When you choose to play US Powerball online, you get a chance to win one of the 9 Powerball prizes in just a few clicks. Thanks to theLotter, the best worldwide lottery is now available in Australia. Find out all about the Powerball prizes you can scoop right here.
What should you know about Powerball’s first prize?
The Powerball lottery is famous for its amazing prizes. Its jackpot not only starts at USD20 Million, but it also already reached USD 1.586 Billion! To this day, it is the biggest lottery jackpot ever awarded, in the world!
Do you imagine?! Winning such a big amount and becoming one of the Powerball winners… That amazing record amount was scooped in 2016 by three winning tickets. Here is all you should know about the Powerball jackpot:
| Powerball prize | |
|---|---|
| Balls matching | ⚪⚪⚪⚪⚪ + 🔴 |
| Minimum amount | USD 20 Million |
| Maximum amount | Unlimited |
| Record Amount | USD 1.586 Billion! |
To be able to claim Powerball’s first prize, you need to match the 5 main numbers and the Powerball number.
The only requirement: buy your US Powerball ticket from an authorized location in the United States and make sure the ticket does not leave the country until the draw takes place! A simpler way can be to choose to participate to the Powerball online on a safe and secure platform.
What are the 9 Powerball prizes you can scoop?
Overall, the Powerball lottery offers a total of 9 prizes you can scoop. Obivously the 1st one is the biggest, but you could win USD 1 Million by guessing only the 5 main numbers without the Powerball number. You can also win a prize by guessing only 2 main numbers. See more in the table below:
| Prize Division | Matching Balls | Prizes |
|---|---|---|
| 1st Prize | ⚪⚪⚪⚪⚪ + 🔴 | Jackpot |
| 2nd Prize | ⚪⚪⚪⚪⚪ | USD 1 Million |
| 3rd Prize | ⚪⚪⚪⚪ + 🔴 | USD 50,000 |
| 4th prize | ⚪⚪⚪⚪ | USD 100 |
| 5th Prize | ⚪⚪⚪⚪ | USD 100 |
| 6th Prize | ⚪⚪⚪ | USD 7 |
| 7th Prize | ⚪⚪ + 🔴 | USD 7 |
| 8th Prize | ⚪ + 🔴 | USD 4 |
| 9th Prize | 🔴 | USD 4 |
What are the odds of winning each Powerball prize?
You have a chance in 292,201,338 to scoop Powerball’s 1st prize. It may seem like difficult odds to beat, but keep in mind that the Powerball saw quite a few jackpot winners till now & these odds are better than Mega Million’s (1:302 Million to scoop the jackpot)! The overall odds of winning a Powerball prize are 1 in 24.87 and your odds to scoop the last prize (9th division) is of 1:38. See all the Powerball odds in the table below:
| Prize Divisions | Match | Prize | Winning Odds |
|---|---|---|---|
| 1st Prize | ⚪⚪⚪⚪⚪ + 🔴 | Jackpot | 1:292,201,338 |
| 2nd Prize | ⚪⚪⚪⚪⚪ | USD 1,000,000 | 1:111,688,053 |
| 3rd Prize | ⚪⚪⚪⚪ + 🔴 | USD 50,000 | 1:913,129 |
| 4th Prize | ⚪⚪⚪⚪ | USD 100 | 1:36,525 |
| 5th Prize | ⚪⚪⚪ + 🔴 | USD 100 | 1:14,494 |
| 6th Prize | ⚪⚪⚪ | USD 7 | 1:579 |
| 7th Prize | ⚪⚪ + 🔴 | USD 7 | 1:701 |
| 8th Prize | ⚪ + 🔴 | USD 4 | 1:92 |
| 9th Prize | 🔴 | USD 4 | 1:38 |
What are your payment options when claiming a Powerball prize?
Jackpot winners have 2 options when claiming their Powerball prize:
- cash option: lump sum in two installments – one from the winning jurisdiction and then the combined funds from the other members.
- annuity option: paid in 30 yearly installments. Each annuity payment being 5% higher than in the previous year to adjust for inflation.
When you win any of the 8 secondary Powerball prizes, the cash option will be your only payout option.
What Powerball prizes can you boost with the Power Play?
The Powerball lottery offers a unique multiplier feature that can multiply your secondary prizes by up to 10 times! All you need to do to activate it, is to tick the Powerball Power Play box when you purchase your ticket.
- when the jackpot did not reach USD 150 Million yet, the Power Play feature can be of x2, x3, x4, x5 or x10!
- once the jackpot reaches USD 150 Million, the x10 is removed from the Power Play option and secondary prizes can be multiplied by 2, 3, 4 or 5.
This is such an amazing feature but there are 2 important details we would like to point out:
- The jackpot is NOT influenced by the Power Play which only multiplies secondary Powerball prizes.
- The 2nd Powerball prize will automatically be doubled if you scoop it and have ticked the Power Play option.
See how the Power Play influences the Powerball prizes right below:
| Division | Prize | x2 | x3 | x4 | x5 | x10 |
|---|---|---|---|---|---|---|
| 1st Prize | Jackpot | Jackpot | Jackpot | Jackpot | Jackpot | Jackpot |
| 2nd Prize | USD 1 Million | USD 2 Million | USD 2 Million | USD 2 Million | USD 2 Million | USD 2 Million |
| 3rd Prize | USD 50,000 | USD 100,000 | USD 150,000 | USD 200,000 | USD 250,000 | USD 500,000 |
| 4th Prize | USD 100 | USD 200 | USD 300 | USD 400 | USD 500 | USD 1,000 |
| 5th Prize | USD 100 | USD 200 | USD 300 | USD 400 | USD 500 | USD 1,000 |
| 6th Prize | USD 7 | USD 14 | USD 21 | USD 28 | USD 35 | USD 70 |
| 7th Prize | USD 7 | USD 14 | USD 21 | USD 28 | USD 35 | USD 70 |
| 8th Prize | USD 4 | USD 8 | USD 12 | USD 16 | USD 20 | USD 40 |
| 9th Prize | USD 4 | USD 8 | USD 12 | USD 16 | USD 20 | USD 40 |
Are Powerball prizes taxed?
Yes, lottery winnings, in the United States, are subject to taxation. Not only that, but, in the States, taxes are payable at the federal and state level for lottery winnings.
Each American state has slightly different laws, so there are states that take more than others. This can be something to take into account when deciding from where to buy your lottery tickets.
Moreover, Powerball prizes are subjected to the taxation laws of the state where the ticket was purchased in, but if you chose to play online from another country, your winnings will also be subjected to local taxation according to the laws of your country.
How can I claim my Powerball prize after playing online?
If you chose a safe and secure platform of online lottery curiers such as theLotter, know that your ticket is in digital format but your official Powerball ticket is locked down in a safe. Regardless of the amount, you will be able to claim your Powerball prize. On theLotter, a team will help you with the claiming process if you win big, otherwise the prize will be automatically transferred to your account!
Powerball prizes FAQ
The Powerball lottery offers 9 prizes, the largest reaching unlimited amounts while the smallest is worth USD 4 (which can reach USD 40 if you ticket the Power Play option when buying your ticket.
You can scoop a Powerball prize by guessing only 2 numbers: it will bring you Powerball’s last prize (9th division) worth USD 4 (up to USD 40 with the Power Play feature).
If you win the Powerball jackpot, you will have to choose between a cash lump payment or an annuity payment. Each offers advantages: the annuity offers more financial security over a longer period of time, while a lump sum can allow you to use more money in once.
At the end of the day, it all depends on the current tax-rate and the use you want to make of the jackpot, so think good about your options and maybe talk to a financial advisor before deciding which option is best for you.
If you chose a safe and secure platform of online lottery curiers such as theLotter, don’t worry, your official Powerball ticket is locked down in a safe. The prize scooped will be automatically transferred to your account except if you won a very large Powerball prize. In that case, a team of lottery professionals will help you with the prize-collecting process as you might have to get the prize yourself.