Don Stalvey 
The 겜블시티 파워볼 is an exciting game with a potential prize of $1.6 billion. The jackpot has sparked a nationwide craze, attracting new players to the game.
The game is a multi-state lottery with five numbers from 1 to 69 and one Powerball number from 1 to 26. Tickets cost $2 per play and are available at licensed lottery retailers.
Rules
The rules of the game are fairly straight forward and resemble those of other Powerball variants like the Florida Powerball. The most coveted prize is a lump sum cash payment in the form of a check, a savings bond or annuity. The odds of winning the big daddy are a hefty 97 to 1 for an out-of-state player, with an extra 5 to 1 for out-of-state residents who purchase an annuity. The aforementioned options have a minimum of three years of validity, and in many cases are subject to a five-year extension. Those seeking the best value for their buck should do their homework and shop around.
Odds of winning
If you buy just one Powerball ticket every week, your chances of winning are about one in 292.2 million. That’s not a good deal, but you can increase your odds by buying more tickets, which cuts your chances to about 1 in 2.92 million, according to Springfield College Professor of Mathematics and Computer Science Andrew Perry.
To win the jackpot, you need to guess the five white balls plus a red Powerball number. The odds of correctly predicting the first of those white balls are 5/69, meaning there are five numbers out of 69 that will be correct, says psychology professor Harvey Langholtz at William & Mary.
But you can increase your odds of snaring the jackpot by playing the Powerball more often, since the game’s abysmal odds are designed to draw in more players and boost the amount of money available for prizes. If you bought 100 Powerball tickets, your odds would be about 1 in 292.2 million, according to Nexstar’s WWLP.
Taxes
The jackpot could be yours, but you’ll have to pay the IRS, state and local governments a slice of the pie. The IRS withholds 24% off lottery winnings, while state and municipal governments take their own bite as well, depending on set rates and regulations.
If you’re a high-earner, you’ll be subject to a 35 percent tax on your winnings. In addition, you may have to pay state and city income taxes if the prize is over the threshold for your home state or city.
It’s a good idea to sit down with a tax planner after you win, but before you claim the money publicly, Bradley recommends. Then, you can decide what to do with the winnings, he says.
The good news is that eight states – California, Florida, New Hampshire, Pennsylvania, South Dakota, Tennessee, Texas and Washington – don’t impose income taxes on lottery winnings, according to Forbes. And if you’re a snowbird, you might be able to escape taxes on your prize money if you reside in a state that doesn’t tax gambling winnings.
Payouts
In addition to the jackpot, Gamble City Powerball offers several smaller prizes. Tickets that match three numbers and the Mega Ball win $7, while matching four main numbers without the Powerball can earn you a cool $100.
It’s also a good idea to play the Power Play feature, which costs an additional $1 per ticket and can multiply non-jackpot prizes by 2, 3, 4 or even 10 times! That’s a lot of money to win, but it’s not something you can afford to miss out on.
The most impressive jackpot prize in the game isn’t the largest, but it is the biggest. That’s because the jackpot is made up of a cash option, which is secondary to the advertised amount of the jackpot. The annuity factor helps the jackpot climb over time, as long as ticket sales exceed expectations. It’s not the only option, though; the lottery also offers a lump sum payment that comes in 30 annual payments.
