Here's some pertinent information concerning

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.