Annuity vs. Cash
98% of Powerball jackpot winners chose to take the cash option. Or to put it another way, only 4 winners in the last 13 years (2003 — 2016) chose the annuity option.
If you win the Powerball jackpot, you have the option of taking an annuity — an annual payment over 30 instalments — or a cash lump sum paid to you in full. You’ll see there’s quite a difference between the two. This is because the cash lump sum pays out whatever’s in the jackpot fund, whereas the annuity includes both the cash sum and the interest generated by investing it over the next 29 years. The value of the annuity option also has the added benefit of increasing by 5% annually.
Powerball Results Online — Latest Powerball Lottery Numbers
Powerball, formally known as lotto America before its renaming in 1992, is an amazing lottery game. Since its first draw in 1978, the lotto has continuously hosted draws in all the different states of the USA. However, players outside the United States can access the game online at Multilotto. The only requirement is that you are above 18 years of age. Beyond this, you get to play whether as a single player or in the syndicate mode (playing as a group) to increase your chances of winning.
Up to date, the lottery has awarded over 473,026 lucky winners from around the globe. These wins include the massive jackpots and the other 8 possible wins in the draw. Powerball has paid out $6,189, 907 as wins in the mini draws. To join these players all you need to purchase a ticket at your retailers or simply do it at the comfort of your home with Multilotto, then await the Powerball numbers during the draw for your chance of winning.
Power Play is a multiplier option. For an extra US $1 per ticket you can add Power Play. You don’t have to choose any extra numbers for this. Rather than improving your chances of a win, Power Play increases the amount of prize money you receive if you do win.
One Power Play number is randomly selected from a pool of 42, marked with multipliers from 2x to 5x. If the jackpot is less than US $150 million, one extra 10x multiplier is added. Whichever multiplier is drawn, non-jackpot prizes are multiplied by that amount, for winning tickets with the Power Play option selected. This excludes the jackpot and any wins for five numbers matched (where the top prize is doubled to US $2 million).
Why You Should Play usa powerball At Multilotto
Many jackpots and smaller wins have gone unclaimed and been used as a charity fund, simply because players probably misplaced or did not get to watch the draw. At Multilotto, the winning Powerball numbers are always sent to all those who played and informs any of their users who have won. Apart from just Powerball, players can indulge in many other lotteries such as Euromillions, Mega Millions, El Gordo, Mega-Sena amongst others that you can all play at once to increase your chances of winning. Casino game enthusiasts can also take a shot at the slots, table games and even video poker that are available at the site. The games are all from giant providers such as NetEnt Playn’ Go. You can enjoy all these while playing the Powerball lottery.
To play Powerball, you’ll need to get a ticket. A Powerball ticket consists of five numbers and a sixth number designated as the Powerball number.
Each Wednesday and Saturday night, a drawing is held. If your ticket’s numbers match some or all of the numbers drawn, you’ll win a variable sum of money. The amount you win depends on how much you match, and if you match all 6 numbers, you’ll win the grand prize.
A single ticket costs $2. With each ticket purchased, it’s possible to add the Power Play option, which costs $1 more.
There are nine ways to win at Powerball, based on the number of matches you make and whether you match the specific Powerball number. They are as follows:
- Match all five numbers + the Powerball number – Jackpot
- Match all five numbers – $1,000,000
- Match four numbers + Powerball – $50,000
- Match four numbers – $100
- Match three numbers + Powerball – $100
- Match three numbers – $7
- Match two numbers + Powerball – $7
- Match one number + Powerball – $4
- Match Powerball – $4
An option called Power Play allows players to increase these values should they win.
Power Play is an option players can select that allows for an increase in non-jackpot prizes. In order to activate Power Play, players must pay $1 on top of the standard $2. A Power Play number of 2, 3, 4, 5 or (sometimes) 10 is generated at random for this ticket. If the ticket wins any prize below the $1,000,000 prize, the value is multiplied by the Power Play number. If the ticket wins the million dollar prize, that prize is doubled. The 10x Power Play number will only be a possibility when the jackpot is $150 million or lower. Please note that California doesn’t allow the Power Play option.
Yes, anyone can play Powerball regardless of whether he or she is a US Citizen or not. The caveat, however, is that a ticket must be purchased in the US to be valid. Services exist that will buy Powerball tickets in the US on behalf of foreign-located players. It’s important to research to make sure that the service you’re using is legitimate.
There is a 1 in 24.87 chance of winning a Powerball prize of some kind with each ticket, but the odds of winning the jackpot are 1 in 292,201,338.
The full odds table is as follows:
- Five + Powerball – 1 in 292,201,338
- Five – 1 in 11,688,053.52
- Four + Powerball – 1 in 913,129.18
- Four – 1 in 36,525.16
- Three + Powerball – 1 in 14,494.11
- Three – 1 in 579.76
- Two + Powerball – 1 in 701.32
- One + Powerball – 1 in 91.97
- Powerball – 1 in 38.32
Yes, to play Powerball you must be 18 years of age or older.
U.S. citizens will pay federal taxes on prizes of more than $5,000, and most states also withhold their own tax from the prize amount.
Non-US residents should consult their country’s laws to determine what their tax liability may be.
If a Powerball drawing is held and no ticket sold matches all 5 numbers plus Powerball, the jackpot rolls over to the next drawing. Each time this happens, the jackpot grows larger and larger.
There’s no limit on how high the jackpot can grow, and multiple roll-overs can produce jackpots that grow by hundreds of millions of dollars each time.
If multiple tickets are sold for a drawing that match all 5 numbers plus Powerball, the jackpot will be split evenly between the winners.
In January of 2016, the jackpot reached $1.58 billion dollars. Three winning tickets were sold, meaning that a prize of $528.5 million was awarded to each of the three ticket holders.
The expiration date on a winning Powerball ticket depends on the state in which it was purchased. Each state has its own rules, ranging from 90 days to as much as a year after the drawing was held. You’d be encouraged to consult with lottery officials in the state in which the ticket was purchased to know when your ticket expires.
The cut-off point for buying a ticket varies from state to state. Generally, it’s from one hour to two hours before the drawing is held.
Is it legal to play the lottery over the Internet?
The state lotteries and MUSL (the organization that runs Powerball) are all very firm in their assertion that playing the lottery in any manner over the Internet is illegal. We are not lawyers and can’t provide legal advice, but we are not so sure about their position. Their absolute certainty that it is illegal may have more to do with not wanting to lose control of the player interaction, and less to do with a firm legal footing.
When we assess the legality, we look at what has actually happened in court cases. There have been people in the past who purchased a lottery ticket from an Internet Web site, subsequently won the jackpot, and the lottery attempted to block them from receiving the jackpot. In each case, the winners took the lottery to court and won. They received their jackpot as if they walked into a store and purchased a ticket.
You must keep in mind that any type of Internet-based lottery service is not risk-free. From a legal standpoint, the services are dealing in loopholes in the current law, and the US Congress has taken steps to make those loopholes tighter, particularly in trying to prevent banks and credit cards from allowing Internet payments for lottery services. But there is a much bigger threat when you use an Internet lottery service: getting ripped off.
By not making a purchase in a store, you may be doing something worse than throwing your money away: you may be helping to keep a scam operation running. Stay away from anything referring to a «syndicate». We are not aware of any site using that terminology that is not a scam. Also beware of sites that state «Insured by ___» at the bottom. It is like saying «We don’t really buy lottery tickets, but trust us, you’ll get paid if you win.» Have you ever heard of an insurance company paying out a $200 million Powerball jackpot? We haven’t.
We do allow some advertising on USA Mega for lottery services. We recommend that USA residents stay away from such services, and make your purchases in a store. The ads are directed at non-USA residents, who may not have the online lottery restrictions that exist in the USA.
USA Powerball: How to win & How it works
After purchasing your ticket, pick five random numbers between 1 and 69, these are usually the white balls. Next, pick just one red ball, with the numbers between one and 26. Alternatively, Multilotto assists you in this process with the quick pick feature that makes the random pick for you. If you pick the 6 numbers right, you win the jackpot whose minimum is $40 million. Tickets go for just €3.50 per line. The Powerball draw takes plays every Saturday and Tuesday of the week. The draws are all televised in the states but Multilotto users get to see the results immediately after the completion of the draws.
Apart from the jackpot, the prizes you win are dependent on which numbers you made a correct pick on. If you matched a red and white ball you get a €4 win, you also get the same amount for matching just one red ball right. Matching three white balls guarantees a win of €7 which is the same amount you get for matching one red ball plus two white balls.