Powerball lottery odds explained: From tonight’s big $640M jackpot to 8 much smaller prizes
The odds of hitting the Powerball jackpot are more than 292 million to 1. Powerball.com
Dreaming about winning Saturday’s $640 million Powerball jackpot? You might want to take a look at those lottery odds.
The overall odds of winning something after buying a $2 ticket are roughly 1 in 25 — 24.87 to be nearly exact. If you spend an extra $1 to exercise the Power Play option, you can double, triple, quadruple or on rare occasions quintuple your winnings on non-jackpot winning prizes.
If you still want to take a shot but have never played, Powerball works like this: Five white balls are drawn out of a drum containing 69 balls. Then one red ball is drawn out of a drum with 26 red balls. The red ball is also known as the Powerball. Here’s a breakdown of odds and prizes.
The Powerball – $4
The odds of your ticket matching only the red Powerball are 38.32 to 1. If you do, you win $4.
1 number plus the Powerball – still $4
Matching one number and the Powerball is more difficult than just having the Powerball (1 in 91.98) but the prize is still a measly $4.
2 numbers plus the Powerball – $7
It’s a more than 700 to 1 shot (701.33 to be exact) to purchase a ticket containing two numbers and the Powerball. The payout? Only $7.
3 numbers – still $7
If your ticket matched three of the five white balls, you still win just $7. The odds of hitting three numbers, but not the Powerball are 579.76 to 1.
Powerball prizes range from $4 to potentially hundreds of millions of dollars. Powerball.com
3 numbers plus the Powerball – $100
The good news is that the prize amount has finally reached triple figures – $100. The bad news is that the odds of buying a ticket that matches three numbers plus the Powerball are 14,494.11 to 1.
4 numbers – still $100
A ticket that matches four numbers from the white ball drawn (but not the Powerball) is tantalizing close to winning serious money, but is also worth only $100. It’s about a 1 in 36,525 shot to get even that lucky, though.
4 numbers plus the Powerball – $50,000
The prize climbs all the way to winning $50,000 if you manage to beat the roughly 913,129 to 1 odds and match four numbers plus the Powerball.
Five tickets bought in New Jersey defied those odds for Wednesday’s drawing. One ticket is worth $100,000 because the winner exercised the Power Play option
5 numbers – $1 million
The life-changing money begins at this prize level. All you have to do to win at least $1 million is match the numbers on the five white balls drawn, but not the Powerball. Good luck overcoming the 11,688,053.52 to 1 odds, though.
5 numbers plus the Powerball – jackpot
The odds of this happening? More than 292 million to 1. But Powerball still offers a better chance than Mega Millions — the chances of buying a jackpot-winning ticket for that game are more than 301 million to 1.
One jackpot-winning Powerball ticket was bought in New Jersey last year. Someone who made their lucky purchase a a Piscataway liquor store for the April 8 drawing hit the $190 million jackpot.Powerball lottery odds explained: From tonight’s big $640M jackpot to 8 much smaller prizes The odds of hitting the Powerball jackpot are more than 292 million to 1. Powerball.com Dreaming
There are nine different ways to win Powerball prizes in every draw, based on how many numbers you match. You can win $4 just for matching the Powerball, while the jackpot is won by matching all five main numbers plus the Powerball. The top prize starts at $20 million ( * During the Coronavirus pandemic, the starting jackpot may be lower than this) and increases every time it is not won.
If there are multiple winners of the jackpot, it will be shared equally between them. The eight prizes below the jackpot are fixed amounts, so for these prizes there is a guaranteed payout regardless of how many winning players there are. Go to the Powerball Numbers page to see the latest prize payouts.
The Powerball payout chart below shows how many numbers you need to match to win the different prizes and the odds of winning each. You can also see statistics about past winners in each division.
Winners Per Draw
|Winners in Last Draw|
|Match 5 + PB||Jackpot||1 in 292,201,338||0||4||0.1||1|
|Match 5||$1,000,000||1 in 1,688,054||0||89||2.5||12|
|Match 4 + PB||$50,000||1 in 913,129||1||827||23.6||104|
|Match 4||$100||1 in 36,525||136||20,544||710.8||2,360|
|Match 3 + PB||$100||1 in 14,494||329||47,685||1,385.6||5,945|
|Match 3||$7||1 in 580||9,160||1,164,124||40,128.4||151,935|
|Match 2 + PB||$7||1 in 701||7,441||895,097||25,834.9||124,150|
|Match 1 + PB||$4||1 in 92||60,368||6,343,237||181,508.3||960,404|
|Match 0 + PB||$4||1 in 38||0||14,595,721||405,595.3||2,415,287|
|The overall odds of winning a Powerball prize are approximately 1 in 24.9|
Figures calculated using results drawn between April 22nd 1992 and January 20th 2021.View the different Powerball prizes on offer in our comprehensive payout chart, along with Power Play prizes and the odds of winning at each level. ]]>