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Did you know? New BONUS for missing a record Powerball jackpot by only the powerball.

Topic closed. 4 replies. Last post 8 years ago by Todd.

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TotallyDavis's avatar - Lottery-061.jpg
New Member
North Charleston, SC
United States
Member #69214
January 6, 2009
45 Posts
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Posted: January 8, 2009, 4:21 am - IP Logged

I saw this on the Powerball website today and it's the first I've seen of it.  It's a new rule that basically says that the Powerball jackpot can't increase by more than $25 million each draw once it hits record levels, so if the powerball jackpot does that, the extra prize money will go into a poll that will be split by all the 5 white ball winners on the day the jackpot is won.

So, it's like, "CRAP, the record jackpot got won today.  I know I won my $200,000, but I chose the wrong Powerball.  Oh well, I guess at least I get my $200,000 plus my bonus $XXX,XXX from the extra Match 5 pool."

The exact wording is on the bottom of the Powerball numbers page.  Here it is,

 

Whenever the Powerball jackpot reaches a record level, the amount of the jackpot prize is limited to increases for each draw of no more than $25 million. The prize money collected in excess of the maximum $25 million increase, will be placed into the Match 5 Bonus prize pool and will accumulate until there is a jackpot winner. When there is a jackpot winner, the Match 5 Bonus prize pool will be divided equally among all winners of the Match 5 prize. The prize will be paid in one cash lump sum.

The Match 5 Bonus prize is in addition to any Power Play prizes that may be won. The Match 5 Bonus prize is not multiplied. A Match 5 winner who also played the Power Play option will win the original $200,000, the amount paid under the Power Play multiplier option, and the new Match 5 Bonus effective bonus prize. Consider the following scenario: A player matches the five white numbers, another player hits the jackpot by matching all five white numbers plus the red Powerball, under the new game the prize is multiplied by 5X, and there is $385,000 available for each Match 5 winner as an additional Match 5 Bonus prize for the drawing. This player would then win $200,000 (the original Match 5 prize) + $900,000 [OP note: I think this is a typo and should be 800,000] (the extra monies created from the Power Play) + $385,000 (the actual Match 5 Bonus) for a total of $1,185,000. Put another way, the player has his $200,000 prize multiplied by 5, and then he also receives the additional $385,000 Match 5 Bonus prize.

Although it is unlikely, it is possible that no Match 5 winner will exist for a drawing where the jackpot is won and in where a Match 5 Bonus Prize pools exists. In this case, the Match 5 Bonus prize pool will be paid out to the Match 4+1 winners.

    Guru101's avatar - rw6jhh
    Indiana
    United States
    Member #48725
    January 7, 2007
    1958 Posts
    Offline
    Posted: January 8, 2009, 4:22 am - IP Logged

    Actually, this isn't something new. It's been known for quite a while.

    Gonna win.Big Smile


      United States
      Member #58528
      February 18, 2008
      710 Posts
      Offline
      Posted: January 8, 2009, 10:57 am - IP Logged

      Actually, this isn't something new. It's been known for quite a while.

      I think they added this rule the last time they revamped Powerball.I think it was only used once,maybe twice.Its rare that Powerball climbs into record territory so its rare that this rule goes into effect.I'm not sure,but I think it went into effect when Jack Whitaker won the record Powerball jackpot a few years ago,but I could be wrong.

        Todd's avatar - Cylon 2.gif
        Chief Bottle Washer
        New Jersey
        United States
        Member #1
        May 31, 2000
        23348 Posts
        Offline
        Posted: January 8, 2009, 11:06 am - IP Logged

        <Moved to Jackpot Games forum>

        Please post in the appropriate forum ... thank you.

          Todd's avatar - Cylon 2.gif
          Chief Bottle Washer
          New Jersey
          United States
          Member #1
          May 31, 2000
          23348 Posts
          Offline
          Posted: January 8, 2009, 11:07 am - IP Logged

          I saw this on the Powerball website today and it's the first I've seen of it.  It's a new rule that basically says that the Powerball jackpot can't increase by more than $25 million each draw once it hits record levels, so if the powerball jackpot does that, the extra prize money will go into a poll that will be split by all the 5 white ball winners on the day the jackpot is won.

          So, it's like, "CRAP, the record jackpot got won today.  I know I won my $200,000, but I chose the wrong Powerball.  Oh well, I guess at least I get my $200,000 plus my bonus $XXX,XXX from the extra Match 5 pool."

          The exact wording is on the bottom of the Powerball numbers page.  Here it is,

           

          Whenever the Powerball jackpot reaches a record level, the amount of the jackpot prize is limited to increases for each draw of no more than $25 million. The prize money collected in excess of the maximum $25 million increase, will be placed into the Match 5 Bonus prize pool and will accumulate until there is a jackpot winner. When there is a jackpot winner, the Match 5 Bonus prize pool will be divided equally among all winners of the Match 5 prize. The prize will be paid in one cash lump sum.

          The Match 5 Bonus prize is in addition to any Power Play prizes that may be won. The Match 5 Bonus prize is not multiplied. A Match 5 winner who also played the Power Play option will win the original $200,000, the amount paid under the Power Play multiplier option, and the new Match 5 Bonus effective bonus prize. Consider the following scenario: A player matches the five white numbers, another player hits the jackpot by matching all five white numbers plus the red Powerball, under the new game the prize is multiplied by 5X, and there is $385,000 available for each Match 5 winner as an additional Match 5 Bonus prize for the drawing. This player would then win $200,000 (the original Match 5 prize) + $900,000 [OP note: I think this is a typo and should be 800,000] (the extra monies created from the Power Play) + $385,000 (the actual Match 5 Bonus) for a total of $1,185,000. Put another way, the player has his $200,000 prize multiplied by 5, and then he also receives the additional $385,000 Match 5 Bonus prize.

          Although it is unlikely, it is possible that no Match 5 winner will exist for a drawing where the jackpot is won and in where a Match 5 Bonus Prize pools exists. In this case, the Match 5 Bonus prize pool will be paid out to the Match 4+1 winners.

          That feature has been in effect since August 31, 2005.

           

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