-off time to buy your Powerball lotto tickets is 22:00 or 23:00 PM GMT on the day of the draw. The US Powerball tickets for all PlayEuroMillions.com subscribers are purchased via our ticket purchasing office which is based in Connecticut, USA.
USA Powerball Prize Structure:
There are 9 prize tiers on the Powerball lottery, as follows:
|Matches||Prize (approx.) |
|Zero numbers, plus Powerball||$ 4
|1 number, plus Powerball||$ 4|
|2 numbers, plus Powerball||$ 7|
|3 numbers, no Powerball||$ 7|
|3 numbers, plus Powerball||$ 100|
|4 numbers, no Powerball||$ 100|
|4 numbers, plus Powerball||$ 10,000|
|All 5 numbers, no Powerball||$ 1,000,000
|All 5 numbers, plus Powerball||Jackpot|
The cut-off time for purchasing tickets on PlayHugeLottos.com is 22:00 or 23:00 PM GMT on the day of the draw (depending on UK daylight savings time).
Allgemeine Geschäftsbedingungen (AGB)
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