Powerball is an American lottery game available in 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. A nonprofit organization made up of US corporations and lobbyists, the Multistate Lottery Association (MUSL), coordinates the program. Since its inception on April 19, 1992, Powerball drawings have been held twice a week (Wednesday and Saturday); a third drawing (held Mondays) was added on August 23, 2021. The drawings are held every Monday, Wednesday, and Saturday at 10:59 p.m. Eastern Time at Universal Studios in Orlando, with Sam Arlen, Michelle Liles, and Laura Johnson hosting. Audits of the drawings are performed by Carol and Company.
Powerball® Winning Numbers
|5-of-5 + PB||0||$416 Million||–||–|
|4-of-5 + PB||2||$50,000.00||2||$100,000.00|
|3-of-5 + PB||76||$100.00||33||$200.00|
|2-of-5 + PB||1,964||$7.00||537||$14.00|
|1-of-5 + PB||15,364||$4.00||4,482||$8.00|
|0-of-5 + PB||39,818||$4.00||11,937||$8.00|
As of October 7, 2015, the game uses a 5/69 (white balls) + 1/26 (Powerballs) matrix to draw winning numbers, giving a 1 in 292,201,338 chance of winning the jackpot per play. Plays cost $2 or $3 with the Power Play option (originally, Powerball plays cost $1; now, such games cost $2.). The cutoff time for ticket sales is 10:00 p.m. Eastern Time; some lotteries end sales earlier. The drawings are held at the Florida Lottery’s studio in Tallahassee. Powerball’s minimum advertised jackpot is $20 million (annuity); Powerball’s annuity is paid in 30 graduated instalments or lump sums are available. A lump-sum payment will be less than the total of 30 annual payments due to the time value of money and also because one check for a much higher sum will be taxed at a much higher rate than 30 checks each for a much lower sum.