US Powerball Lottery
Powerball is an American lottery game sold in 44 jurisdictions as a shared jackpot game. It is coordinated by the Multi-State Lottery Association (MUSL), a non-profit organization formed by an agreement with lotteries. Powerball's minimum advertised jackpot is $40 million (annuity) with a potential of nine-figure prizes. Its annuity option is paid in 30 graduated installments; winners may choose to cash out instead. Powerball drawings are held Wednesdays and Saturdays at 10:59 p.m. Eastern time (U.S.). The game uses a 5/59 (white balls) + 1/35 (Powerballs) matrix from which winning numbers are chosen.
The Powerball draw on February 18, 2006, produced the third-largest prize awarded for one set of numbers drawn in a US lottery game. The prize was $364 million; the eight people sharing the ticket chose the cash option, splitting $177,270,519.67 before withholdings.