Powerball is an American game lottery offered by 44 states, the District of Columbia, Puerto Rico, and the US Virgin Islands. It is coordinated by the Multi-State Lottery Association (MUSL), a non-profit organization formed by agreement with the US lottery. The minimum jackpot advertised by Powerball is $ 40 million (annuity); Powerball annuities are paid out in 30 graduated installments or the winner can choose the payment at once. One payment at a time will be less than a total of 30 annual payments due to the time value of money.
Images for Powerball are held every Wednesday and Saturday night at 10:59 Ã, p.m. Eastern time. Since October 7, 2015, this game uses a 5/69 (white ball) 1/26 (Powerballs) matrix from which the winning number is selected, resulting in a 1 in 292.201.338 chance of winning the jackpot per game. Each game costs $ 2, or $ 3 with the Power Play option. (Initially, Powerball plays $ 1 fee; when PowerPlay starts, the game is $ 2.) Official Cutoff for ticket sales is 10:00 Ã, p.m. Eastern time; some lottery decides the previous sale. The pictures are usually kept in the Florida Lottery studio in Tallahassee.
On January 13, 2016, Powerball produced the largest lottery jackpot in history; The $ 1.586 billion jackpot is shared with three tickets sold in Chino Hills, California, in Munford, Tennessee, and in Melbourne Beach, Florida.
Video Powerball
Powerball member
Powerball replaced Lotto * America in April 1992; Mega Millions replaced The Big Game 10 years later. (See below for the evolution of the name Mega Millions .)
Mega Millions and Powerball
Alabama, Alaska, Hawaii, Mississippi, Nevada and Utah do not sell lottery tickets. In 2013, Wyoming became the 44th state to set up the lottery; The following year, it started, initially offering both Mega Millions and Powerball.
Maps Powerball
History
1988 precursor: Lotto America
Its predecessor Powerball began in 1988; a multi-state game known as Lotto America. Game, and name, changed to Powerball on April 19, 1992; the first picture was held April 22.
Powerball starts
When it was launched in 1992, Powerball became the first game to use two drums. Using two drums to draw numbers from more bidding manipulations by simultaneously allowing high jackpot odds, multiple prize levels and overall low winning chances (as explained later, tickets can win by just matching a single number). The concept of two drums was suggested by Steve Caputo of the Oregon Lottery. The concept of two drums has since been used by Big Game (now Mega Millions) in the US, Powerball Australia, Thunderball in the UK, Eurojackpot and EuroMillions (unlike most two drum games, Euromillions chose two so-called numbers "Lucky Stars" from the 2nd drum; the jackpot winner must make a total of seven matches).
Throughout 2008, Powerball images are usually held at Screenscape Studios in West Des Moines, Iowa. The host of the picture is an old Iowa radio figure, Mike Pace, who has brought MUSL pictures since Lotto America began in 1988. In 1996, Powerball went "on the road" for the first time, holding five remote images at the Summer Olympics in Atlanta. A few weeks later, Georgia became the only jurisdiction to leave Powerball (Maine, who joined MUSL in 1990, left when Powerball began). In August 1996, Georgia joined the newly released Big Game, then another US lottery group. It is planned to sell tickets for both games for the remainder of 1996; but within a few days, Georgia was removed from MUSL, not to return until the 2010 cross-selling expansion.
On November 2, 1997, the annuity was changed from 20 to 25 annual payments; cash options added. Annuities consist of 30 gradual payments, an increase of 5% per annum.
In 1998, Florida was granted permission by his government to participate in multi-state games. It is set to offer Powerball; but in early 1999, new governor Jeb Bush prevented Florida from joining him because he believed Powerball would hurt the existing Florida Lottery game. In 2008, Governor Charlie Crist finally allowed Florida to join MUSL, on January 4, 2009.
On March 7, 2001, an optional multiplier (called Power Play ) was added, allowing players to multiply non-jackpot victories by five by paying an additional $ 1 per game. A wheel is introduced to select a Power Play multiplier for each image (next year, 1x has been removed from the Power Play wheel .)
2009: Florida hosts the image
With the start of Powerball sales in Florida on January 4, 2009 (with the first image on January 7), the matrix changed to 5/59 1/39 (adding four white balls and dropping three red balls). This changed the jackpot probability from 1: 146 million to 1: 195 million; the overall probability of being 1:35.
Based on the statistical projection, the average jackpot wins increased from $ 95 million to $ 141 million. More than 3.5 million additional prizes are expected to be won annually due to a change in probability. The initial jackpot increased to $ 20 million, with a minimum rollover of $ 5 million. Jackpot contribution increased from 30.3% to 32.5% of total sales. The Power Play option has been modified; the second prize, usually $ 200,000, is given an automatic 5x multiplier, making a 5 0 $ 1 million cash reward. The second prize bonus if the jackpot exceeds the previous record with $ 25 million, triggered only twice, omitted with a 2012 format change.
Conditions for Florida joining Powerball include a move from a live image from Iowa to Universal Studios in Orlando. The three hosts who took turns announcing the duties of Universal Studios were Tracy Wiu, Elizabeth Hart and Scott Adams (MUSL headquarters remained in Iowa, where other withdrawals were held). The wheel used to determine the Power Play multiplier is stopped when the image is moved to Florida; a random number generator (RNG) is used until the 2012 format changes.
Arkansas became the 33rd MUSL member on October 31, 2009, the last joining before the 2010 cross-sell expansion. The Ohio Lottery added Powerball on April 16, 2010; joined Mega Millions (along with New York) the year before, when The Big Game added Mega Millions to his name.
cross-sell expansion 2010
In March 2009, it was reported that New Jersey, already a member of Mega Millions, requested permission to join Powerball. Shortly after, discussions were revealed about allowing each US lottery to offer both games. On October 13, the consortium Mega Millions and MUSL reached an agreement in principle to sell Mega Millions and Powerball crosses. In November, MUSL signed an agreement to start streaming images of Powerball online.
On January 31, 2010, the date of cross-selling expansion, Mega Millions, and MUSL each lottery was added; eight Powerball members added Mega Millions in May. Lottery Montana joins Mega Millions on March 1st. Nebraska added Mega Millions on March 20; Oregon followed on 28 March; Arizona joined the Mega Millions on April 18; Maine added Mega Millions on May 9; Colorado and South Dakota join the Mega Millions on May 16. The US Virgin Islands joined Mega Millions in October 2010.
Prior to the agreement, the only place selling tickets for Mega Millions and Powerballs was a retailer across the border; one of the retailers on the Sharon border, Pennsylvania/Masury, Ohio sells Mega Millions (through Ohio Lottery) and Powerball (Pennsylvania) before the deal and continues to be the only retailer selling tickets for both lotteries.
Illinois joined Powerball on the expansion date, it became the second multi-jurisdiction lottery game (after Mega Millions, who had participated in Illinois) whose images were brought nationally. Both game images are broadcast via Chicago WGN-TV cable via WGN America's national feed. WGN-TV aired the Illinois Lottery image nationwide from 1992 to 2015 after obtaining broadcast rights from Chicago-owned and operated Fox station, WFLD in 1988, which took the rights of WGN-TV in 1987. Powerball's image is broadcast on WGN-TV and WGN America on Wednesdays and Saturdays immediately after the 9:00 pm (Central Time) station news broadcast with Mega Millions images broadcast on Tue and Friday night after the news broadcast. WGN serves as the default operator of Mega Millions or Powerball where there is no local television station carrying multi-jurisdictional lottery images.
On March 13, 2010, New Jersey became the first Mega Millions-only member (just before cross-selling expansion) to produce a jackpot-winning Powerball ticket. It's worth more than $ 211 million in annuity payments; it is sold in Morris Plains. On May 28, 2010, North Carolina became the first MUSL member of the first (just before the cross-selling expansion) to generate the Mega Millions tickets that won the jackpot; The jackpot is $ 12 million (annuity).
On June 2, 2010, Ohio won the Powerball jackpot; it becomes the first lottery to sell either Mega Millions or Powerball (when 2010 starts) to provide jackpot winning tickets for its new games. The ticket was worth $ 261 million annuity; it is sold in Sunbury. Ticket Powerball jackpot second winner Ohio, sold for drawing June 23, 2010, is part of the other first; because Montana also gave the jackpot winner for the picture, it was the first time a jackpot was distributed through a lottery that sold competing games before cross-selling expansion, as Montana only sells Powerball before the expansion date.
change 2012 format
On January 15, 2012, the price of each base Powerball is doubled to $ 2, while the PowerPlay game becomes $ 3; the minimum jackpot doubled to $ 40 million. A non-jackpot game that matches five white balls won $ 1 million. The red ball decreased from 39 to 35. The image was moved from Universal Studios Orlando to Florida Lottery's studio in Tallahassee. Sam Arlen serves as host, with substitute Alexa Fuentes.
This change is done to increase the nine-point jackpot frequency; the Powerball spokesman believes the $ 500 million jackpot is feasible (a reality this year,) and that the first $ 1 billion jackpot in US history will occur in 2012 Less than three months after the Powerball change, the Mega Millions jackpot reached $ 656 million despite remaining games $ 1 per game. The random multiplier Power Play has been retired for the payment of a fixed amount of money. The $ 25 million rollover "stamp" (creates a larger prize of 5 0) has been eliminated.
California joined on April 8, 2013; he never offered the Power Play option, as all in-game California Lottery lottery payments, by law, are parimutuel. Mega Millions, which became available in California in 2005, offers Megaplier in 45 other jurisdictions.
On January 22, 2014, the Power Play variable option is returned (2x-5x) to multiply non-jackpot prizes.
In October 2014, Puerto Rico joined Powerball; primarily Spanish-speaking jurisdictions offering games; in 2016 has not joined Mega Millions.
2015 format changes
On October 4, 2015, the Powerball format changed again; the white ball pool increased from 59 to 69 while the Powerball pool decreased from 35 to 26. While this increased the chances of winning any prize to 1 in 24, it also extended the jackpot chance to 1 in 292.201.338. Prize 4 1 to $ 50,000; PowerPlay 10x becomes available in the picture with a jackpot under $ 150 million. Three months later, the format produced a $ 1.5 billion jackpot, doubling the previous record, after 20 consecutive rollovers.
Playing game
Basic game
The minimum Powerball bet is $ 2. In each game, the player selects five numbers from a set of 69 white balls and one number from 26 Red Powerballs; the red ball number can be the same as one of the white balls. The draw order of five white balls is irrelevant; all tickets show white ball numbers in ascending order. Players can not use pulled Powerball to match their two white numbers, or vice versa. Players can choose their own number, or have the terminal pseudorandomly pick a number (called "quick pick", "easy pick", etc.).
In each image, the winning number is selected using two ball machines: one containing a white ball and the other containing a red Powerballs. Five white balls taken from the first machine and the red ball from the second machine. A match that matches at least three white balls or a red Powerball victory.
Two identical machines are used for each image, randomly selected from four sets. The engine model used is Halogen, produced by Smartplay International from Edgewater Park, New Jersey. There are eight sets of balls (four of each color); one set of each color is selected randomly before the image. The ball is mixed with a turntable at the bottom of the machine that pushes the ball around the room. When the machine selects the ball, the turntable slows down to catch the ball, sends it to the shaft, and then down the rail to the screen.
Dual matrix and probability in game history:
Power Play was introduced in 2001.
? 10Ã ¢ â € "available if the jackpot is under $ 150 million.
While Mega Millions and Powerball each have the same jackpot chance despite having a different double matrix (Mega Millions is 5/75 1/15), since Powerball is $ 2 per play, it now takes $ 584,402,676 (not including Power Play side bets ) on average to generate a jackpot winning ticket.
Power Play
With an additional $ 1 per game, players can enable the Power Play option. Activate it multiply the lower level victory (main prize $ 50,000 or less) up to 5, or 10 when the jackpot is under $ 150 million. Power Play is taken apart from 6 numbers. Reward 5 0 is automatically duplicated to $ 2 million if Power Play is enabled.
The dilemma for players is whether to maximize the chances at the jackpot or increase the low-level victory. If a player chooses a fixed amount of money to spend on a ticket at a given time, the player will give one guess of the winner's set of numbers every time this player enables Power Play in respect of any of the purchased tickets.
Power Play, when started in 2001, is drawn with a special wheel. In 2006 and 2007, MUSL replaced one of 5ÃÆ'â € "spaces on Power Play wheels with 10ÃÆ'â €". During the monthly promotion, MUSL guarantees that there will be at least one picture with 10ÃÆ'â € "multipliers. Promotion back in 2008; the ball landed in room 10ÃÆ' twice twice. After the absence in 2009, the multiplier 10ÃÆ' returned back in May 2010 (after the Power Play image was changed to RNG.) The promotion was extended for the only time, because the 10ÃÆ'â € â„¢ multiplier was not withdrawn until June 12. The second prize 5ÃÆ'â € "the guarantee is continued; 10ÃÆ'â € "applies to all non-jackpot gifts, as in previous promotions.
Power Play success has led to similar multipliers in other games, especially Megaplier , available through all Mega Millions members except California. The 2012 Powerball changes result in all eight lower level levels that have a "fixed" Power Play prize.
On Jan 19, 2014, PowerPlay has been modified; it used 30 balls with the following distribution:
- 2x (15)
- 3x (9)
- 4x/5x: 3 each
On October 4, 2015, PowerPlay changes again, using 42 or 43 balls as follows:
- 2x (24)
- 3x (13)
- 4x (3)
- 5x (2)
- 10x (1)
10x is available when the jackpot is under $ 150 million.
Gifts and opportunities
Payment on October 7, 2015:
Overall the chance of winning the prize is 1 in 24.87.
Former gifts/opportunities (January 19, 2014 - October 3, 2015):
Overall winning chance is 1 in 31.85.
Ã,§ The chance of winning the 1st prize is 1: 38,32 instead of 1:26 because it is possible also to match at least one white ball .
All non-jackpot gifts are fixed amount (except in California); they may be deducted and paid on the basis of parimutuel, with each member paying a different amount for the same reward rate, if the liability exceeds the funds in the prize pool for each member of the game.
Accumulated jackpots and payment options
Jackpot winners have the option to receive their prizes in cash (in two installments, one from winning jurisdiction, then joint fund from another member) or as a graduation annuity paid in 30 annual installments. Each annuity payment is 5% higher than in the previous year to adjust inflation.
It is estimated that the advertised jackpot represents the total payment to be paid to the jackpot winner if they receive an annuity option. This estimate is based on the funds accumulated in the jackpot pool rolled from the previous image, the expected sales for the next image, and the market interest rate for the securities to be used to fund the annuity. The estimated jackpot is usually 32.5% of the revenue (non- Power Play ) of each play ($ 1) base, which is sent by the game members to collect into the prize pool to fund the jackpot. If the jackpot does not win in a particular image, the prize pool is taken to the next image, collecting until there is a jackpot winner. This prize is cash paid to the jackpot winner if they choose cash. If the winner chooses an annuity, the current market rate is used to calculate the phased payment schedule and the initial installment is paid. The remaining funds in the prize pool are invested to generate the income needed to fund the remaining installments. If there are multiple jackpot winners for the picture, the jackpot gift set is evenly split for all such games.
MUSL and its members receive all investment risks and are contractually obliged and liable to the winner to make all unscheduled payments for the winner of the annuity. If the jackpot ticket is not claimed, the funds in the prize pool will be returned to the members in proportion to the amount they contribute to the prize pool. Members have different rules governing how unclaimed funds are used.
When the Powerball jackpot is won, the next jackpot is guaranteed to be $ 40 million (annuity). If the jackpot does not win, the minimum rollover is $ 10 million. The cash in the jackpot pool is guaranteed to be the current value of the annuity. If the revenue from ticket sales falls below expectations, game members must contribute additional funds to the jackpot collection to cover their shortcomings; The most likely scenario in which this can happen is if the jackpot is won in a sequential image.
Claiming a gift
Winning tickets must be claimed in the jurisdiction of the place of purchase, regardless of where they live. The minimum age for playing Powerball is 18, except in Nebraska (19); and Arizona, Iowa, and Louisiana (21).
Generally, Powerball players should not choose cash or benefits unless they win the jackpot (usually they have 60 days to vote.) Exceptions include Florida and Missouri; The 60-hour "clock" begins with an image, so the jackpot winner who wants to take the cash option needs to immediately make a plan to claim their prize. New Jersey and Texas need a choice of cash/annuity to be made when playing ; in New Jersey, an annuity ticket can be converted into cash after winning, while in Texas, the choice is binding (when the cash option was introduced in 1997, all Powerball players had to make choices while playing.The rule was phased out 1999.) All Powerball prizes must be claimed within a period ranging from 90 days to a year, depending on where the ticket was purchased.
Powerball victories in California and Pennsylvania are subject to Federal income taxes only. There are no state income taxes in Florida, South Dakota, Texas, Washington and Wyoming, and only on interest and dividends in Tennessee and New Hampshire. The victory of tickets purchased outside the country of origin may be subject to income tax laws of both states (with possible credit under two jurisdictions.)
Secondary prizes
Unlike jackpot pools, other prizes are the responsibility and liability of each participating lottery. All revenues for the sale of unused Powerball tickets to the jackpots are maintained by each member; none of this revenue is shared with other lotteries. Members are solely responsible for the payment of secondary prizes sold there.
Since a secondary prize is set in a fixed amount (except in California), if the obligation for a certain prize level exceeds the funds in the prize pool for that level, the prize amount may be deducted and the prize pool is distributed on basic performances and the prize is lower than the fixed amount given in reward table. Because secondary gift sets are counted independently, perhaps a lower level prize will differ among game members.
Important victory
Since the number of jackpots quoted is an annuity of 30 annual payments passed, the cash value relative to the annuity fluctuates. The actual ratio depends on the projected interest rate and other factors. MUSL starts with a cash value, builds on a percentage of sales, and then counts the advertised jackpots of that value, based on the average cost of the three best securities deals.
On August 23, 2017, owners of Powerball tickets sold in Chicopee, Massachusetts won more than $ 750 million, one of the greatest prizes in drawing history.
On January 13, 2016, the largest lottery jackpot in the world, an annuity of about $ 1.586 billion, is shared among three Powerball tickets at Chino Hills, California, Melbourne Beach, Florida and Munford, Tennessee, for $ 528.8 million each. Since there are no income taxes in Florida or Tennessee (and California does not attract lottery winnings), the cash option after the Federal withholding is $ 187.2 million each.
On May 18, 2013, the largest single-ticket jackpot in the world, an annuity of about $ 590.5 million ($ 620 million today), was won by a Powerball ticket sold in Zephyrhills, Florida. On June 5, Florida Lottery officials announced the winner: Gloria C. MacKenzie, 84, who bought a quick pick ticket at a Publix supermarket. MacKenzie chose a cash option of approximately $ 370.8 million, before the Federal cuts; Florida has no state income tax.
Another winner of more than $ 250 million: On December 25, 2002, Jack Whittaker, president of a construction company in Putnam County, West Virginia, won $ 314.9 million ($ 428 million today), then a new record for a ticket in the draw America. Whittaker opted for a $ 170 million cash option, receiving about $ 83 million after the cuts of West Virginia and Federal.
On October 19, 2005, the Western family of Jacksonville, Oregon won $ 340 million ($ 426 million today). The Wests chose a cash payment of $ 164.4 million (before deduction), less than Whittaker's cash payment in 2002 due to recent changes in the annuity structure.
Jackpot of $ 365 million ($ 443 million today) was won on February 18, 2006 by a single ticket in Nebraska. It was shared by eight people working in a meat packing factory. The group chose a cash option of approximately $ 177.3 million, prior to withholding.
On August 25, 2007, a $ 314 million ($ 371 million today) jackpot was won by retired automotive workers from Ohio; the ticket was purchased in Richmond, Indiana, a community that previously sold a jackpot winning ticket worth more than $ 200 million.
In November 2011, three Greenwich, Connecticut, financial executives shared a $ 254.2 million ($ 277 million today) jackpot, the biggest prize on tickets purchased in Connecticut. Choosing the cash option, the man split nearly $ 104 million after deductions. Jackpot, at the time, was the 12th largest in Powerball history.
The Powerball drew on March 30, 2005, producing 110 second prize winners. The total payout for these winners is $ 19.4 million, with 89 winners receiving $ 100,000 each, while 21 other winners receive $ 500,000 each because they are a Power Play option.
MUSL officials initially suspected fraud or mis-reporting. However, all 110 winners have played the number of fortune cookies made by Wonton Food Inc. from Long Island City, New York. The factory has scored "22, 28, 32, 33, 39, 40" on thousands of wealth. "40" in wealth does not match the number of Powerball, 42. None of the Wonton Food employees plays the numbers; at that time, the closest game member was Connecticut. Since the ticket holder has been victorious by chance and not a dirty game, the payment is made.
Had the fortune cookie given 42 as Powerball's number, this winner would share a $ 25 million jackpot: $ 227,272 each allowance or $ 122,727 cash (before deduction). The fate of the cake reads: "All the preparations you make will eventually pay off."
Computers and slot machines
In 2006, WMS Gaming released various slot machines under the Powerball brand name. In 2007, Oregon Lottery released a Windows Sidebar gadget that featured the winning numbers for Powerball in real-time. This gadget also provides great jackpot announcements.
The New York Lottery introduced the Powerball scratch card in 2010. Five winning numbers plus powerballs are printed on the top of the card, with 12 chances to match. Matches the winning number or powerball wins. The main prize is $ 1 million (annuity); unlike the actual Powerball, there is no choice of cash for the grand prize.
See also
- Mega Millions
- Multi-Country Lottery Association (MUSL)
- Lottery jackpot record
References
External links
- Official website
Source of the article : Wikipedia
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