Powerball Fact Sheet

advertisement
Effective 10/4/2015
Launch
Powerball® sales began on April 19, 1992. The first drawing was on
Wednesday, April 22, 1992. Powerball replaced Lotto*America.
Drawings
Watching Drawings
Sales Cutoff
Starting Jackpot
How to win the Jackpot
Odds to Win the Jackpot
Record Powerball Jackpot
Wednesday & Saturday at 9:59 p.m. Central time.
Powerball drawings are conducted in the Florida Lottery’s studio, located in
their Tallahassee headquarters.
http://www.powerball.com/pb_video.asp
9 p.m. on drawing days
(lottery terminals operate from 5 a.m. to midnight)
$40 million
Match the first five (white ball) numbers and the Powerball (red ball)
number. The white balls are numbered from 1 to 69 and the red Powerballs
are numbered 1 to 26.
1 in 292.2 million
$590.5 million (Florida) May 18, 2013
Minnesota Jackpot Winners
22
Record Minnesota Jackpot
$228.9 million (1 winning ticket) on Aug. 10, 2011 – Thomas and Kathleen
Morris of Burnsville. They selected the $123.6 million cash option ($83.7
million after tax withholding).
SuperAmerica, 16161 Cedar Ave. in Lakeville, earned a $50,000 bonus for
selling the winning ticket.
Most Recent Minnesota Jackpot
$448.4 million (3 winning tickets) on Aug. 7, 2013 – Paul White of Ham
Lake won 1/3 of the jackpot ($149.4 million). He selected the $86 million
cash option ($58.3 million after tax withholding).
Holiday, 1442 N.E. Crosstown Blvd. in Ham Lake, earned a $50,000 bonus
for selling the winning ticket.
Winning Ticket Retailer Bonus
Payment Options
1
$50,000 (jackpot), $5,000 (Match 5 with Power Play) and $1,000 (Match 5)
Jackpot winners have 60 days from the claim date to select either the 30payment graduated annuity or the cash option. Jackpot winners will receive
their first payment about two weeks after the drawing. The graduated
annuity increases by 4 percent each year.
Minnesota State Lottery Powerball Fact Sheet
Powerball Lotteries (47)
Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida,
Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana,
Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana,
Nebraska, New Hampshire, New Jersey, New Mexico, New York, North
Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto
Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, U.S.
Virgin Islands, Vermont, Virginia, Washington, Washington D.C., West
Virginia, Wisconsin and Wyoming.
Frequently Asked Questions:
If I die before I receive all the payments from a Lottery prize, like the Powerball jackpot, will
my heirs receive the rest of my prize money?
Yes. Payments continue to the winner's estate or the winner’s designated beneficiary until exhausted.
The Lottery also permits the estate to request the present value of the securities held for the winner be
turned over to the estate. This permits the estate to pay inheritance taxes immediately, avoiding any
penalties, and to distribute the remainder to the heirs. Then, of course, no more payments exist. There
are also certain lifetime prizes in the Lottery. These have a guaranteed minimum number of years, after
which payments continue if the winner is alive. If the winner dies before the minimum number of years,
payments continue until the end of that period.
Do the odds of winning increase, decrease or remain the same depending on how many tickets are
sold?
It makes absolutely no difference how many tickets are sold or how many states play the game. You are
always playing against the numbers drawn.
What happens if a prize goes unclaimed?
Unclaimed multi-state game jackpots including Powerball and Mega Millions® are returned to the
participating states based on their percentage of sales that contributed to the jackpot pool. In
Minnesota, all unclaimed prize money goes to the state General Fund.
2
Minnesota State Lottery Powerball Fact Sheet
Download