Here's your chance: Powerball jackpot reaches $1.4 billion
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LANSING — The Powerball jackpot has reached an estimated $1.4 billion ($643.7 million cash value) after no ticket matched all the winning numbers drawn Wednesday.
The jackpot is the third largest in the game's history, according to the Powerball website.
There have been three billion-dollar lotteries this year, due to changes to the major lotteries in 2015 and 2017 that decreased the odds, meaning the prizes grow bigger than before. An extra Monday Powerball drawing, added in 2021, also increased the prizes.
It will be the fourth billion-dollar lottery this year.
Here's what you need to know before the next Powerball drawing.
How much do Michigan residents spend on lotteries?
The state is one of the top 10 biggest sellers of lottery tickets, with Michigan residents spending an average of $486 a year on lottery tickets, according to data from CasinoReviews, which used 2022 figures from the North American Association of State and Provincial Lotteries.
Michigan residents are ranked 8th in spending on lotteries; the state also is ranked 8th in lottery revenue with $4.8 billion in sales, $3 billion in prizes and $1.8 billion in revenue, according to the same CasinoReviews data.
How important is the Powerball to the state lottery?
Powerball is a small part of the state lottery's earnings. It's about 3.4% of the annual revenue, roughly the same as Mega Millions, the other national jackpot lottery.
Michigan's lottery revenue is largely from instant games, which account for close to half of the state lottery's income.
About $1.25 billion from the lottery was put into the School Aid Fund in 2022, according to the Michigan Lottery.
"For every $1 spent on lottery, 63 cents goes to prizes, 25 cents goes to the School Aid Fund, 9 cents goes to retailer and vendor commissions, and 3 cents is used for lottery operations," according to the state lottery.
Are people confused by Powerball?
Powerball is one of the most-searched game rules online for Michigan residents.
An analysis of 650 games and online searches for phrases like "how to play" and "rules," by online gaming site Hearts.land, found that pickleball was the most confusing game for Michigan residents. Euchre was second and Powerball was fourth.
When is the next Powerball drawing?
The next Powerball drawing is Saturday, Oct. 7. Drawings are held at 10:59 p.m. every Monday, Wednesday and Saturday.
How late can you buy a Powerball ticket?
In Michigan, in-store and online ticket sales are available until 9:45 p.m. on the night of the draw.
How much does it cost to play Powerball?
Powerball costs $2 to play. For an additional $1 per play, the Power Play feature can multiply non-jackpot prizes by two, three, four, five or 10 times.
What are the Powerball prizes?
The complete guide to winnings is:
- Match 5 White Balls + Powerball: Jackpot
- Match 5 White Balls: $1 million
- Match 4 White Balls + Powerball: $50,000
- Match 4 White Balls: $100
- Match 3 White Balls + Powerball: $100
- Match 3 White Balls: $7
- Match 2 White Balls + Powerball: $7
- Match 1 White Ball + Powerball: $4
- Match Powerball: $4
- Match 5 White Balls with Power Play: $2 million
- Match 4 White Balls + Powerball with Power Play: $200,000
- Match 4 White Balls with Power Play: $400
- Match 3 White Balls + Powerball with Power Play: $400
- Match 3 White Balls with Power Play: $28
- Match 2 White Balls + Powerball with Power Play: $28
- Match 1 White Ball + Powerball with Power Play: $16
- Match Powerball with Power Play: $16
What are the odds of winning the Powerball jackpot?
The overall odds of winning the Powerball jackpot are 1 in 292.2 million. The odds of winning a prize, which includes the small amounts, is about 1 in 24.9.
[ Want more updates on the Michigan Lottery? Download our app. ]
How do I find the Powerball winning numbers?
Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. from the Florida Lottery draw studio in Tallahassee. Drawings are also lived streamed on Powerball.com. The winning numbers are posted to the Powerball and Michigan Lottery websites.
What's the Powerball Double Play drawing?
In-store Powerball purchasers can select the Double Play option to use their numbers in a second drawing immediately following the regular Powerball drawing for a chance to win additional prizes up to $10,000,000. Players can add the Double Play feature to their Powerball ticket for an additional $1 per play.
The Powerball Double Play drawing takes place between 11:30 and 11:40 p.m.
The Power Play multiplier does not apply to prizes win in the Double Play drawing.
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