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The Ultimate Guide to the Powerball Online

Great new Powerball! A $ 768.4 million Powerball Jackpot was won in the March 27, 2019 draw. A single ticket purchased in Wisconsin allows its owner to win the 3rd largest jackpot in the history of the lottery . The cash value of the prize is enormous: 477 million dollars . Congratulations to the lucky winner!

The US Powerball lottery became the most famous lottery in the world when it came up with a record $ 1.586 billion jackpot in January 2016. The Powerball fever has spread around the world, while also reaching people who never played the lottery, who rushed to get their tickets. Fortunately, you too can play Powerball no matter what your location. Buy Powerball Tickets Online Now  !

It is difficult, but certainly not impossible, to win the Powerball jackpot. Of course, to have a chance to win, you have to participate. And if you want to maximize your participation, read the detailed information guide below that may help you win the biggest lottery prize in the world!

how to win the powerball jackpot

Powerball rules

To play Powerball US, you must choose five numbers between 1 and 69 and a Powerball number between 1 and 25 . The Powerball lottery has 9 price categories, as well as a Multiplier option called Power Play, which allows you to multiply second-class prices up to ten times. The Powerball jackpot (corresponding to the five main numbers and the Powerball extra number) starts at $ 40 million and is back in play until it’s won. Powerball draws take place twice a week, every Wednesday and every Saturday.

Powerball Jackpots and other prizes

* The Power Play number multiplies the price by 2X, 3X, 4X, 5X or 10X. The 10X multiplier only works with jackpots equal to or less than $ 150 million.

By discovering only the Powerball number, the Powerball prize is $ 4. The jackpot has no maximum limit. In January 2016, the Powerball’s record $ 1.586 billion jackpot was shared by three winning tickets. Even if you do not win the first prize, you can still win big at Powerball. Discover the five numbers drawn and you will win the second category prize to become an instant millionaire!

When you add the Power Play option to your tickets, you can multiply your prices off the jackpot. Your prize is multiplied from 2 to 10 times, depending on the multiplier number drawn at random for this draw. The 10X multiplier is only available with jackpots equal to or less than $ 150 million. Regardless of the Power Play multiplier fired, it will only be able to multiply the second-category price by two, thus earning $ 2 million instead of one.

Winners of the Powerball Jackpot have the opportunity to cash in their prize in the form of a single annuity or lump sum payment. Most winners choose the lump sum option, certainly because by cashing all at once, the feeling of recovering more money remains.

If the annuity option is chosen, the winner will receive 30 payments over 29 years. Annual payments increase by 5% each year, until the 30th and last payment. The 30 payments are equivalent to the total value of the annuity.

Read additional information that will help you decide if you want to take the lump sum or staggered amount when you win the Powerball Jackpot.

Lottery prizes won in the United States Lottery are subject to a tax, both nationally and federally, and non-residents are sometimes taxed at a higher rate than Americans. In addition, you may be subject to a tax in the country where you reside. For more information on potential taxes after winning a big Powerball prize.

Because of these tax deductions, the amount received by the winners of the Powerball Jackpot is lower than the advertised jackpot.

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Hilda Garner has done her majors in journalism from Michigan. Her younger sister is also a successful writer, and the rivalry between the two is legendary. Since becoming a full-time writer, Hilda has published several books. She is currently working as a freelance writer on residentweekly.com.