Even though the current Powerball jackpot is a whopping $441 million, it is eclipsed by a whopping $731 million jackpot that was won back in the summer. That was the fifth-largest jackpot ever in the United States.
The chances of winning the jackpot are 1 in 292,201,338; therefore, you’re more likely to win a slot machine than the jackpot. But, if you do decide to play, what will you get for the Powerball rewards, which are more modest?
How to Play Powerball
When playing Powerball, you must select six numbers for the drawing from two separate pools. Players select five numbers from 1 to 69 for the white balls and one number from 1 to 26 for the red ball, or Powerball.
In Powerball, there are nine different ways to win a prize, ranging from $4 (recovering your initial $2 buy-in plus $2) to the jackpot. By paying an extra $1 for the “PowerPlay” option, players can win two, three, four, or even five times their original reward. The PowerPlay, on the other hand, only applies to non-jackpot rewards of less than $1 million. The $1 million reward is multiplied by any PowerPlay number.
What are the Powerball’s nine prizes?
Except in California, where all prize payouts depend on sales and the number of winners, all states set the second through ninth awards at predetermined amounts. From the shortest to the longest, these are the nine ways to win.
The Powerball is worth $4.
If your Powerball number matches the one selected, you’ll get your $2 ticket back plus a few dollars more, for a total of $4. Your chances of matching only the Powerball are 1 in 38.
It’s still $4 if you pick one number plus the Powerball.
You’ll get $4 back if you pick one accurate number plus the Powerball. The chances more than double to 1 in 91.
$7 if you match two numbers plus the Powerball.
If you match two numbers and the Powerball, you’ll win $7, but your chances of getting there are 1 in 701.
3 digits-$7 once more
Although the odds of picking three accurate numbers are slightly greater (579 to 1), you still win $7.
If you match three numbers plus the Powerball, you will win $100. If you buy a ticket that matches three numbers plus the Powerball, you will win $200.
can finally get enough money to treat yourself or someone else to something special. The chances of getting that $100 in your pocket have increased to 1 in 14,494.
$100 for four numbers.
The odds of winning a lottery ticket with four numbers but no Powerball nearly treble to 36,525 to one, but the payoff remains the same at $100.
$50,000 if you match four numbers plus the Powerball.
The jackpot is now significantly higher, as are the odds of matching four numbers plus the Powerball. With the $50,000 reward or perhaps a new automobile, you’ll be able to take that vacation you’ve been putting off if you can beat the 931,129 to 1 odds. At this point, you’re twice as lucky, or should I say unlucky, to be struck by lightning (500,000 to 1).
$1 million based on 5 numbers.
To win $1 million, you must match the numbers drawn on the five white balls without the Powerball and beat the odds of 11,688,053 to 1.
The entire enchilada of the Powerball prize
“What would I do with all that money?” is a question that everyone who plays the lottery, and many who don’t, considers. The vast majority of those who do participate will keep dreaming, despite the fact that the odds of buying a ticket that matches all five numbers and the Powerball are 292,201,338 to 1. It’s more likely that lightning will strike you.