Categories
BLOG

last time to buy powerball

Australia Powerball Lotto FAQs

Playing Australia Powerball Lotto is relatively easy, here are answers to some of the most commonly asked questions. To learn more visit the Australia Powerball Lotto and Australia Powerball Lotto results pages.

  • When does the Australia Powerball draw take place?
  • What time do Australia Powerball ticket sales close?
  • How do I win playing Australia Powerball?
  • Can I play Australia Powerball if I do not live in Australia?
  • If I win, how long do I have to claim a prize?
  • How old do I have to be to play Australia Powerball?
  • Are winnings on the Australia Powerball taxable?
  • What are the odds of winning a prize on Australia Powerball?
  • Does the Australia Powerball have a minimum guaranteed jackpot?
  • Does the Australia Powerball have a rollover limit or jackpot cap?
  • What is the biggest jackpot ever won on the Australia Powerball?
  • When is the next Australia Powerball draw?
  • What does the Australia Powerball jackpot currently stand at?
  • How much does it cost to buy an Australia Powerball ticket?

Question: When does the Australia Powerball draw take place?

Answer: Australia Powerball draws take place at 9:30pm (AEDT) on a Thursday night.

Question: What time do Australia Powerball ticket sales close?

Answer: Ticket sales stop at 8:30pm (AEDT) on the night of a draw and reopen shortly afterwards for the next draw.

Question: How do I win playing Australia Powerball?

Answer: Prizes are awarded on Australia Powerball for matching a minimum of two main balls and the Powerball. In order to win the Division 1 prize, you must match all seven main numbers and the Powerball.

Question: Can I play Australia Powerball if I do not live in Australia?

Answer: Players from outside of Australia can join in the excitement by using a safe and secure online concierge service. They will purchase a ticket on your behalf, scan it and send it to you and ensure that your winnings are paid into your online account.

Question: If I win, how long do I have to claim a prize?

Answer: In the Northern Territory, Victoria and Tasmania you will have six months from the date of the draw to claim your Australia Powerball prize. If you bought a ticket in Western Australia or Southern Australia you will have 12 months from the date of the draw. In New South Wales, all Australia Powerball prizes must be claimed within six years of the draw date. Check with your local state lottery if you are unsure about the deadlines for claiming a prize.

Question: How old do I have to be to play Australia Powerball?

Answer: You must be 18 or over if you want to take part in Australia Powerball.

Question: Are winnings on the Australia Powerball taxable?

Answer: Winnings from Australia Powerball are tax free within the country, but if you are playing from overseas then it is best to take advice on tax liabilities in your country.

Question: What are the odds of winning a prize on Australia Powerball?

Answer: You have a 1 in 44 chance of winning a prize on Australia Powerball. The odds of winning the Division 1 prize are 1 in 134,490,400. To see a full list of the potential prizes and odds of winning in each Division, visit the Australia Powerball Prizes page.

Question: Does the Australia Powerball have a minimum guaranteed jackpot?

Answer: Australia Powerball jackpots begin at AU$3 million and can rise quickly through rollovers.

Question: Does the Australia Powerball have a rollover limit or jackpot cap?

Answer: The Australia Powerball jackpot can roll for a maximum of 25 draws, which can lead to impressive nine-figure amounts.

Question: What is the biggest jackpot ever won on the Australia Powerball?

Answer: The biggest jackpot ever seen on Australia Powerball was AUD $150 million, which was won on 19th September 2019 by three lucky ticket holders. Two of the winners were from Queensland and one was from New South Wales.

Question: When is the next Australia Powerball draw?

Answer: Your next chance to play for an Australia Powerball jackpot is Thursday 26th November 2020.

Question: What does the Australia Powerball jackpot currently stand at?

Answer: The next Australia Powerball jackpot is AU$20,000,000

Question: How much does it cost to buy an Australia Powerball ticket?

Answer: A single ticket costs AU$1.70.

Find answers to the most common questions regarding Australia Powerball, such as the draw time, the odds of winning and the next jackpot.

Last time to buy powerball

Sales cut-off times vary by one to two hours before the drawings on Wednesday and Saturday evenings, depending on the selling jurisdiction.

Some lotteries sell Powerball® tickets over the Internet, but the service is only available to residents of that jurisdiction. The sale of Powerball tickets over the Internet or by mail across jurisdictional borders is restricted. Lotteries may refuse to pay out prize money on Powerball tickets purchased on any website other than their own. Please contact your lottery with any further questions.

You do not have to be a U.S. citizen or U.S. resident to play Powerball®. Players from jurisdictions where Powerball tickets are not sold, either in the United States or outside the country, when visiting a selling jurisdiction, can purchase Powerball tickets from a retailer licensed or authorized by the selling jurisdiction, if they meet the legal age requirement in the jurisdiction of purchase. Federal and jurisdictional income taxes may apply to any claimed prize money.

The 10X multiplier is only in play when the advertised jackpot annuity is $150 million or less.

Powerball® tickets print the white ball numbers in numerical order of a given play. You can match the white ball numbers in any order of a given play to win a prize. The red Powerball number of a given play on your ticket must match the red Powerball drawn. Each play on a ticket is separately determined; players cannot crisscross play lines on a ticket or combine numbers from other tickets.

While there are many factors that determine the advertised Grand Prize estimate in the Powerball® game; two important ones are games sales and the annuity factor.

A number of variables can affect game sales, such as seasonality or a big Mega Millions jackpot. Traditionally, game sales are stronger for a Saturday drawing versus a Wednesday drawing.

The annuity factor, or the cost to fund an annuity prize, is another key component. The annuity factor is made up of interest rates for securities purchased to fund prize payments. The higher the interest rates, the higher the advertised Grand Prize. You might not realize that an economic reality like interest rates impact even the Powerball jackpot, but they do!

Most players think the odds of matching the Powerball to win a prize are 1 in 26, since the Powerball is drawn from a field of numbers from 1 to 26.

But consider this…

The odds of matching the Powerball ALONE are harder than 1 in 26, because there is also the chance you could match one or more white balls, in addition to the Powerball, to win another prize.

Powerball numbers are drawn from two sets of numbers, so the odds of winning a prize are calculated by combining the odds for both sets of numbers for all prize levels. The odds for matching just the Powerball are calculated by combining the odds of selecting the Powerball and the odds of not selecting any of the five numbers from the first set of numbers drawn.

Prizes must be claimed in the jurisdiction where the winning ticket was purchased. Players can generally claim a prize up to $600 at any licensed lottery retailer in the jurisdiction where they bought the ticket. Prizes over $600 can be claimed at some lottery offices, depending on the amount, and also at lottery headquarters. Please contact your lottery with any further questions.

Ticket expiration dates typically vary from 90 days to one year depending on the selling jurisdiction. The expiration date is often listed on the back of your ticket. If the expiration date is not listed, check with your lottery.

Unclaimed prizes are kept by the lottery jurisdiction. If a Grand Prize goes unclaimed, the money must be returned to all lotteries in proportion to their sales for the draw run. The lotteries then distribute the money, based on their own jurisdiction’s laws, to other lottery games or to their jurisdiction’s general fund, or otherwise as required by law.

Every jurisdiction has its own law on winners remaining anonymous. Some jurisdictions are required by law to provide the winner’s name, city of residence, game won and prize amount to any third party that requests the information. Other jurisdictions allow winners to create trusts to shield their names from the public, or otherwise claim prizes anonymously. Check with your lottery to see if taking a photo of the winner is required and what its rules are on prize claims. Even if you keep your identity secret from the media and the public, you will have to be known to the lottery so officials can confirm you are eligible to play and win, as well as other legal requirements.

A Powerball jackpot winner may choose to receive their prize as an annuity, paid in 30 graduated payments over 29 years, or a lump-sum payment (cash option). For the annuity, the annual payments increase by 5%. The cash value option, in general, is the amount of money required to be in the jackpot prize pool, on the day of the drawing, to fund the estimated jackpot annuity prize. The advertised jackpot annuity and cash value are estimates until ticket sales are final, and for the annuity, until the Multi-State Lottery Association takes bids on the purchase of securities.

Federal and jurisdictional income taxes apply to both jackpot prize options.

Check with your lottery for its rules on how to claim a jackpot prize and the correct procedure for selecting the annuity or cash value option.

If a jackpot winner dies before receiving all annual installments, the balance of the prize will be paid to the winner’s estate. Upon receipt of a court order, annual prize payments will continue to be paid to the winner’s heirs. Other provisions may also apply depending on the laws of the lottery paying the prize.

A United States $100 bill is .0043 inches thick.

Ten thousand $100 bills equals $1 million (10,000 x $100 = $1,000,000).

Therefore, a $1 million stack of $100 bills is 43 inches tall (10,000 x .0043 inches = 43 inches).

43 inches = 3.5833 feet

A stack of one hundred dollar bills equaling $40,000,000 is 143.33 feet tall (40 x 3.5833 feet = 143.33 feet).

Last time to buy powerball Sales cut-off times vary by one to two hours before the drawings on Wednesday and Saturday evenings, depending on the selling jurisdiction. Some lotteries sell