Powerball in Michigan 2020Warm up to Riches
- Powerball in Michigan is a draw game where players select five white balls
- Starting Jackpot of Powerball in Michigan is $40 million
- Powerball in Michigan has both the Online and In-Store purchasing options
Powerball in Michigan began on January 31, 2010. Just as Mega Million replaced The Big Game about 10 year ago, Powerball replaced Lotto America in April 1992. For those that have been paying attention to the news over the past couple of years, they will agree that both lottery Michigan Powerball and Mega Millions have made some Michigan residents stinkingly rich. Powerball in Michigan is a draw game that players only need $2 to get its ticket and its starting Jackpot is as high as $40 million.
Powerball in Michigan: How to get started
Michigan Powerball is a draw game, just like the Michigan lottery Club Keno Lucky players of Powerball Michigan lottery can take home as high as $40 million from Jackpot. One fascinating feature about Powerball is its availability. As popular as Powerball is in Michigan State, it should not be surprising that it is available and readily played in 43 other States, Washington D. C., the United States Virgin Islands, and Puerto Rico. Yes! It’s a very popular lottery. Unlike the Michigan lottery Club Keno whose ticket can only be gotten from retailers (In-Store), interested players of Powerball in Michigan has the options of getting their tickets either In-Store (by locating retailers that sell Powerball in Michigan tickets) or buying their tickets Online. With the exorbitant prizes that Powerball offers, one will be amazed that its ticket doesn’t really cost that much; just $2 to get a Powerball in Michigan ticket. After tickets for Powerball in Michigan have been bought by interested players, drawings are scheduled to take place on Wednesdays and Saturdays by 10:59pm Michigan Time. Tickets for Powerball in Michigan can be purchased in one of these three times:
- In-Store and Online ticket sales for the current draw are available until 9:45pm Michigan Time on the night of the draw;
- In-Store ticket sales resume for the next draw just after the drawing is completed.
- Online ticket sales for the next draw start after 9:45pm Michigan Time on the night of the draw.
In terms of its history, the Powerball game was created by the Multi-State Lotto Association (MUSL). Its creation was largely inspired by the quest to satisfy players’ desire of a chance at big jackpots while also getting reasonable chance to win significant smaller prizes. Since its inception, the Powerball game has undergone tremendous growth. During its earliest phase, the Powerball game was initially referred to as Lotto America 7/40. It began sales on February 10, 1988. One important thing to note about Powerball (and this is true throughout all the States where Powerball is being played) is that all profits that are made from the Powerball games are kept by the State that sells the ticket. The role of the MUSL include conducting drawings, performing central game administration (which include game development and research), and managing central accounting as well as the purchase of government securities to fund annuitized prizes.
Before presenting the prize table for Powerball in Michigan, let’s explain an option that feature on the table. It’s called Power Play. What does the power play option mean in Powerball? For an additional $1 per play, players who opt for the power play feature enjoy the privilege of multiplying their non-jackpot prizes by 2, 3, 4, 5, or 10 times. The multiplier number is randomly selected few moments before the drawings begins on television (where the Michigan Powerball Results are made public, that is, Michigan Powerball Numbers for that drawing are announced). Some Michigan residents’ lives get changed forever in a positive at the close of these Michigan Powerball drawings. It is noteworthy to mention that the 10X multiplier is only in play when the advertised jackpot annuity is $150 million or less. The Match 5 prize with Power Play always amount to $2 million, and to $1 million without Power Play. As enticing as Power Play is, the multiplier does not apply to a Jackpot prize.
Now, let us present to you the prize table for Powerball in Michigan so you can have a better idea of what Powerball is:
|NO POWER PLAY|
|5 White Balls + Powerball||1:292,201,338||Jackpot*|
|5 White Balls||1:11,688,054||$1 Million|
|4 White Balls + Powerball||1:913,130||$50,000|
|4 White Balls||1:36,526||$100|
|3 White Balls + Powerball||1:14,495||$100|
|3 White Balls||1:580||$7|
|2 White Balls + Powerball||1:702||$7|
|1 White Balls + Powerball||1:92||$4|
|WITH POWER PLAY|
|5 White Balls||1:11,688,054||$2 Million||$2 Million||$2 Million|
|4 White Balls + Powerball||1:913,130||$100,000||$100,000||$100,000|
|4 White Balls||1:36,526||$200||$300||$400|
|3 White Balls + Powerball||1:14,495||$200||$300||$400|
|3 White Balls||1:580||$14||$21||$28|
|2 White Balls + Powerball||1:702||$14||$21||$28|
|1 White Balls + Powerball||1:92||$8||$12||$16|
Overall Odds of Winning: 1 in 25
All set prizes and Power Play prizes, including Match 5+0 prize, may be reduced if claims exceed available prize fund.
*The 10X multiplier will not be available for drawings in which the advertised jackpot is more than $150,000,000.
Cash Option and Annuity Payments
One important aspect to discuss about Powerball in Michigan is the method of cash payment. In Powerball in Michigan, at the election of the player, Michigan Powerball jackpot prizes will be paid in one of two methods. These two methods are cash payment option and an annuity. For Jackpot winners who opt for the cash payment option, they will be paid a lump sum amount of money for their winning. The cash option amount shall be equivalent of the amount allocated for the jackpot pool, that is, the present cash value of the jackpot. On the other hand, the amount of the annuitized jackpot prize shall be the amount equivalent to a 30-year graduated annuity funded by the amount allocated for the jackpot pool at the current rate of return on investment in U.S. government zero-coupon strip bonds. Something noteworthy here is that there is no event in which the annuitized jackpot prize will be less than $40,000,000. For players who choose the annuity option, their annuitized prizes will be paid annually in thirty payments, starting with the initial payment which will be made in a single payment, followed by twenty-nine graduated payments that are funded by the annuity.
Another important point is noteworthy here. Irrespective of the payments method that winner elect to be paid by, the law requires Michigan Lottery to withhold estimated income taxes for federal (25 percent) and state (4.25 percent) on any prize that is above $5,000. Readers should know that these amounts are only estimates, as the winner is required to satisfy any further tax liability for that particular year that his/her prize is claimed.
Similar to what was obtained with the Michigan lottery Club Keno, there is also the concept of Shared Jackpots with Powerball in Michigan. Simply put, the Shared Jackpots provision has it that if two or more persons match 6 of 6 numbers (that is, they match White Balls + Powerball) in the same drawing, then the jackpot is shared in equal proportion among all winning tickets for that drawing. Additionally, winners selecting the Cash Option among them would receive the Present Cash Value of their share.
Remember that Michigan Powerball lottery presents players with two options to choose from in playing the game. Interested players can either play Online or they can pick up a playslip at their favorite Lottery retailer, in which case they will be playing In-Store.
How Best to Play Powerball in Michigan?
When you search online for past winners of Powerball in Michigan, you will be amazed at the lump sum amount of money (in millions) that Michigan residents are walking home with, thanks to Powerball in Michigan. By ‘winners’, we mean players who have successfully selected the Powerball Michigan winning numbers. I’m confident that Mike Greer had no idea back then in 2010 that he would be walking home with $128.6 million prize (the sixth largest jackpot in Michigan history) that he made on November 12, 2010, from his Powerball ticket. Neither did Danielle Duval knew that she will be taking home a life-changing amount of $310 million Powerball on October 6, 2015. The point here is that any step you take that takes you closer to playing Powerball in Michigan is a very solid investment on your part and a chance to join this league of most fortunate people in the State of Michigan. Visit our Lottery Comparison today, check out our operator comparison and register for an operator.