Powerball

Powerball is an American lottery game offered by 45 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands and the United Kingdom, and overseen by the Multi-State Lottery Association (MUSL), which also manages other large jackpot games such as the Mega Millions. Drawings are held three times weekly on Mondays, Wednesdays, and Saturdays at 10:59 p.m. Eastern Time, at the Florida Lottery's headquarters in Tallahassee. The winning numbers are made up of five "white balls" from a matrix of 69 and one red "Powerball" from a matrix of 26, resulting in jackpot odds of 1 in 292,201,338 per play. Each play costs two dollars, but players in some states can add Power Play, which allows players to increase the payout of their winning numbers, or Double Play, which allows players to use their numbers in a second, concurrent drawing with a different prize pool, each for an additional dollar. The official cutoff for ticket sales is 10:00 p.m. Eastern Time; some lotteries cut off sales earlier. Powerball's minimum jackpot starts at $20 million annuity. Powerball jackpot winners have the choice of taking the annuity or lump sum cash prize (although in the UK only an annuity is provided). The annuity is paid in 30 graduated installments over 29 years with each annuity payment increasing 5% annually, whereas the lump sum payment, with a cash value of about half of the advertised jackpot, is paid all at once. Powerball is known for producing some of the largest lottery jackpots in history, including the record-breaking $2.04 billion jackpot won by a ticket purchased in Altadena, California, in 2022.