The Australian Powerball is a game that is run by the company Tatts Group. It has many licensed subsidiaries within Australia such as the New South Wales Lotteries and the Australian Capital Territory, Tattersalls, Golden Casket and the South Australian lotteries. The first Powerball draw took place on 23rd May 1996. The structure of the Powerball changed from March 2013. Since then, the lottery draws six regular numbers from one pool of 40. The Powerball is drawn from a separate pool that has 20 numbers. This new version of the Powerball introduced the eighth division that requires that winners win two main numbers plus the Powerball. Apart from this, it also added 10c per play and introduced a chance to wheel the 40 Powerball. The once again changed on 19th April 2018. Now, with each draw, seven regular numbers are drawn from a range of 1-35 with the additional Powerball number. With an aim to offer bigger and better jackpots, a new division 9 was added. However, the cost of the Powerball has been increased to enable this new format to function.
The highest Australian Powerball jackpot has gone up to $100 million (Australian) won by two people in 2018. The second highest prize won was $80 million (Australian) that was also won by two tickets on 30th July 2009.
The Australian Powerball vs. the United States (US) Powerball
The Australian Powerball is a version of the American Powerball. But there are many differences. In the US Powerball, when a player matches the Powerball, the ticket wins. In the Australian Powerball, players should match a minimum of three numbers. Further, these have to be two regular numbers plus the Powerball. The winners in the US Powerball collect the prize money as an annuity whereas, in the Australian Powerball, the winners always collect lump sum. American lotteries are taxed whereas Australian lotteries are not taxed. And finally, in the Australian Powerball, the prizes are pari-mutuel. Here, all the bets are placed together in a pool and the prize is shared among all the winning bets.
How to play Powerball Australia
To play the Australian Powerball, players must select seven numbers within the range of 1 to 35. Along with the seven numbers, players must also choose an additional Powerball number between the numbers 1 and 20. For players to win the jackpot, they must match all the seven main numbers drawn. Along with this, they must also match the Powerball number. The players have the opportunity to win even if they win two numbers and the Powerball.
Draws for the Australian Powerball happens every Thursday at 8.30 PM AEST. The numbers can also be viewed on the official lottery website post the live draw.
Who can play Powerball Australia
Anyone above the age of 18 can participate in the Australian Powerball. In Western Australia, the legal age for participating in lotteries has to be reduced to 16 years. The Powerball is also open for anyone from across the globe to play. They can do this by playing the lottery game online. Players should confirm with their country laws for eligibility to participate and claim the prize.
The odds of winning a Powerball Australia
The odds of winning was always high with the Australian Powerball. And with the recent change in the format from drawing 6 numbers to 7 numbers plus the Powerball, the odds of winning has also increased. At present, there are nine divisions of prizes that players can win. The ninth division is where the player matches 2 numbers plus Powerball. The odds of winning this is 1 in 65. The odds of winning any prize is 1 in 44. The odds of winning the big jackpot (match 7 numbers plus Powerball), is 1 in 134, 490, 400.
Payments and Costs for Powerball Australia
Tickets for the Powerball can be purchased online or at any of the authorized retail stores in Australia. Each ticket costs $2(Australian). This is for a single player for the draw. There are additional charges for Quick Picks and playing as a syndicate. Prices for these are available on the official website.
Claiming the prize money
Australia offers its winners an extensive time period to claim the prize money. In some states, it is 12 months where on few it goes up to 6 years. Prize money of $1500 dollars or lesser is paid at retail shops. Those who have won more than this amount will need to fill out a claim form. Once this is done, money is transferred within the next two weeks. The claiming process differs slightly for individual winners and syndicate winners. But the general rule is to show up with the winning tickets and produce with the ticket a valid Identity card or cards if it’s a syndicate.
Tax payments for Powerball Australia
The Australian government does not charge the residents on the nation any taxes on the prize monies of any lottery. Others may be subject to tax as per their country lottery regulations.
Good causes supported by the Powerball Australia Lottery
The Australian lotteries have made some of the biggest contributions to the state in terms of developing sports, culture, and arts. In fact, the Sydney Opera house was built with the revenue generated from lotteries. Although lottery specific information is not available, the Australian lotteries overall contribute to various social causes such as the Royal Women’s Hospital, Motherhood, and Child welfare, Red Cross, and contribute to building education, sports, culture, and arts in the country.
The Australian Powerball with its latest 2018 format has boosted up the chances for players to go home with big money. This change allows for players to win money even when they match only two numbers. That added to no taxes and a highly regulated claiming process makes the Powerball a highly recommended lottery.
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