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SELECT NUMBERS Choose 7 numbers from 1 to 35 PLUS choose 1 Powerball number from 1 to 20 in a single game panel. PRIZE DIVISIONS Divs 1 to 9 There are 9 winning prize divisions in Powerball.
HOW TO WIN To win Division 1 you need to select all 7 winning numbers plus the Powerball in a single game panel. DRAW CLOSE TIME Thur pm AEST Draw close time is Thursday pm AEST pm AEDT and is drawn shortly after.
It is your prerogative to tell whoever you want about your win, and winners have taken very different approaches in the past. Before the money can be transferred to your account, you need to decide how you would like to be paid.
Powerball winners can decide whether to accept the full amount in annual instalments over 30 years or accept a one-off lump sum.
Take a look at the Cash Vs Annuity page to find out more. If you win the Powerball jackpot, you have to pay tax regardless of which option you choose.
You can check out the Powerball Taxes page for more information. There are a growing number of states in which you are allowed to remain anonymous when you win the lottery - Arizona, Delaware, Georgia, Kansas, Maryland, New Jersey, North Dakota, Ohio, South Carolina, Texas, Virginia, West Virginia and Wyoming all allow winners to shield their identities.
In some of these states there are conditions, where you must have won a certain amount to be able to stay private. With the annuity, over the year period, you will get the entire amount of your win, and only need to pay taxes on that yearly amount.
Also, a lump sum payment means you might have the inclination to spend more money, so you could potentially end up in a situation where the toys, houses, trips, gifts, and other expenditures have worn out your winnings.
With the yearly annuity, if you happen to blow through your first year's payment, you know that you will have next year's with which to start over.
Work with a well-trusted and experienced financial advisor to help you control spending, invest wisely, and deal with the taxes. You should also contact a lawyer to help you deal with estate planning and gifting.
With proper investment strategies, you will be able to make money on your winnings and never touch your principal, only spending the amount that comes in as "income.
Don't alter your lifestyle immediately. Don't buy a new house and new car, or travel extensively. Instead, have a plan in place to do these things in an order that won't disrupt your family's routine.
Staying calm and dealing with taking care of the little things first is more important than a mansion or Porsche.
As jackpot values soar, more and more people buy tickets, so a larger percentage of the possible number combinations are sold. Eventually, it becomes nearly impossible for a drawing to occur without a winner.
The jackpot can, and often does, reach values of hundreds of millions of dollars. But there's more to Powerball than just the jackpot prizes. The value of the prizes depends on how many numbers a player has guessed correctly, and the number of prizes awarded in each drawing is limited only by how many people make correct guesses.
For an additional dollar, you can add the PowerPlay option, which increases the size of your prize if you correctly guess one to five qualifying numbers.
If you purchase the PowerPlay option, the value of any prize you win for matching fewer than five balls will be multiplied by a randomly-drawn value between two and five.
For the payouts for matching five or six balls, the PowerPlay option works differently. The other multipliers don't come into play.
The PowerPlay doesn't affect the size of the jackpot, which is fixed whether you purchase the PowerPlay option or not. No multipliers apply to jackpot payouts.
Powerball is a two-drum lottery game. One drum holds 69 white balls, while the other drum holds 26 red balls.
Only one red ball will be drawn, and that red ball is called the Powerball. When you buy your ticket, you select five numbers, which will be drawn from the first drum with the white balls, and one Powerball number.
The winning Powerball number will be drawn from the second drum with the red balls. You can choose your Powerball numbers or you can use Quick Pick , which draws your numbers for you at random.
The order of your first five Powerball numbers doesn't affect your chances of winning. If you pick the numbers 1 3 9 13 17 and the Powerball 6, and the winning numbers come up 17 9 1 3 13 6 , you'll still win the jackpot.
However, you must correctly guess the Powerball to win the jackpot.