Current rules of the game. For, to play Powerball American lottery.
Currently, lottery players for, to play Powerball lottery you must select a number 5 from the set 69 main numbers. (Also called white balls)
Besides, lottery players need to pick one extra Powerball number from the pot of numbers 26. (Also called Red Balls)
Besides, for an additional Powerball fee, players can purchase a special parameter “PowerPlay” (factor). To learn more about the Powerplay feature click here. In a walnut shell Powerplay function allows you to increase your winnings all 2, 3, 4, 5 or 10. (Except for the main prize)
To win the grand prize, the player must choose all numbers correctly 5 plus Powerball number.
Nevertheless, there are other secondary prizes available to select the correct combination of any others, presented in the table below:
| division prize | match range | Payout for each winner. (without multiplier) |
| 1 jackpot | 5 numbers + Powerball | Grand Prize |
| prize 2 | numbers 5 | $ 1.000.000 |
| prize 3 | 4 numbers + Powerball | $ 50.000 |
| prize 4 | numbers 4 | $ 100 |
| prize 5 | 3 numbers + Powerball | $ 100 |
| prize 6 | numbers 3 | $ 7 |
| prize 7 | 2 numbers + Powerball | $ 7 |
| prize 8 | 1 number + Powerball | $ 4 |
| prize 9 | Powerball number only | $ 4 |
Currently:
Overall, the odds of winning a US Powerball prize are 1 at 24.87 There are a total of nine prize tiers.
Detailed odds of winning the USA Powerball are presented in the table below:
| division prize | match range | chances of USA lottery win Powerball |
| 1 jackpot | 5 numbers + Powerball | 1:292,201,338 |
| prize 2 | numbers 5 | 1:11,688,053 |
| prize 3 | 4 numbers + Powerball | 1:913,129 |
| prize 4 | numbers 4 | 1:36,525 |
| prize 5 | 3 numbers + Powerball | 1:14,494 |
| prize 6 | numbers 3 | 1:579 |
| prize 7 | 2 numbers + Powerball | 1:701 |
| prize 8 | 1 number + Powerball | 1:92 |
| prize 9 | Powerball number only | 1:38 |
The rules for playing the American Powerball lottery are not always the same. Powerball lottery rules change from time to time.
Previously there were different rules, to play Powerball American lottery. More recently, new changes to Powerball games have been introduced, namely in October 2015.
Everytime, when the rules of the game change, it affects the chances of winning Powerball prizes.
Let's take a look at the history of the change. Plus let's analyze the impact on the odds of winning the Powerball lottery.
Is there a tax on winnings?
Yes, exist. The tax system simply cannot easily miss such a tidbit., as the prize received becomes income for the lottery participant. The country's legislation has come up with a fairly simple scheme for taxing profits with winnings. Namely: when, if luck smiles and the ticket wins, at the expense of the state treasury should be paid 13% of the received amount.
Sure, few people want to share their prize, obtained in such an uncomplicated way, and especially, if the winning amount is small, but spent on buying tickets significantly. And yet, the standard income tax is worth paying for any winner of this game..
Lottery winnings tax
If lottery participants receive movable and immovable property as a prize, they should also pay standard tax. In these cases, according to the law, the lottery organizers inform the winner in writing of the value of the won property.. At the same time, acting in accordance with the legislation of the country, the person must fill out the tax return himself, and also independently calculate and deposit the amount to the appropriate institution of the district. Don't forget, that this must be done no later than 30 April of the year, next year win.
AT 2018 year, there were minor changes in the payment of tax on winnings. Interest rate remains unchanged, but the way of payment will change. Now if the winning amount exceeds 15 т.р. then the winner will receive a "clean" win from the organizers – the sum, reduced by the amount of tax. And in this case, you will no longer have to file a tax return. If the size of the win is less than 15 т.р. then for you everything remains the same. You are given the whole winnings, and you are obliged to fill out the tax return yourself and pay the tax due.
