![]() Powerball® tickets must be purchased from a licensed lottery retailer. Once a Powerball® ticket has been printed, it cannot be canceled. Powerball® sales are suspended one hour prior to the draw. Use a playslip to mark your numbers or mark the Quick Pick (QP) box to randomly select any or all of your numbers for each play. Select 5 numbers from 1 to 69 and one number from 1 to 26 for the Powerball®. Sales cut-off time is 9:00 pm CT the day of the drawing. For an additional dollar, you can add the Power Play® option to multiply non-jackpot winnings by 2, 3, 4, 5 or 10 times (Except the Match-5 prize, which is capped at $2 million). If other players also match all six numbers, the prize will be shared in equal amounts.Įach Powerball® ticket is $2. The jackpot starts at an amount set by MUSL and grows until someone wins. If all your numbers match the drawn numbers, you win the jackpot. ![]() Sales stop approximately 1 hour prior to the draw time.įive numbered balls are drawn from 1 to 69 and one numbered ball is drawn from a separate pool of balls numbered 1 to 26. The Lottery encourages all players to seek financial advice before claiming a large jackpot prize.Īs with all claims, the names of those receiving prize funds and their city of residence is public record.Powerball® is a multi-state jackpot game. When claiming a prize as a legal entity, the legal document organizing the entity must list the name of each member of the group, their city of residence, and the portion of the prize each person will receive. This simplifies the tax reporting and prize distribution for a group of people receiving payments over an extended time. While it is not necessary for a group of people to form a legal entity to claim the cash option, the Lottery asks a group of winners to form a legal entity with an assigned tax identification number for a jackpot prize paid in annual installments. The group members must decide on one payment option it is not possible for some group members to take the cash option and others to choose the annuity. The Powerball or Mega Millions jackpot prize may be paid in the annuity payment format or the single payment cash option. The Federal Form 5754 allows the Lottery to send a separate W-2G tax form to each individual winner noting the amount won and withheld on their behalf. The person receiving the check for the group also provides picture identification and is responsible for distributing the winnings to the group members.įor a prize paid in a single payment, the check recipient may choose to complete a Federal Form 5754 that ensures the tax obligation of the prize is distributed among the group members according to the gross prize amount of each person’s share. ![]() ![]() Each member of the group provides a completed IRS Form W-9 for tax reporting purposes at the time of the claim. The prize check is issued to either one person or legal entity (partnership, trust, etc.). The prize on a winning lottery ticket may be split among a group of ticket owners however only one prize check is issued. $50 million (Jackpot split among three winning tickets sold in Louisiana, Florida and Delaware) Since joining the multistate game in March 1995, Louisiana has had a total of 17 Powerball jackpot winners. ![]()
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