Things You Need to Know About Powerball

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Whether you’re a new Powerball player or a professional, reminding the basics of this popular draw game is always have its advantages.

Here are the few things you need to know about Powerball.

1. Cost to play Powerball

Each Powerball ticket costs around $2 in general.

2. Lottery Tickets sales closes

If players are buying tickets from an existing Lottery outlet, they close at 20:30 on the day of a draw. The terms and conditions for other lotto services vary – please read them when you sign up for these services.

Powerball Jackpot

3. Deciding between the lump sum or the annuity

Lottery winners can choose between taking all the cash up front, usually at a discount, or receiving annual payments of more money spaced out over a longer time period. Deciding on which path to take will depend on your situation but getting an extra income source over the next 30 years or so isn’t a bad move, especially because it’ll help with cash flow. Consider the impact of tax. Winning a prize pool like this one will likely thrust you into the top tax bracket.

4. Money you win if player get less than all 6 matching numbers in Powerball

Even if player haven’t matched all 6 winning numbers, that doesn’t mean player won’t go away empty handed. There are 9 different match combinations that can earn you a prize in Powerball. While this multi-state lottery has set prizes in other states for partial matches, prizes vary in California according to ticket sales and the number of winners. Normally, matching just the Powerball number likely means that player will win around $4. Matching all 5 regular numbers could yield a 6-figure prize, while matching 4 regular numbers plus the Powerball number could land player a 5-figure prize.

5. First Powerball

According to the California Lottery website, some Powerball tickets were introduced to California lottery players for the first time on April 8, 2013. The very first Powerball draw in California took place on April 10, 2013. It has quickly become one of the most popular lottery games in the State.

6. How do players play Powerball?

To play Powerball, players choose 5 regular numbers from 1 to 69 and 1 Powerball number from 1 to 26. The jackpot is won by matching all five regular numbers and the Powerball number.

7. Powerball jackpot worth in general

The Powerball jackpot begins at $10 million. If there are no jackpot winners, the jackpot will increase by at least $10 million. The largest jackpot prize in U.S. history came in January 2016, when the Powerball jackpot rose to a record $1.586 billion.

8. How long do players have to claim prizes?

Players need to check Powerball tickets every Wednesday and Saturday to see if they won. Players have 180 days from the draw date to claim their prizes, other than the jackpot. The jackpot can be claimed for up to a year from the date of the Powerball draw.

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9. The odds of winning a prize

According to the California Lottery, the odds of winning any prize in Powerball is about 1 in 25 and the odds of winning the jackpot are 1 in 293 million.

10. What are the Powerball draw days?

Powerball draws take place every Wednesday and Saturday. Draws close at 4:00 P.M. Pacific Time, so make sure to purchase your lottery tickets before them.

Now that you know all these Powerball facts, you are ready to play. Purchase your tickets today and enjoy the game.