Powerball Prizes

The Powerball jackpot starts at $40 million and rises quickly with rollovers, often hitting nine or even ten figures. There is no rollover limit or jackpot cap, allowing Powerball to offer some of the largest top prizes in the world and even go past the $1 billion barrier!

The grand prize can be paid in 30 instalments over 29 years, unless a winner chooses to take a lump sum option, which is smaller as it contains only the money raised from ticket sales during that game and any preceding rollovers. Powerball prizes over $5,000 are liable for federal taxes, and many states will take additional withholdings from the total amount of the prize.

Powerball Odds of Winning

You can win a prize on Powerball by matching anything from the Powerball upwards. In order to hit the jackpot, you must match all five main numbers from 1 to 69 and a Powerball from 1 to 26. Your overall chances of winning any Powerball prize are 1 in 24.87.

Match Odds of Winning Prize
Match 5 plus Powerball 1 in 292,201,338.00 Jackpot
Match 5 1 in 11,688,053.52 $1 million
Match 4 plus Powerball 1 in 913,129.18 $50,000
Match 4 1 in 36,525.16 $100.00
Match 3 plus Powerball 1 in 14,494.11 $100.00
Match 3 1 in 579.76 $7.00
Match 2 plus Powerball 1 in 701.32 $7.00
Match 1 plus Powerball 1 in 91.97 $4.00
Match Powerball 1 in 38.32 $4.00

Power Play

For an extra $1, you can add the Power Play option, which will increase the Match 5 prize to $2 million if you match the Power Play number drawn, with every tier underneath being multiplied by the number on the Power Play ball. For example, a Power Play number of 4 would see a Match 4 + Powerball prize grow from $50,000 to $200,000!

In October 2015, the Power Play game was changed to include a 10x multiplier for when the jackpot was worth $150 million or less.

Here are the odds on each Power Play ball being drawn when a 10x multiplier is offered:

Power Play Ball Odds
10x 1 in 43
5x 1 in 21.5
4x 1 in 14.33
3x 1 in 3.23
2x 1 in 1.79

Here are the odds on each Power Play ball being drawn when the jackpot exceeds $150 million:

Power Play Ball Odds
5x 1 in 21
4x 1 in 14
3x 1 in 3.23
2x 1 in 1.75

Top Powerball Jackpots

A new Powerball record was set on 13th January 2016 when the jackpot reached $1.58 billion. Three players, one from California, one from Florida and one from Tennessee, split the prize to each win $528.8 million. Previously, the high mark had been set by Gloria MacKenzie of Zephyrhills, who was the sole winner of a $590.5 million jackpot in the drawing on 18th May 2013.

Progression of Powerball Jackpot

Since launching in 1992, Powerball has undergone many changes to make the game more exciting and drive up jackpots. The top prize has always been able to reach staggeringly high amounts, however, and as early as July 1993 Leslie Robbins and Colleen DeVries of Fond du Lac shared a jackpot of $111.2 million. The jackpot then progressed as follows: