Powerball

Powerball is an American lottery, which was created in 1987 by the establishment of the Multi- State Lottery Association ( MUSL ) to life. The Multi- State Lottery Association ( MUSL ) is a non-profit organization that was formed by the various American lotteries. The MUSL coordinates the Powerball lottery for the participating states in the United States. Meanwhile, 45 lotteries of the individual American states are involved and together provide one of the biggest jackpots worldwide. The minimum jackpot is $ 40 million. As is common in the U.S., there is the option to gain more to get past each other in time after payment.

History of Powerball

The first real Powerball draw took place on 22 April 1992. At this time, the minimum jackpot was at $ 2 million. From the 5th November 1997, the minimum jackpot amount changed and was from then on at 10 million dollars. In 2005, on August 31, the starting amount of the jackpot was changed again and was from then on, at $ 15 million. Four years later, as of January 7, 2009 started jackpot from $ 20 million. The last change of the jackpot amount was held on 8 January 2012. Since that day catch jackpots from 40 million. This is valid even to this day.

Game play Powerball

Jackpots start at Powerball at $ 40 million. If the jackpot is not won, the jackpot the next draw increased by 10 million. If there is more than one winner with the winning numbers, then the profit is shared fairly. The gameplay in Powerball is as follows: It must 5 numbers out of 59 are selected and 1 number from 35 in the case of winning, there are two options: One -time payment or payment in installments. In the event of a win, the player must decide within 60 days for one of the two options. The prize is a one-time payment less than the rates of payment, for the complete sum is paid out immediately. The installment divided the winnings in 30 installments, which are paid annually. The taxes that must be paid to win the lottery depend on where the winner is domiciled. There must be two types in taxes: a national and a federal tax. The height of the second control of the respective state in which the winner is residing varied. In addition, distinction is made between U.S. Bügern and non-US citizens. He who has no citizenship, must pay tends to be more taxes. American citizens pay 25% and foreign citizens 30 % of national tax on a lottery win. The winner must therefore decide whether the profit rates in the total net of state and national tax to be paid as a " lump sum" paid out over several years or more. Powerball drawings are held on Wednesdays and Saturdays at 10:59 ( eastern time ). Every tip is $ 2 or with the Power Play option $ 3 This option is available since the year 2001.

The overall probability of winning at Powerball is one to around 175.2 million.

Win Powerball

The smallest jackpot in Powerball is $ 40 million and the highest is $ 590 million.

The top jackpot in Powerball:

Previous winners

On 18 May 2013, the largest jackpot was won in the history of Powerball. A single lottery ticket won the approximately $ 590.5 million in the jackpot. The winner was Gloria C. MacKenzie. The 84 -year-old had bought a Quick Tip lottery ticket in a Publix Supermarket in Zephyrhills, Florida. The winner of Florida opted for the lump sum payment and got paid $ 370.8 million in state tax deductions. On August 7, 2013, the largest number of players winning a jackpot. The syndicate named Ocean's 16, the gaming community, which consists of 16 members, won a share of the $ 448 million jackpot. As a cash option still remained U.S. left $ 258 million. There were a total of 3 winners tickets, the winning amount for the ticket of the syndicate to U.S. $ 86,054,355 income before deduction of taxes. State taxes are at 25 %, which are in the prize money U.S. $ 27,513,589. Furthermore additionally be charged 3% Taxes in the State of New Jersey, which in this case are U.S. $ 2,581,631 and the payment after deduction of all taxes and other deductions for each member of the syndicate to a sum of $ 3,872,445.94 amount leaves.