After winning an $18 million lottery jackpot in 1993, Janite Lee saw her winnings gone within a decade. Louis Post-Dispatch reports that Lee, a wigmaker from South Korea, blew it on charity. TORONTO (Gray News) - A Canadian couple is looking forward to paying off bills and traveling the world after they won a $60 million lottery jackpot by playing numbers from a dream 20 years ago.

About Powerball

Powerball, which replaced the Lotto America in 1992, is one of the biggest jackpot lotteries in the world. As per Wikipedia , Powerball is the world’s largest jackpot ever in the history of lotteries, with $1.586 billion on Jan. 13, 2016.

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Since its inception, Powerball lottery under goes many changes, with each change Powerball became more popular by giving more winning options to the players.

As of January 2006, the overall odds of winning the Powerball jackpot are 1 in 292,201,338. But the odds of winning any prize (as low as $4) are drastically decreased to 1 in 24.87, a perfect reason to try your luck.

The Powerball jackpot starts at $40 million and grows until someone wins. The Powerball lottery also offers non-jackpot prizes starting from $4 to $2 million. Refer Powerball Payouts section for detailed non-jackpot prizes and odds.

In March 2001, Powerball introduced Power Play multiplier, which allows the Powerball players an opportunity to multiply the non-jackpot level prizes. The Powerball can be any number between 1 to 5. So the non-jackpot prize can be raised to 5 times if they match the required number of numbers.

Indiana state has record number of Powerball winners since the game's launch in 1992, according to Powerball.net.

Can a Powerball winner remain anonymous, only six states — Delaware, Kansas, Maryland, South Carolina, North Dakota and Ohio — allow winners to remain anonymous. Under Indiana law, a person can claim their money in a trust or limited liability corporation, or LLC, in order to avoid the publicity that comes with becoming a millionaire.

Powerball Frequently Asked Questions

Winning the Powerball lottery is about the fastest way possible to become a multimillionaire. Currently, the Powerball prize has risen to $42 Million. If you are new to the game, then it is important that you acquaint yourself with the rules and intricacies of playing the game. Below is everything you need to know about playing the most popular lottery game in America;

Powerball winning numbers are drawn from two sets of numbers.

The first set, Five Winning numbers are selected from 1 through 69. These numbers are called white balls.

From the second set is the Powerball, also known as Red ball, is picked from 1 through 29 numbered balls.

So, to play Powerball, Players needs to select 5 numbers from 1 through 69 for white balls and one number for Red Ball from 1 through 29. Or Player can have the computer terminal to select the numbers randomly, also called Quick Pick.

PowerBall ticket costs $2. Player has an option to select PowerPlay for an extra $1.

PowerPlay is a special feature, its an add-on, which allows a winner to increase the multiply non-jackpot prize amounts.

PowerPlay does not affect the jackpot. For a 5 white balls match, the $1 million prize will be doubled to $2 million with the PowerPlay.

All the prizes below a 5 ball match prize will be multiplied by the power play number drawn. It can be 1X, 2X, 3X, 4X or 5X. Starting Oct 2015, an additional multiplier of 10X is added if the jackpot is below $150 million.

Powerball winning numbers are drawn on every Wednesday and Saturday around 10:59 PM EST in Tallahassee headquarters of the Florida Lottery.

The recent Powerball draw held on Wed, Sep 18, 2019 and the next draw will be at Sat, Sep-21-2019, 10:59 PM ( US/Eastern )

The cost of Powerball tickets is $2. Power Play option ticket costs $3, which can multiply non-jackpot winnings by as much as two, three, four, five, or ten times.

There are two options available to winners to receive their winnings. They could either accept a one-time cash prize or opt for 30 installments over a period of 29 consecutive years.

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Most people tend to choose the lump sum over the installment payment. Winners would only get the full Powerball Jackpot prize if they opt for the installment payment. The cash option for this lottery is around 60% of Jackpot amount

Lottery prizes in excess of $5,000 are subjected to state and federal taxes. Lottery prizes are taxed like income, meaning that winners are expected to pay as much as 39.6% of their winnings to the government.

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No! Never toss your ticket. Lottery tickets with a partial match can earn you as much as $1 million. Statistically speaking, one in every 25 tickets will win either $1 million, $50,000, $100, $7, or $4.

As of Aug, 2017, Powerball lottery is offered by 44 states including District Of Columbia, Puerto Rico and Virgin Islands.

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