Powerball is a lottery game played in 45 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
The odds of winning the Powerball jackpot are extremely steep. The odds for winning the jackpot (5 numbers + Powerball) are 1 in 292,201,338. For the second prize.
A single Powerball ticket costs $2. Players can also add a "Power Play" option for an additional $1, which can multiply non-Powerball.
Non-Powerball prizes are fixed amounts ranging from $4 to $1 million, which can be multiplied with the Power Play option.
Winnings are subject to federal and state taxes, which significantly reduce the take-home amount. Federal taxes can claim.
Buying more tickets increases your chances slightly, but the overall odds remain low. Forming a lottery pool can increase buying power by pooling money.
Set a budget for how much you can afford to lose and stick to it. Recognize that Powerball is a form of entertainment with a very low chance of a big win.