Powerball is arguably one of the most popular lottery games since it is available in 45 states. The jackpot for a game like this grows a lot faster than other games since you have a country playing and not just an individual state.
Currently, the jackpot has risen to $1.9 billion and could potentially grow larger if no one is able to correctly match all of the numbers. Below you can see how to play and what you could do in order to win the large jackpot.
- Current Estimated Jackpot: $1.9 billion
- Purchasing Options: Online and In-Store
- Ticket Cost: $2.00
- Drawing Schedule: Monday, Wednesday, and Saturday at 10:59 p.m.
How to Play Powerball
Players must figure out which five white ball numbers they want to select from one to 69. Next, players must choose a single red number that spans between one to 26.
For add-ons, Power Play is an option to potentially add more winnings to your ticket. This feature multiplies your earnings by a multiplier of 2X, 3X, 4X, 5X, or 10X the amount.
The 10X multiplier can only be used for prizes other than the jackpot and the million-dollar prize. If the jackpot reaches over $150 million in general, this multiplier will not be available.
Double Play is another add-on that will use the same exact numbers you currently have on your ticket once again for an instant second draw.
If you win the jackpot, you can take the prize amount in two ways. One is by taking the lump sum after taxes and the other by a 30-year annuity or installments. The lump sum means you do not get to enjoy the entire amount since it will be eaten up in taxes, but taking a fixed amount each year reduces the tax amount overall.
Odds, Price, and Prizes for Powerball
The overall odds of winning a single prize for Powerball are one in 25. This could be why the jackpot is so high now, but you could purchase another ticket to help boost your odds. The jackpot has ridiculously high odds of one in 292,201,338, so buying another ticket might help.
The prizes you could win vary from $4 all the way up to the current jackpot. Each ticket will cost two dollars, but add-ons cost another dollar, potentially making it four dollars for each play if you decide to add both.