Powerball Lottery Tips

Power Ball is a lottery game in which a player has an option of choosing an additional number so that the player gets a chance to win an additional prize. You basically need to choose five to seven numbers and an additional number besides them. The additional number chosen by you is known as the Power number or a Bonus number.

The Power Ball is not held on a daily basis. Instead this lottery game is drawn twice a week on wednesdays and saturdays. The Multi-State Lottery Association (MUSL) co-ordinates this lottery game and it is played in approximately 30 states right now. Earlier the Power Ball was known as Lotto America. Although many lottery games now use two drums nowadays, the Power Ball was the first lottery game to use the two drums.

You normally need to pay $1 for a ticket of Power Ball. When you do this, you are given an opportunity to pick up five numbers which range from one to fifty-nine. Besides this you also get to choose a single number which can range from one to thirty-nine. If you pay an additional dollar, you also get an additional chance to use the Powerplay feature which uses a random multiplier for all the prizes excluding the jackpot. Thus your PowerPlay number will allow you to swell the non-jackpot rewards by two to five times the amount. You also get chance once a year to use the multiplier to swell your non-jackpot prizes to ten times the amount.

In case you win the jackpot amount, you have the choice of claiming your prize money as a single amount or even getting it as an annuity prize. The lowest jackpot prize amount which can be claimed by a winner is $20 million. This amount is divided into 30 payments which are given to the winner during a period of 29 years.

The best thing about the Power ball is that in case no one manages to win the jackpot amount, then the jackpot amount gets enlarged with a minimum amount of $5 million. You should always confirm the time period which is given to a winner for claiming the prize as it differs from one state to another. This will help you to avoid any kind of confusion or disappointment later.

If luck is on your side, you can win a very high amount as the jackpot if there has been a large number of rollover in the previous attempts. You will be pleasantly surprised to know that some jackpot amounts have reached a total of over $350 million. You also need to check and see if you have to pay any kind of income tax when you win a prize amount in Power Ball lottery game. This would once again depend on the sate you are residing in the US. Once you have cleared all your doubts about Power Ball, you can start playing it and check out your luck and have lots of fun too.