How often have you daydreamed about winning the lottery? Do you have images of yourself cashing in your ticket and shaking the lottery commissionerâ€™s hand while the other hand holds that giant cardboard check for $400 million dollars? The Powerball lottery, a bi-weekly drawing that takes place in 29 states across the country, is one way to gamble towards a possible payday. The Powerball lottery is administered by the Multi-State Lottery Association (MUSL), which is a non-profit, government-benefit organization owned and operated by its 31 member lotteries. All profits made through the lottery stay in the individual states and are used to support causes approved by the state legislatures. Twenty-nine of the fifty United States take part in the Powerball lottery.
Learning out how to play Powerball is quite easy. All is takes is access to a state that participates in the lottery, one buck, and six numbers. Powerball is a lotto game that rewards both jackpot and cash prizes. Every Wednesday and Saturday, the MUSL draws five white balls out of a barrel of 55 white balls and one red ball out of a barrel of 42 red balls. By matching chosen numbers, winners have nine opportunities to win. The jackpot is won by matching all five of the white balls and the red Powerball. A Powerball ticket costs players $1 a piece. Players can also pay an extra $1 for the PowerPlay, in which any prize winnings are multiplied by up to five times the normal prize (not including the jackpot amount). The multiplier is chosen randomly at the same time the Powerball numbers are drawn.
There are nine ways to reach payday when playing Powerball. The jackpot is won when all five of your chosen numbers match the drawn white balls and your Powerball matches the drawn red ball. The order that the balls are drawn does not matter; all that matters is if your numbers match the chosen numbers. When playing with a $1 ticket, the Powerball website quotes an odds ratio for the grand prize jackpot of 1 in 146,107,962. If you match all five of the white balls but not the red Powerball, you win $200,000. A $10,000 prize can be won by matching four of the white balls and the red Powerball. One person out of roughly 13,000 will win $100 by matching either four white balls or three white balls and the red Powerball. There are two chances to win $10, at odds ranging from 1 in 290 to 1 in 745, by matching three white balls or two white balls and the red Powerball. For a four-dollar prize, youâ€™ll be 1 out of 126 people who match one white ball and the red Powerball. Finally, for a prize of $3, one person out of 68 will match only the red Powerball. Lotto organizers quote the overall odds of winning any prize at 1 in roughly 36.
You do not need to be a resident of one of the participating states or provinces in order to take part in a Powerball lottery. Powerball tickets can only legally be bought through a state lottery computer system in Powerball participating states. A state can sell Powerball lottery tickets via the Internet only to people within its state. Lottery tickets cannot be bought or sold through the mail or over the Internet across state lines or the U.S. national border. Similarly, state and federal laws prohibit the purchase of another statesâ€™ lottery tickets across state lines. Those who do this are allowed to travel into another state, purchase a lottery ticket, and then bring it back into the home state.
If you are lucky enough to win the Powerball jackpot, you have the choice between receiving the prize paid out over 29 years (30 payments) or in one lump sum payment. The largest jackpot prize awarded so far in 200 was an annuity payment of $365 million or a lump sum payment of $177 million. Imagine the things you could do with that kind of money!
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From: haas.w Comment:
1 in 195,249,054.00
1 in 5,138,133.00
1 in 723,144.64
1 in 19,030.12
1 in 13,644.24
1 in 359.06
1 in 787.17
1 in 123.48
1 in 61.74
The overall odds of winning a prize are 1 in 35.11.
The odds presented here are based on a $1 play (rounded to two decimal places). Why isn't the chance of winning $3 at 1 in 39?Click here for FAQ.
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