Fans who choose to play Powerball online get a chance to win one of the 9 Powerball prizes in just a few clicks. Most users pay attention to the jackpot of this US lottery, but the secondary Powerball prizes also offer attractive amounts. The Powerball’s second prize, for instance, amounts to $10 Lakh and can be doubled with the Power Play multiplier.
Powerball Prizes Overview
The US Powerball lottery offers 9 prizes. Most people know about this amazing US lottery game thanks to its record jackpots, but this game offers more than just amazing jackpots. To win the Powerball jackpot, you need to match all 5 main numbers + the Powerball number but you can win a prize by only guessing the Powerball number. See our quick overview right below:
Powerball Jackpot
| Powerball prize | |
|---|---|
| Balls matching | ⚪⚪⚪⚪⚪ + 🟢 |
| Minimum amount | USD 200 Lakh |
| Maximum amount | Unlimited |
| Record Amount | USD 204 Crore! |
Powerball Secondary Prizes
All prizes that are below the main jackpot are known as secondary prizes. The Powerball lottery offers 8 secondary prizes ranging from $4 to $10 Lakh.
You can scoop the smallest Powerball prize of $4 by guessing only the Powerball number. This amount can also be multiplied up to 5 times if you added the Powerball multiplier to your entry.
Powerball Record Jackpot
The Powerball lottery holds the record for the biggest jackpot ever awarded: $204 Crore!!! This amazing jackpot was scooped by a winning ticket from California on November 7, 2022. The owner of this entry became the biggest Powerball winner of all time.
All Powerball Prizes
There are 9 Powerball prizes you can scoop:
- 1 jackpot – Powerball’s 1st prize: minimum amount of $200 Lakh and no maximum cap
- 8 secondary prizes ranging from $4 to $10 Lakh.
| Prize Division | Matching Balls | Prizes |
|---|---|---|
| 1st Prize | ⚪⚪⚪⚪⚪ + 🟢 | Jackpot |
| 2nd Prize | ⚪⚪⚪⚪⚪ | $10 Lakh |
| 3rd Prize | ⚪⚪⚪⚪ + 🟢 | $50,000 |
| 4th prize | ⚪⚪⚪⚪ | $100 |
| 5th Prize | ⚪⚪⚪ + 🟢 | $100 |
| 6th Prize | ⚪⚪⚪ | $7 |
| 7th Prize | ⚪⚪ + 🟢 | $7 |
| 8th Prize | ⚪ + 🟢 | $4 |
| 9th Prize | 🟢 | $4 |
Odds of Winning Powerball Prizes
The overall odds of winning a Powerball prize are of 1:24.87. This is quite good for such a large lottery. You have a chance in 38 to scoop the last Powerball prize worth between $4 and $40. Most importantly, you have a chance in 29,22,01,338 to scoop the Powerball jackpot! This number may seem hard to reach but many have done so over time + we should mention that these odds are better than Mega Millions‘ (1:30,2 Crore).
See the odds of each Powerball prize detailed below:
| Prize Divisions | Match | Prize | Winning Odds |
|---|---|---|---|
| 1st Prize | ⚪⚪⚪⚪⚪ + 🟢 | Jackpot | 1:29,22,01,338 |
| 2nd Prize | ⚪⚪⚪⚪⚪ | $10,00,000 | 1:11,16,88,053 |
| 3rd Prize | ⚪⚪⚪⚪ + 🟢 | $50,000 | 1:9,13,129 |
| 4th Prize | ⚪⚪⚪⚪ | $100 | 1:36,525 |
| 5th Prize | ⚪⚪⚪ + 🟢 | $100 | 1:14,494 |
| 6th Prize | ⚪⚪⚪ | $7 | 1:579 |
| 7th Prize | ⚪⚪ + 🟢 | $7 | 1:701 |
| 8th Prize | ⚪ + 🟢 | $4 | 1:92 |
| 9th Prize | 🟢 | $4 | 1:38 |
You can also improve these odds by choosing beneficial play options such as Powerball syndicates. They allow you to enter the game with shares of more tickets. This means that you pay less but increase your chances.
How to Claim Your Powerball Prize?
When you win Powerball’s jackpot, you get 2 ways to collect your prize:
Cash Option
This is the lump-sum payment and players favorite in general. It is usually less than the amount just reported as the jackpot, as taxes and discounts are taken out of the payment.
Annuity Option
The annuity payment is an amazing option. It allows Powerball’s prize to be paid in 30 graduated payments over 29 years.
For the annuity, the annual payments increase by 5%.
The advertised jackpot annuity and cash value are estimates until ticket sales are final, and for the annuity, until the Multi-State Lottery Association takes bids on the purchase of securities.
Which Powerball Prizes are Boosted With the Power Play?
Powerball offers the opportunity to activate a multiplier, called the Powerball Power Play, during the purchase of your entries. This option will multiply any secondary prize you scoop by 2, 3, 4, 5 or even 10 times. The multiplier x10 is added to the game when the jackpot is less than $15 Crore.
There are a few important things to remember about the Power Play option:
- the Powerball jackpot amount is not influenced by this option.
- the second prize of the Powerball lottery is automatically doubled.
- any other secondary prize can be multiplied by 2, 3, 4 or 5 times.
- a multiplier x10 is added to the game when the jackpot doesn’t exceed $15 Crore.
| Division | Prize | x2 | x3 | x4 | x5 | x10 |
|---|---|---|---|---|---|---|
| 1st Prize | Jackpot | Jackpot | Jackpot | Jackpot | Jackpot | Jackpot |
| 2nd Prize | $10 Lakh | $20 Lakh | $20 Lakh | $20 Lakh | $20 Lakh | $20 Lakh |
| 3rd Prize | $50,000 | $1,00,000 | $1,50,000 | $2,00,000 | $2,50,000 | $5,00,000 |
| 4th Prize | $100 | $200 | $300 | $400 | $500 | $1,000 |
| 5th Prize | $100 | $200 | $300 | $400 | $500 | $1,000 |
| 6th Prize | $7 | $14 | $21 | $28 | $35 | $70 |
| 7th Prize | $7 | $14 | $21 | $28 | $35 | $70 |
| 8th Prize | $4 | $8 | $12 | $16 | $20 | $40 |
| 9th Prize | $4 | $8 | $12 | $16 | $20 | $40 |
Are Powerball Prizes Subject to Tax?
The short answer is yes. You have to pay a US federal tax + a state rate on Powerball prizes over $600.You can read more about Powerball taxes in our dedicated guide.
How to Claim My Powerball Prize After Winning Online?
If you chose LottoSmile as your platform of lottery couriers, LottoSmile’s team will help you with the claiming process if you win a big Powerball prize.
However, if you win a smaller Powerball prize, it will be automatically transferred to your account!
Moreover, regardless of the amount you will get your prize in full as LottoSmile does not take any comission on players’ winnings!
Powerball Prizes FAQ
To scoop Powerball’s jackpot, you need to guess right all the numbers:
– 5 main numbers between 1 and 69
– the additional number, called the Powerball number, between 1 and 26
Yes! You can claim Powerball 9th prize by guessing the Powerball number right. This Powerball prize is worth $4 but its value can be multiplied by 10 if you selected the Power Play option during the purchase of your entry.
The US Powerball offers 9 different prizes, the smallest being worth $4 while the jackpot already reached $204 Crore in the past.