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Powerball Jackpot

Powerball is an American based lottery draw which is played in all the 44 states of the country and also in the District of Columbia, Puerto Rico and the US Virgin Islands. Powerball is run by a non-profit organization- Multi-State Lottery Association (MUSL) which is created with an accord of US lotteries. The minimum advertised Powerball jackpot is worth $40 million (annuity). Powerball’s annuity is paid in 30 graduated installments. However, the lucky winner can also opt for a lump sum payment instead. Moreover, one lump sum payment will be lesser than the total of the 30 annual payments due to the time value of money.

The Powerball drawings take place on every Wednesday and Saturday night at 10:59 p.m. Eastern Time. The odds of winning the Powerball jackpot are 1 in 292,201,338 per play. Each Powerball play ticket costs $2 and $3 if you choose the Power Play option. The official cutoff for the Powerball ticket sales is 10:00 p.m. Eastern Time. The Powerball winning numbers are usually drawn at the Florida Lottery’s studio in Tallahassee.

The largest Powerball jackpot in history was drawn on January 13, 2016. The massive $1.586 billion jackpot was split by three winning tickets purchased in Chino Hills, California, in Munford, Tennessee, and in Melbourne Beach, Florida.

The minimum Powerball bet is $2. In each game, players need to choose five numbers from a set of 69 white balls and one number from 26 red Powerball. The red Powerball number can be the same as one of the white balls. The drawing order of the five white balls is irrelevant. All the Powerball tickets show the white ball numbers in ascending order. In addition to this, Powerball players cannot use the drawn Powerball number to match two of their white numbers or vice versa. Meanwhile, lottery players can choose their numbers, or have the terminal pseudo-randomly pick the lucky numbers for them. This is known as “quick pick”, “easy pick”, etc.

In each Powerball game drawing, winning numbers are selected using two ball machines. One machine contains the white balls while the other contains the red PowerBall. Five white balls are drawn from the first machine while the red Powerball is drawn from the second machine. Tickets matching at least three white balls or the red Powerball win prizes accordingly.

For each draw, two identical machines are used. The Halogen – the machine is manufactured by Smartplay International of Edgewater Park, New Jersey. There are total eight ball sets (four of each color); one set of each color is randomly chosen before a draw. All the balls are first mixed by a turntable at the bottom of the machine which propels all the balls around the chamber. When the machine selects a ball, the turntable slows to pick and send it up the shaft and then down the rail to the display.

A player can opt for the Power Play option through paying an additional $1 per game. Power Play number is drawn separately from the set of 6 numbers. If Power Play option is applied, the 5+0 prize is automatically doubled to $2 million.

Now the biggest dilemma faced by almost every lottery players is whether to maximize the chance at the jackpot or increase lower-tier winnings. In 2001, when the Power Play was first introduced, it was drawn with a special wheel. However, MUSL replaced one of the 5× spaces on the Power Play wheel with a 10× in 2006 and 2007. And, during each month-long promotion, MUSL guaranteed that there would be at least one drawing with a 10× multiplier.

Power Play′s huge success resulted in similar multipliers in other lottery games. The most notable one is Megaplier that is available through all Mega Millions members except California. Above all, the 2012 Powerball changes resulted in all eight lower-tier levels having “fixed” Power Play prizes.

On Oct 4, 2015, PowerPlay changed, using 42 or 43 balls as follows:

2x (24)

3x (13)

4x (3)

5x (2)

10x (1)