US PowerBall Lottery
Powerball lottery is an American lottery game sold through lotteries as a shared jackpot pool game. It is coordinated by the Multi - State Lottery Association, a non-profit association formed by an agreement with member lotteries. Powerball is a jackpot game whose advertised grand prize starts at $20 million and can roll over into hundreds of millions over many drawings. The advertised jackpot prize is paid as an annuity over 29 years or players may elect to receive the present value, paid in cash. Powerball drawings are held every Wednesday and Saturday at 10:59 p.m. Eastern time. Powerball currently uses a 5/59 (white balls) + 1/39 (the Powerball) matrix to select its winning numbers. Each ticket costs players $1 for the base game; for an extra $1, they can multiply a non-jackpot prize by up to 5 with the PowerPlay multiplier. The official cut - off time for ticket sales is one hour before the drawing, although some jurisdictions cut off sales earlier that that. The drawings are regularly held at Universal Studios in Orlando, Florida. Occasionally, drawings are held at remote locations, sometimes to promote the game's expansion to new locations. The results of drawings are not official until they are audited by the accounting firm LWBJ, LLP.
Powerball currently holds the record for the largest single prize awarded by an American lottery, set on February 18, 2006 when a single ticket won the advertised $365 million jackpot. The eight people sharing the ticket elected to take the cash option, and split $177 270 519.67 before taxes.