While winning the jackpot lottery is a dream come true for most people, it’s important to remember that the amount of money you win is only a fraction of the prize. Therefore, it’s imperative to protect your identity and your lottery winnings. By keeping your name and your winnings anonymous, you’ll prevent scammers and long lost friends from attempting to take advantage of your good fortune.
When you win the jackpot, you’ll receive prizes for your winning numbers, as well as the jackpot amount. The jackpot amount is determined by several factors, including the estimated number of winners from the previous drawing, the interest rate on the prize, and sales projections for the next drawing. The jackpot prize is usually 32.5 percent of the total base play revenue. The money in the jackpot prize fund accumulates until a jackpot winner is selected.
Powerball draws are held on Wednesdays and Saturdays and cost $2. The jackpot is currently $470 million. Powerball players have the option to add the “Power Play” option for an extra $1. Powerball requires five numbers from one to 69. The Powerball number can be any number between one and 26. If you’re not sure which numbers to play, you can let the computer choose the numbers for you.
The jackpot prize is split between the winners, and the jackpot will increase as more people play. Prize payouts for the non-jackpot prizes are pari-mutuel and can vary from the amount on the ticket. However, Florida Lottery makes every effort to make the prize amounts and numbers as accurate as possible.