The largest prize to date has been a staggering $23 million, with the minimum jackpot starting at $2 million. In the event that no winner scoops the jackpot, the amount increases by $50,000 in the next draw and continues to grow until a lucky player claims the jackpot.
- There is a very small chance of winning the jackpot, but the possibility of winning smaller prizes is much higher.
- The jackpot often reaches millions of dollars, making it a very lucrative prize
- The odds of winning the jackpot are 1 in 292,201,338
- The jackpot can be quite large, but it's often split between many winners
Here’s an explanation of the Prize Breakdown for some winning combination in the Powerball, including the base winnings, the number of winners, and the winnings for those who used the “All Star Bonus” multiplier:
- 5 Correct Numbers + Powerball
- Base Prize: $13,830,000.00
- Winners: None
- All Star Bonus Prize: $13,830,000.00 (no change with multiplier, but no winners in this category)
- 5 Correct Numbers Only (no Powerball)
- Base Prize: $20,000.00
- Winners: None
- All Star Bonus Prize: $40,000.00 (doubled prize with All Star Bonus, but no winners in this category)
- 4 Correct Numbers + Powerball
- Base Prize: $1,000.00
- Winners: 1
- All Star Bonus Prize: $2,000.00 (doubled prize for this winner using the multiplier)
- Winners with All Star Bonus: 1
- 4 Correct Numbers Only
- Base Prize: $100.00
- Winners: 27
- All Star Bonus Prize: $200.00 (doubled prize for winners using the multiplier)
- Winners with All Star Bonus: 3
- 3 Correct Numbers + Powerball
- Base Prize: $20.00
- Winners: 170
- All Star Bonus Prize: $40.00 (doubled prize for those using the multiplier)
- Winners with All Star Bonus: 53