Powerball jackpot winners have the option to receive their winnings in a lump sum or spread out over 29 years through annual payments. This option sees players’ numbers added to a second draw after the Powerball draw, with a maximum cash prize of $10m. In some states - Colorado, Florida, Indiana, Maryland, Michigan, Missouri, Montana, New Jersey, Pennsylvania, Puerto Rico, South Carolina, South Dakota, Tennessee and Washington - you can also pay $1 for a so-called Double Play. However, Power Play isn’t applied to the jackpot, and the multiplier is never higher than two if you win the $1m second prize. This multiplies winnings by two, three, four, five or 10, depending on the multiplier number picked out of the hat before the drawing takes place. For an extra $1, you can add what’s called a Power Play.
