THE AMERICAN POWERBALL LOTTERY (USA POWERBALL)
History Of The American Powerball Lottery:
|The American Powerball originally started life way back in 1988 and was known as "Lotto America". In 1992 this became the Powerball lottery, with the first official Powerball draw being held on April 19th, 1992. The game has grown and evolved over the years with new States joining (now totalling 44 States) and various changes being applied to the ball and prize structure. 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.
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’)
If a player matches all 6 numbers drawn they will win the jackpot!
Originally players selected 5/45 and 1/45 but this developed over the years to the current system of 5/59 and 1/35 ensuring some truly giant jackpots on offer.
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.
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 an amazing $580 million USD won by two ticket holders on the 28th November 2012. Click the link to find out more about one of these lucky ticket holders, Mark Hill.
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.
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 $834,000.
The winner gets the first payment immediately and then a guaranteed annual payment for the next 29 years.
When To Play The American Powerball Lotto:
Powerball drawings are held every Wednesday and Saturday at 10:59 p.m. Eastern Time on Wednesday and Saturday at Universal Studios in Orlando, Florida and aired across many local USA TV channels. The results of drawings are not official until they are audited by the accounting firm LWBJ, LLP.
USA Powerball Prize Structure:
There are 9 prize tiers on the Powerball lottery, as follows:
|Matches||Prize (approx.) |
|Zero numbers, plus Powerball||$ 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).
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