The Mississippi Powerball is a multi-state lottery game held in 45 states, the District of Columbia, and the U. S. Virgin Islands. The cost of a ticket is $2 per play and the Powerball jackpot starts at $40 million and grows until someone wins! Players also have a chance to win other cash prizes ranging from $4 up to $2 million by matching fewer numbers.
You can also add Power Play for an additional $1, which multiplies your non-jackpot winnings by up to 10 times. Powerball drawings are held twice a week on Wednesdays and Saturdays at 10:59 p. m. Central Time.
To win the jackpot, players must match all five white balls in any order and the red Powerball. Good luck!.
How much is just the Powerball worth?
The amount of the Powerball jackpot is determined by ticket sales and interest rates and fluctuates from draw to draw. As of March 2021, the estimated Powerball jackpot is worth around $220 million. This is the cash value option, which is half of the advertised jackpot.
The full advertised jackpot is always double the cash value. Depending on the state, taxes may be withheld from the jackpot amount. For example, the maximum Federal Tax rate on lottery winnings is 37%, and in the state of California, the maximum tax rate is 40%.
Does Mississippi have Powerball and Mega Millions?
Yes, Mississippi participates in both Powerball and Mega Millions lottery games. Powerball is administered by the Multi-State Lottery Association, a non-profit organization formed by an agreement with lotteries in the United States.
Players in Mississippi pick five white numbers from 1-69, plus one red Powerball from 1-26. Match all six to win the jackpot. The minimum jackpot starts at $40 million.
Mega Millions is also administered by the Multi-State Lottery Association, and Mississippi players select five numbers from 1-70 plus 1 Mega Number from 1-25. The Mega Millions jackpot starts at $40 million and can get as high as $900 million.
The drawing occurs on Tuesdays and Fridays at 10pm EST.
Who won the Powerball last?
The most recent Powerball drawing was on Saturday, January 9th. The winning numbers were 16, 20, 37, 44, 62, plus the Powerball number 12. The estimated jackpot for that drawing was $264 million, and there was one winner from New Jersey.
That winner has yet to claim the prize, although their identity will be made public when they do.
Do you win anything if you get the Powerball number only?
No, if you only match the Powerball number you will not win any money. The grand prize is only awarded to players who correctly match all five regular numbers plus the Powerball number – up to a maximum nine-figure jackpot.
You must match the five numbers on the same line of your ticket to be eligible for any prize, and depending on the prize you could win anything from a few dollars to the multimillion-dollar jackpot. Even matching the Powerball number only will not win you a prize, though it could act as a partial multiplier which amplifies the prize won by matching the five regular numbers.
Do you win with 2 numbers on Powerball?
No, you do not win with just 2 numbers on Powerball. Powerball is a game where you must match all 6 numbers, including the Powerball number. The first 5 numbers are drawn from a set of 69 white balls, and the Powerball number is drawn from a pool of 26 red balls.
In order to win the jackpot, you must match all 6 numbers, in any order. There are also prizes available for matching fewer numbers, but those prizes are fixed amounts and generally much lower than the jackpot.
Will 2 numbers win anything in Powerball?
No, 2 numbers will not win anything in Powerball. Powerball is a lottery game that requires players to choose 5 white-ball numbers (1-69) and a single red Powerball number (1-26). To win the Jackpot, you must match all 5 white-ball numbers and the Powerball number.
Matching just two numbers, regardless of whether they are white-ball numbers or the Powerball number, will not win anything. There are other lower-tier prizes available if you match 2 or more numbers, but matching only 2 numbers will not win the Jackpot or any other top-tier prizes.
How many Powerball numbers do you need to win anything?
In order to win a Powerball prize, you must match a minimum of two numbers. If you match all five main numbers plus the Powerball, then you win the jackpot.
The Powerball is made up of five white balls that range from 1 to 69 and one red powerball that can be any number from 1 to 26. To win any Powerball prize, you must pick at least two numbers correctly.
The prizes available depend on the numbers matched. Matching two numbers correctly will get you a Power Play prize of $4, while matching four and the Powerball will get you a $50,000 prize. If you happen to match all five numbers without the Powerball then you will win $1 million and, of course, if you match all five numbers and the Powerball, you’ll be taking home the jackpot.
How do Powerball payouts work?
Powerball payouts are determined by the amount of the jackpot and the number of winners. If there is only one winner, they receive 100% of the jackpot. However, if there are multiple winners, the total prize amount is divided equally among them.
The rest of the prize money is split between the other prize tiers, based on the number of winners per tier. For example, if 3 people won the second-prize tier and there were no winners in the third-prize tier, the second-prize money would get split among the 3 winners.
The minimum jackpot is $20 million but the amount increases by a minimum of $2 million if there is no winner in the drawing. The maximum jackpot amount is $2 billion.
The odds of winning the Powerball jackpot are quite low, 1 in 292,201,337. The overall odds of winning a prize are 1 in 24.87.
When you purchase a Powerball ticket, you can choose to play either the “Cash Option” or the “Annuity Option. ” The Cash Option awards the entire prize at once whereas the Annuity Option pays out the prize in installments over 29 years.
The Cash Option is available in all states except California.
If you win the Powerball, the amount you actually get to keep may be less than the advertised jackpot amount due to taxes. The amount of taxes you need to pay depends on the state and fluctuates according to the income tax bracket in which you fall.
How many numbers do I need to win a prize in Powerball?
In order to win a prize in Powerball, you must purchase a ticket and match five out of the 69 white balls drawn, as well as match the red Powerball number. This must be done in a single ticket transaction.
All of the winning numbers must be correct in order to win the jackpot. If you match all six numbers, you will win the jackpot. If you match five numbers, but not the Powerball number, you will still win a win a prize.
If you only match the Powerball number, you will win the smallest prize, which is still a nice surprise. The prize money varies based on the number of people who purchase tickets and the number of winners.
The more people who purchase tickets, the more the jackpot will be worth, so it is worth it to play in order to increase your chances of winning.