For newbies, the Powerball is a multistate lottery and its draws take place every Wednesday and Saturday. 5 Numbers and the Powerball number are drawn and the tickets that get that right take home the jackpot. However, as the prize money grows, so do the odds of winning. This Lottery has made many millionaires in America and who knows? Even you could be joining the club in the 11 May 2013 draw, but only if you have bought the tickets because you cannot win the lottery if you do not buy the ticket.
The odds of winning the Powerball Jackpot on 11 May 2013
For the grand prize, the odds of winning with one ticket have been calculated at 1 in 175,223,510.00. That is pretty hard to beat but people have beaten the odds before and therefore you too will have the same chance as the others if you have bought your lottery tickets.
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The Odds of winning the Non-jackpot prizes
If a player matches 5 winning numbers without the Powerball, they will win $1 million. The odds of matching 5 numbers are 1 in 5,153,632.65. If they match the numbers and the Powerball number, the prize is $2 million. If a player matches for winning numbers and the Powerball number, they will win $10,000. The odds for matching 4 numbers and the Powerball number are 1 in 648,975.96
Your odds for winning the 11 May 2013 draw
The odds for the grand prize may seem very high, but once you buy your ticket, they reduce dramatically. The first step towards the jackpot is to buy the lottery ticket because you cannot win if you do not buy the ticket. You can play Powerball online and have a shot at the jackpot of $270 million for the 11 May 2013 draw. As the prize money reduces, so do the odds. Many players concentrate on winning the jackpot, but one should also look out for some of the non-jackpot prizes.
