Powerball is a cash Jackpot game with draws held every Wednesday and Saturday night at 10.59 pm EST. Powerball tickets cost a mere $2 plus an additional $1 for powerplay. Though the lottery is very simple many people are not aware of how it works. Most new players tend to buy tickets just to try their luck out or wish to know what the buzz is all about. Powerball is one of the most popular forms of lottery in America with the weekly draw turning into a national event of sorts. Many first time winners were novice players who had to confirm with family and friends whether they have actually won.
For those who are new to Powerball we suggest you first buy a ticket as it does not cost much at all however the payouts are huge. With the jackpot amounting to millions of dollars. On November 28th 2012 a record Powerball of 587 million was won which was split between two tickets.
The draw includes four different machines made up of two drums each. Two machines are randomly picked and tested. The draws are tested four times to ensure everything is working well. The actual draw is not announced until it has been audited by an accounting firm to ensure fair play. One of the drums in the machine contains 59 white balls and the other has 35 red powerballs. The winning number is made up of five white numbers from the first machine and a single red Powerball from the other drum.
As a player you need to pick five white numbers and a single red number. You can also choose to use quick pick or easy pick where the terminal will randomly pick the numbers for your lottery ticket. Once you have your tickets you need to tune in to watch the telecast of the drawing and need to match the five white numbers and the single red number. The order of the numbers does not matter, if you match the five white numbers and the single red number in any order you will be rich to say the least.
However that is not the only way to win with a lottery. Besides the jackpot there are number of other prizes each lower in cash payout than the other. For instance
· If you match the five white numbers with the numbers on your ticket you win $1,000,000
· If you match any four white number and the red number you win $10,000
· Four white numbers matched or three white and the red number will win you $100
· Three white numbers or two white and the red number matched will win you $7
· One white number and one red number or the red Powerball number matched will win you $4.
Once you win you have the option to cash out the amount or annuitized prize paid over 29 years through 30 payments.