Once one or multiple winners have hit the grand prize, the Powerball resets to the minimum jackpot. Annuity Cash; Powerball Jackpot for Sat, Feb 13, 2021 $56,000,000 $41,300,000; Gross Prize 30 average annual payments of $1,866,667: Cash: $41,300,000 - 24% federal tax The largest Powerball jackpot won in Iowa so far was in October 2018. Analyzing Powerball is not an easy task. Drawings are held at 9:59 p.m. CT every Wednesday and Saturday. There are eight other ways to match and win prizes up to $1 million. Each play costs $2. If all your numbers match those that are drawn, you win the jackpot, which starts at an amount set by MUSL and ⦠Instead of sticking to your local lottery no matter how high todayâs jackpot is, you can choose from a larger number of lotteries and jackpots. Drawing prizes must be claimed within 180 days of the drawing. STEP 1. The annual payments increase by 5% until the 30th and final payment. We did a research to gather the data of the Powerball jackpot, and only then we are able to provide you an audit of it. No more need for you to wait until the current Mega Millions or Powerball jackpot reaches an amount that is worth your while. How to Play Powerball. Five numbered balls are drawn from 1 to 69 and one numbered ball is drawn from 1 to 26. Powerball Payout for January 20, 2021 Drawing. What time is the Powerball drawing? View the drawings for Florida Lotto, Powerball, Jackpot Triple Play, Fantasy 5, Pick 5, Pick 4, Pick 3, and Pick 2 on the Florida Lottery's official YouTube page. Powerball jackpots roll over until there is a winner or multiple winners. Let's get started. How to Claim Watch the Drawings. Note: Draw sales end at 8:59 p.m. CT Wednesday and Saturday. That world-record $1.586 billion jackpot was won with tickets purchased in California, Florida and Tennessee. The largest jackpot to date was won in January 2016. Drawings are held Wednesdays and Saturdays at 10:59 p.m. During the drawing, six numbers are drawn: five white ball numbers and the red Powerball® number. The Powerball Product Group today announced its decision to determine Powerballâs advertised jackpot based on game sales and interest rates. 10:59 PM ET. Matching all six numbers wins the jackpot. Lerynne West of Redfield claimed a $343.9 million Powerball prize. How much is the Powerball jackpot? Whenever you choose annuity rather than cash amount in the Powerball lottery then you need a clear information about how much money you are going to get each year. Watch The Powerball jackpot as of Wednesday, January 20, 2021 is $ 731.1 Million.. For prizes other than the jackpot, the Powerball payout shall be based on a fixed prize multiplied by the Power Play number for today. Annuity option: If the annuity option is selected, the winner is guaranteed to receive 30 graduated payments over 29 years. ****Winning the Match 5 prize (all 5 white balls) still pays $2 million regardless of the multiplier number drawn. Playing is easy. ***The Arizona State Lottery official audited records of the numbers that were drawn will determine the winner rather than the numbers televised or published on the web. Powerball® is a multi-state jackpot game. All Draw game prizes must be claimed at a Florida Lottery retailer or Florida Lottery office on or before the 180th day after the winning drawing. Powerball® is a multi-state jackpot game. Using a Lottery playslip, which you can find at any Lottery retailer, pick 5 numbers between 1 and 69 and 1 Power Number between 1 and 26. Powerball drawings take place twice a week on Wednesdays and Saturdays. The 30 payments added up equal the value of the annuity. To learn how, follow the 5 simple steps. If you win a Powerball jackpot, you will choose how to be paid: Cash Option or Annual Payout.