Odds Payouts
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Megaplier
The Megaplier is an add-on you can opt in to when purchasing a ticket for the standard Mega Millions drawing. It costs an additional $1 per line to play, and can increase non-jackpot amounts to up to five times their starting value.
If the odds are 5/3, and I bet $100, what is the payout if I win? Community Answer 5/3 odds equates to a +166 money line bet, meaning a $100 bet would return $266 (your original $100 bet plus $166). Payout Odds; 5 + PB: Jackpot: 1 in 292,201,338: 5: $1 Million: 1 in 11,688,054. Cash Payout:- You can opt to get the Jackpot payout in cash at the time of the.
Just before each drawing, the Megaplier number is randomly selected, applying either a 2x, 3x, 4x, or 5x multiplier for all winners who opted to play. The Megaplier is the same for all players, and is available in all participating states except California.
See the How to Play page for more information about the Megaplier. The table below shows how this add-on can increase the value of prizes:
| Prize Tier | Prize | 2X | 3X | 4X | 5X |
|---|---|---|---|---|---|
| Jackpot | Jackpot | Jackpot | Jackpot | Jackpot | |
5 | $1 million | $2 million | $3 million | $4 million | $5 million |
| $10,000 | $20,000 | $30,000 | $40,000 | $50,000 | |
4 | $500 | $1,000 | $1,500 | $2,000 | $2,500 |
| $200 | $400 | $600 | $800 | $1,000 | |
3 | $10 | $20 | $30 | $40 | $50 |
| $10 | $20 | $30 | $40 | $50 | |
1 + Mega Ball | $4 | $8 | $12 | $16 | $20 |
| $2 | $4 | $6 | $8 | $10 | |
| Odds of Being Drawn | N/A | 1 in 3 | 1 in 2.5 | 1 in 5 | 1 in 15 |
Before making any bet, it helps to know what you're risking for the expected payout. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds. Calculating betting odds payouts is also one of the best ways to learn about sports betting. You will enhance your chances and boost your wins! It may be a little confusing for beginners at first, but worry not – this guide will answer all your burning questions about bet types, payouts, probabilities and the different types of odds.
Just the Jackpot
You can also choose to play for the Mega Millions jackpot alone, foregoing the chance to win any other prizes. It costs less than a standard line to play Just the Jackpot - $3 for two lines, rather than the usual $4 – but means that you must match all five main balls and the Mega Ball to win. You won't be eligible for any other prizes if you play Just the Jackpot.
Cash vs Annuity
If you win the jackpot, you have the option of receiving your winnings as either a cash lump sum, or an annuity payment.
The annuity option entitles you to the full advertised jackpot amount before tax, paid in 30 instalments over 29 years. The first payment would be made immediately, with each subsequent payment increasing by 5%.
The benefits of annuity payments are that you receive the full jackpot amount - as opposed to a reduced cash value - and you have the security of receiving a steady income for the foreseeable future.
However, you also have the option to receive the jackpot as a one-off cash lump sum, though the value of a lump sum payout is always less than it would be for the annuity option. This is because the cash prize represents the actual funds in the jackpot pool at the time of the draw, where the annuity value is based on the lottery’s expected return from investing the cash sum over 29 years. The annuity sum is guaranteed to the player and they receive the full amount even if the lottery makes investments that do not achieve the expected return.
Many players have chosen the lump sum over annuity payments, despite the lower overall value, because if they invest their winnings correctly, their return on investment could be higher than 5% per year – leading them to be better off in the long term.
If an annuity winner dies before receiving all of their payments, the money transfers to their estate or to a beneficiary designated by them. Different states have different rules on whether the estate receives annual payments or the balance of the award; check with your state lottery for more information.
Prize Rules
All prizes must be claimed in the state where the tickets were purchased. Each state has its own rules about when and how winnings must be claimed; it is your responsibility to come forward before your ticket expires, and through the correct channels. Visit the How to Claim page for more information.
Winning tickets must be checked and validated by the lottery operator in the state where the ticket was bought, or by an agent of the operator, such as a licensed retailer, before prizes can be paid out. If you do win a large lottery prize or jackpot, you will be liable for federal taxation in the US, regardless of whether or you're a resident or citizen. This is set at a rate depending on your total annual income, plus the size of your winnings. The lottery makes an immediate 25 percent federal withholding on winnings of more than $5,000, and most states levy a local withholding, although there are ten which do not.
Below are the tax withholdings by state, although certain other factors – such as residency – could affect these. For further advice, consult a professional financial advisor.
| State/Jurisdiction | State Tax |
|---|---|
| California | 0% |
| Florida | 0% |
| New Hampshire | 0% |
| Puerto Rico | 0% |
| South Dakota | 0% |
| Tennessee | 0% |
| Texas | 0% |
| U.S Virgin Islands | 0% |
| Washington State | 0% |
| Wyoming | 0% |
| North Dakota | 2.9% |
| New Jersey | 3% |
| Pennsylvania | 3.07% |
| Indiana | 3.4% |
| Illinois | 3.75% |
| Colorado | 4% |
| Missouri | 4% |
| Ohio | 4% |
| Oklahoma | 4% |
| Virginia | 4% |
| Michigan | 4.25% |
| Mississippi | 3-5% |
| Arizona | 5% |
| Iowa | 5% |
| Kansas | 5% |
| Louisiana | 5% |
| Maine | 5% |
| Massachusetts | 5% |
| Nebraska | 5% |
| North Carolina | 5.75% |
| Rhode Island | 5.99% |
| Georgia | 6% |
| Kentucky | 6% |
| New Mexico | 6% |
| Vermont | 6% |
| West Virginia | 6.5% |
| Delaware | 6.6% |
| Montana | 6.9% |
| Connecticut | 6.99% |
| Arkansas | 7% |
| South Carolina | 7% |
| Minnesota | 7.25% |
| Idaho | 7.4% |
| Wisconsin | 7.75% |
| Oregon | 8% |
| Washington D.C | 8.5% |
| Maryland | 8.75% |
| New York | 8.82% |
There are nine different ways to win Powerball prizes in every draw, based on how many numbers you match. You can win $4 just for matching the Powerball, while the jackpot is won by matching all five main numbers plus the Powerball. The top prize starts at $20 million (*During the Coronavirus pandemic, the starting jackpot may be lower than this) and increases every time it is not won.
If there are multiple winners of the jackpot, it will be shared equally between them. The eight prizes below the jackpot are fixed amounts, so for these prizes there is a guaranteed payout regardless of how many winning players there are. Go to the Powerball Numbers page to see the latest prize payouts.
Payout Chart
The Powerball payout chart below shows how many numbers you need to match to win the different prizes and the odds of winning each. You can also see statistics about past winners in each division.
| Prize Level | Payout | Odds | Fewest Ever Winners | Highest Ever Winners | Average Winners Per Draw | Winners in Last Draw |
|---|---|---|---|---|---|---|
| Match 5 + PB | Jackpot | 1 in 292,201,338 | 0 | 4 | 0.1 | 0 |
| Match 5 | $1,000,000 | 1 in 1,688,054 | 0 | 89 | 2.6 | 1 |
| Match 4 + PB | $50,000 | 1 in 913,129 | 1 | 827 | 23.5 | 13 |
| Match 4 | $100 | 1 in 36,525 | 136 | 20,544 | 709.3 | 207 |
| Match 3 + PB | $100 | 1 in 14,494 | 329 | 47,685 | 1,383.2 | 590 |
| Match 3 | $7 | 1 in 580 | 9,160 | 1,164,124 | 40,045.7 | 14,953 |
| Match 2 + PB | $7 | 1 in 701 | 7,441 | 895,097 | 25,794.5 | 13,843 |
| Match 1 + PB | $4 | 1 in 92 | 60,368 | 6,343,237 | 181,257.6 | 110,749 |
| Match 0 + PB | $4 | 1 in 38 | 0 | 14,595,721 | 405,126.0 | 271,968 |
| The overall odds of winning a Powerball prize are approximately 1 in 24.9 | ||||||
Figures calculated using results drawn between April 22nd 1992 and February 6th 2021.
It's a DOUBLE Rollover!
$42 Million
Horse Odds Payouts
For a small additional fee, you can opt to use the Power Play option which will increase the prize payout for any non-jackpot win by a multiple of 2, 3, 4 or 5 (or possibly 10 when the estimated jackpot is less than $150 million) depending on which Power Play number is drawn. Match 5 winnings are always doubled to $2 million with the Power Play option, no matter which Power Play number is drawn. This option is available in all participating states and jurisdictions except California, where prizes must be pari-mutuel according to state law.
Power Play Payout Chart
Here are the expected payouts for Power Play prizes:
| Prize Level | 2 | 3 | 4 | 5 | 10 |
|---|---|---|---|---|---|
| Match 5 + PB | Jackpot | Jackpot | Jackpot | Jackpot | Jackpot |
| Match 5 | $2 million | $2 million | $2 million | $2 million | $2 million |
| Match 4 + PB | $100,000 | $150,000 | $200,000 | $250,000 | $500,000 |
| Match 4 | $200 | $300 | $400 | $500 | $1,000 |
| Match 3 + PB | $200 | $300 | $400 | $500 | $1,000 |
| Match 3 | $14 | $21 | $28 | $35 | $70 |
| Match 2 + PB | $14 | $21 | $28 | $35 | $70 |
| Match 1 + PB | $8 | $12 | $16 | $20 | $40 |
| Match 0 + PB | $8 | $12 | $16 | $20 | $40 |
The following table shows the odds of each Power Play multiplier being randomly selected when the 10x multiplier is in play (jackpot worth $150 million or less):
| Power Play Multiplier | Odds |
|---|---|
| Match 10x | 1 in 43 |
| Match 5x | 1 in 21.5 |
| Match 4x | 1 in 14.33 |
| Match 3x | 1 in 3.31 |
| Match 2x | 1 in 1.79 |
Horse Racing Odds Payouts
The following table shows the odds of each Power Play multiplier being randomly selected when the 10x multiplier is not in play (jackpot worth more than $150 million):
| Power Play Multiplier | Odds |
|---|---|
| Match 5x | 1 in 21 |
| Match 4x | 1 in 14 |
| Match 3x | 1 in 3.23 |
| Match 2x | 1 in 1.75 |
Don't forget to check how much tax you will pay on your powerball prizes