How does Powerball pay out?
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Q:

How does Powerball pay out?

A:

Quick Answer

As of 2014, the multi-state Powerball lottery pays winners of tickets below $600 in cash at any Powerball retail outlet in the same state where the ticket was purchased if the outlet has enough cash on hand, according to the Multi-State Lottery Association. Winners of higher amounts are paid by check at state lottery headquarters.

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Full Answer

Winners of jackpots have the option of claiming a lump sum prize about two weeks after the Powerball prize has been drawn; they can also claim the first of 30 annuity payments immediately. These prizes must be claimed at the state lottery headquarters. The prize is given in check form with a portion of state and federal taxes withheld just as they would be with a paycheck. For second and all subsequent annuity payments, prize checks can be picked up, mailed or direct-deposited according to the winner's preference.

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Related Questions

  • Q:

    What do you win if you have the Powerball number?

    A:

    As of 2015, the prize for matching the red Powerball alone is $4, while the prize for matching the Powerball with additional white balls depends on the number of white balls matched. Those who match all five white balls and the Powerball win the grand prize, while those who match four white balls plus the Powerball win $10,000. The prizes are $100 for three white balls plus the Powerball, $7 for two white balls and the Powerball and $4 for one white ball plus the Powerball.

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  • Q:

    How many Powerball combinations are there?

    A:

    There are 175,223,510 combinations of Powerball numbers. Five numbers are drawn from a pool of 59 white balls, and the final Powerball is drawn from a separate pool of 35 red balls.

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  • Q:

    How many possible combinations exist for Powerball?

    A:

    There are 175,223,510 different possible combinations for the Powerball lottery game. Powerball is played by drawing five white balls numbered 1 to 59 from a drum and one red ball numbered 1 to 35 from a separate drum. The jackpot is won by matching all five white balls in any order and the one red ball. Other prizes are available for matching less than five balls.

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    Where can you find last night's Powerball numbers?

    A:

    The most reliable place to check the winning numbers for previous Powerball drawings is the official Powerball website. Potential winners can also check their state's official lottery website because states that participate in multi-state lotteries such as Powerball usually publish the winning number online.

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