The rollover Powerball jackpot has increased once more ahead of the most recent draw, which happens at 10:59 p.m. ET tonight, Saturday, July 31, because no tickets matched the winning numbers on Wednesday.
The current anticipated jackpot is $170 million, or $100.5 million in cash.
How To Play Powerball ?
A standard $2 Powerball ticket is available. You must select a Powerball number from 1 to 26 and five numbers from 1 to 69 in order to participate.
You win the jackpot if the six numbers you select match those that were drawn. If some of your numbers are selected but not all, there are additional steadily lower prizes available (see below).
Power Play, Double Play
You can add a “Power Play” for one dollar more. Depending on the multiplier number drawn from a hat prior to the draw itself, wins are multiplied by 2, 3, 4, 5, or 10 in this case.
But if you win the $1 million second prize, Power Play isn’t used, and the multiplier is never greater than two.
You can also pay $1 for a “Double Play” in various places, including Colorado, Florida, Indiana, Maryland, Michigan, Missouri, Montana, New Jersey, Pennsylvania, Puerto Rico, South Carolina, South Dakota, Tennessee, and Washington. Following the Powerball drawing, players’ numbers are added to a second drawing with a potential cash prize of $10 million.
How Much Can You Win Today, Saturday 31 July 2022?
- Five numbers + Powerball: $170 million ($100.5 million)
- Five numbers: $1m
- Four numbers + Powerball: $50,000
- Four numbers: $100
- Three numbers + Powerball: $100
- Three numbers: $7
- Two numbers + Powerball: $7
- One number + Powerball: $4
- Powerball: $4
Why Are There Two Jackpot Figures?
Powerball jackpot winners have the option of receiving their money as a single lump sum or as 30 annual instalments spaced out over 29 years.
They receive the entire prize in a series of slowly increasing instalments if they choose the latter choice, also known as the “annuity option.” The payments would climb from just over $2.5 million to almost $10.5 million in the case of the draw on Saturday.
They receive the lower “cash value” figure if they choose the lump sum.
The Powerball organisers explain the disparity between the two jackpot amounts by stating that the annuity is invested in government bonds over a 29-year period, allowing payments to rise by 5% year.
Keep in mind that winnings are tax-free.
What Are The Odds Of Winning The Powerball Jackpot?
A single ticket has a one in 292,201,338 chance of matching five numbers and the Powerball, according to Lottery USA. You have an 11,688,053.52 to one chance of getting five numbers without using the Powerball.
Where Can You Play Powerball?
As of right now, Powerball is played in the following states, territories, and federal districts: Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina.