What is Powerball?

Powerball is an American lottery, and is probably one of the Top 3 most popular lottery games in the world. Powerball has an ever-increasing jackpot that frequently makes the national news making millions of people excited about the results and the opportunity to become a millionaire! Powerball is a multi-state lottery in America that is available in 44 U.S states as well as Puerto Rico & the US Virgin Islands.

How to play:

To take part in the Powerball draw you need to pick 5 out of 69 possible numbers for your regular numbers and also choose 1 out of 26 power balls (bonus ball). The top tier prize is awarded to anyone who has correctly picked 5 of the regular numbers and also matched the Powerball. You can choose between buying a single ticket or pooling together and joining a group game.

Powerball History:

The Powerball Lottery is one of the top lotteries worldwide. It currently holds the record for the highest jackpot ever awarded - $1.586 billion was awarded as a top prize jackpot in 2016. This huge jackpot is not an anomaly; other huge prizes awarded through the Powerball include $590.5 million in 2013, $314 million in 2002 & $340 million was one as the jackpot prize in 2005.

It is also the rapid growth and huge popularity of the Powerball that has generated the buzz of it being a lottery worthy of playing worldwide. One of things that separates Powerball from the other draws out there is not just the huge, record breaking jackpots but the incredible minimum jackpot amount which is set at $40 million. When it comes to jackpots, the Powerball is out on its own.

Having a minimum jackpot (which is higher than some others have as their usual jackpot) so high means players are always interested in playing the Powerball. It is an ideal lottery to set up a subscription as you always know that the wining prizes will be high & the draw takes place twice a week.

Taxes

Prizes worth over $599 are subject to taxes and additional regulation required by law. However, there are no California state/local taxes.

What Happens if I Win?

When you win a jackpot you will have a two options as to how you would like to claim your winnings. The first is the most common, where jackpot winners’ are paid in 30 annual payments. However, after you win the jackpot and your prize is validated by the Lottery, you will have 60 days to choose the cash value of the prize instead of 30 annual payments.

Tips & Tricks For Increasing Your Odds:

The best way to increase your odds is to buy group game tickets. It’s pure logic & math. When you buy group game tickets you essentially ‘pool together’ your tickets and therefore up your odds immensely.

For example: If you wanted to buy a single ticket for a Powerball draw it will cost you $2 offline, and anywhere up to $5 per ticket online. With a group game option you buy shares in a group of tickets online. 50 tickets could make up one group (groups can be anywhere from 30-100 tickets grouped together). This group of 50 tickets is then split into 100 shares and each share can be sold separately, this way the player can buy a share in a group of 50 tickets for a prices much cheaper, as little as $0.16 per ticket. If one of the group’s ticket is a winner then the winning amount will be split according to how many shares you have in the group.

So, if we have a group of 50 tickets, split into 100 shares and you buy 10 shares in the group, you own 10% of the group of 50 tickets. This means if the group of tickets has a winner in it, say $100,000.00, you would receive 10% of this total, meaning you would win $10,000.00.