Nowadays, you can find many people turning to lottery games to take a chance at winning the prize money. You can find that the winning prizes for most lottery games would go as high as $150 million, which was Australia’s highest lottery jackpot prize in September 2019. With the many lottery games to play, make sure you have enough knowledge before playing it.
If you plan on playing powerball, you have to know everything about the game to increase your chances of winning. People who love playing the lottery game would even study the ins and outs extensively. Once you learn the basics of the game, you should have no issues learning the other parts.
Brief History of Powerball
While the first Powerball was invented in the United States, it made its way to Australia and was licensed by multiple licensed subsidiaries. The first game was held on May 23, 1996, and every game would cost the player $1.10. On March 1 of 2007, the Division 1 pool was 33 million AUD and the first largest Australian lottery prize pool.
Every year from 1996 to 2018, the lottery game’s prize pool would always reach between 50 to 80 million AUD. However, the prize money went up to $100 million on August 16, 2018, the highest recorded number back then, and it even equalled the Oz Lotto record. The 100 million Australian dollar prize was split between two winners, one from Sydney while the other was from Melbourne.
July 18, 2019, was the next highest prize of $110 million, and there was only one winner who claimed the prize money. The prize money went up to 100 million during the same year, but no one from Australia managed to win it. Thus, the value went up from 100 million to 150 million, and then it was won and shared between three winners, 50 million each.
How the Powerball Drawing Functions
Players who participate in the lottery game need to match the five white balls, including the red powerball. However, it is not guaranteed that the jackpot will be awarded every draw since there are billions of potential number combinations.
When the prize money gradually increases, more and more players will participate in the game to get a chance at winning all of it. As mentioned a while ago, the only time the winner will not be able to get the total prize money is when another player within the same draw wins, so the money will be divided depending on the number of winners. Keep in mind that the more people join the game, the more chances of a winner within the successive draws.
Once there is a winner declared, the prize money of the game will restart back to $40 million, and it will increase at least by 10 million each time there is no winner announced for the jackpot. The jackpot will usually reach hundreds of millions of dollars every time no winner is announced. You should know that the biggest Powerball prize money in the whole world was a record-breaking $1.5 billion in 2016.
- Make sure you know how to strategise whenever you play Powerball. You can find different tactics and even formulas used by other people that tells them which combinations will give them the highest chances of winning.