Powerball, a game of chance played in lotteries around the world, is now available in Puerto Rico. Although not a United States lotteries, it is part of the Latin American continent and is known by its popular name, Powerball. It has been around since sometime as late as 1989 and at present, it is the second most popular lottery game after the Mega Millions in the United States. Even though there are no major prizes awarded for the Powerball jackpot, the game is one of extreme popularity. More than eighteen million people daily play Powerball, making it one of the most popular games in the world.
The estimated minimum number by which the Powerball jackpot would be won in Wednesday s drawing is $500 million. The Powerball prize is believed to be the largest prize in the history of lottery games, with an estimated value of nearly one billion dollars. If this figure is not beaten, then the next Powerball game held may have a record of topping the billion dollar mark. The Powerball prize amounts to US$billion and is shared by its twenty-two local governments, the United States, Las Vegas and New Orleans. The total prize money is equivalent to more than six percent of the gross domestic product of Puerto Rico.
Like other Powerball games, Powerball has its own winning rules. The specific Powerball rules can be found online. In most cases, Powerball ticket holders will receive an eight-ball draw. When these are sold out, new Powerball tickets will be given away. Those who win the draw will get the right to claim a prize.
There are certain things that must be kept in mind when playing Powerball. There are prizes and prize restrictions. Firstly, ticket holders must keep one thing in mind: the prize money is the sole prize. In addition, the prize money must be distributed only among the winners. The minor expenses and commission fees must be paid upon winning.
On the weekend of Wednesday, Powerball players will get a chance to win a “grand jackpot”. A grand jackpot is not accessible to Powerball players, due to their inability to pay taxes on it. Unlike the regular jackpots, a grand jackpot cannot be won twice; it is given away on a single day. The jackpots that can be won on Wednesday are currently worth US$ 7 million.
The amount of money that a winner of a “grand jackpot” gets is dependent on how many powerball tickets were sold on the previous day. The jackpot amount is not affected if a few tickets were sold on the day of Wednesdays. Also, if there are forty million people playing Powerball on Wednesday, the number of tickets sold on the preceding day will determine the grand jackpot prize.
If there are twenty-five million people playing the Powerball game, the chances of winning the jackpot are highly slim. There are other ways for Powerball winners to receive a larger prize. The possibility of winning Powerball with two or more tickets sold on the same day is much higher. People who purchased three, four or more tickets will receive larger prizes. It has been proven that there is an approximately thirty percent chance of winning the jackpot through this method.
Lastly, Powerball prize categories are determined by the combinations that were drawn during the last drawing. Although Powerball draws take place only once per day, a number of people have the tendency of trying to guess the next draw. People should always try to concentrate their efforts on searching for the main numbers and try to eliminate the Powerball number from a range of possible numbers. This method will ensure that you choose the correct Powerball number from a range of possible numbers.