As of my last update in January 2022, the Powerball lottery prize structure varies based on the number of matches you have. The jackpot amount itself can fluctuate greatly depending on rollovers and ticket sales.
Typically, the jackpot starts at $20 million and increases each time it is not won. If there are multiple jackpot winners, the prize is divided equally among them.
Here’s a breakdown of the Powerball prize tiers:
Jackpot: Matching all five white balls in any order plus the red Powerball.
Second Prize: Matching all five white balls in any order, but not the red Powerball.
Third Prize: Matching four white balls plus the red Powerball.
Fourth Prize: Matching four white balls, but not the red Powerball.
Fifth Prize: Matching three white balls plus the red Powerball.
Sixth Prize: Matching three white balls, but not the red Powerball.
Seventh Prize: Matching two white balls plus the red Powerball.
Eighth Prize: Matching one white ball plus the red Powerball.
Ninth Prize: Matching only the red Powerball.
The prize amounts for each tier (except the jackpot) are fixed amounts, while the jackpot is the only variable prize, starting at $20 million and increasing with each drawing where there is no jackpot winner.
It’s important to note that taxes are typically withheld from lottery winnings at the federal and state levels in the United States, which can significantly reduce the actual amount received by the winner.
Additionally, prize amounts may vary slightly from one drawing to another due to factors such as ticket sales and the number of winners in each prize tier. For the most accurate and up-to-date information on Powerball prizes, it’s best to check the official Powerball website or contact your state lottery.
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