![]() ![]() One lump sum payment will be less than the total of the 30 annual payments because with the annuity option each yearly payment is increased by 5%. Powerball's minimum advertised jackpot is $20 million (annuity) Powerball's annuity is paid in 30 graduated installments or winners may choose a lump sum payment instead. The drawings are held at the Florida Lottery's studio in Tallahassee. Eastern Time some lotteries cut off sales earlier. The official cutoff for ticket sales is 10:00 p.m. Each play costs $2 or $3 with the Power Play option (originally, Powerball plays cost $1 when Power Play began, such games were $2). Since October 7, 2015, the game has used a 5/69 (white balls) + 1/26 (Powerballs) matrix from which winning numbers are chosen, resulting in odds of 1 in 292,201,338 of winning a jackpot per play. Eastern Time, at Florida Lottery headquarters in Tallahassee. ![]() Drawings are held every Monday, Wednesday and Saturday evening at 10:59 p.m. From its inaugural drawing on April 19, 1992, until August 21, 2021, Powerball drawings were held twice a week (Wednesday and Saturday) a third weekly drawing (held Mondays) was added on August 23, 2021. ![]() It is coordinated by the Multi-State Lottery Association (MUSL). Powerball is an American lottery game offered by 45 states, the District of Columbia, Puerto Rico and the U.S. ( Learn how and when to remove this template message) JSTOR ( November 2022) ( Learn how and when to remove this template message).Unsourced material may be challenged and removed. Please help improve this article by adding citations to reliable sources. This article needs additional citations for verification. ![]()
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