The US Powerball is a Multi-state lottery, one of the biggest in the world and offers a minimum Jackpot of $40 million, drawn twice a week, Wednesdays and Saturdays 23:00 Local time.
|Hosted In||Schedule||Guess Range||Jackpot Type||Tax Requirements|
|5/69 + PowerBall 1/26||29 Annual installments Cash Value: About 50%||About 36.00%|
The USA Powerball (originally known as the “Lotto America”) began in 1988 by the Multi-State Lottery Association. In April 1992, the name was changed to the U.S. Powerball and the game’s first drawing officially took place only three days later. The U.S Powerball became the first game to use two drums. Using two drums to draw numbers from offers more manipulation, simultaneously allowing high jackpot odds, numerous prize levels, and low overall odds of winning. In 2008- US Powerball began having its draws in Florida and the numbers grid was changed to 5/59 + 1/39. This altered the jackpot winning odds from 1:146 million to 1:195 million!
The largest US Powerball jackpot to date was $1.6 billion on 13 January 2016. The jackpot was split by three winners in California, Tennessee, and Florida. Powerball now has the record for the largest jackpot!