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Your Powerball Lottery

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Powerball's predecessor began in 1988 as Lotto*America; the game, and name, were officially changed to Powerball on April 19, 1992. Powerball was the brainchild of Ed Stanek of the Iowa State Lottery Commission. The matrix has been changed periodically. On March 4, 2001, an optional multiplier wheel (called "PowerPlay") was added. On November 2, 1997, the annuity period was changed from 20 to 25 years, and the cash option was added. The annuity currently consists of 30 graduated payments (increasing annually) over a period of 29 years. Powerball is drawn Wednesdays and Saturdays; the current estimated jackpot for Wednesday, March 19, 2008 is $15 million[1]; the cash option is $7.6 million.
The most recent announcement of a nine-figure Powerball jackpot winner ($100 million or higher annuity value) was for a ticket bought in West Virginia, which was the sole winner of the March 15, 2008 drawing. powerball lottery results winners numbers win powerball win lottery


 


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The first modern interstate lottery in the U.S. was formed in 1985 and linked three of the New England states. In 1988, the Multi-State Lottery Association (MUSL) was formed with Oregon, Iowa, Kansas, Rhode Island, West Virginia, Missouri, and the District of Columbia as its charter members; it is best known for its "Powerball" drawing, which is designed to build up very large jackpots. Another interstate lottery, The Big Game (now called Mega Millions), was formed in 1996 by the states of Georgia, Illinois, Massachusetts, Maryland, Michigan and Virginia as its charter members. These states were joined by New Jersey (1999), New York and Ohio (May 2002), Washington state (September 2002), Texas (2003) and California (2005) for a total of 12 members.

Instant lottery tickets, also known as scratch cards, were first introduced in the 1970s and have since become a major source of state lottery revenue. Some states have introduced keno and video lottery terminals (slot machines in all but name).

Other interstate lotteries include Cashola, Hot Lotto and Wild Card 2, some of MUSL's other games.

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