Powerball NJ: Your Guide To Winning, Odds, & More Facts
Ever dreamt of instant riches? Powerball NJ offers a tantalizing chance to turn those dreams into reality, providing an opportunity to win life-altering sums while contributing to the betterment of New Jersey's education system.
Powerball NJ, a fixture in the Garden State's lottery landscape, stands as a local iteration of the nationwide Powerball phenomenon. This multi-state lottery captivates players across 45 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, uniting them in the shared aspiration of striking it rich. The premise is simple: match the right numbers, and a colossal jackpot could be yours.
| Aspect | Details |
|---|---|
| Name | Powerball NJ |
| Type | State Lottery Game (Part of Multi-State Powerball) |
| States Participating | 45 states, District of Columbia, Puerto Rico, U.S. Virgin Islands |
| Selection Process | 5 numbers from 1-69, 1 Powerball number from 1-26 |
| Quick Pick Option | Available for random number selection |
| Drawing Schedule | Wednesdays and Saturdays at 10:59 PM |
| Starting Jackpot | $20 Million |
| Largest Jackpot Ever Won | $1.586 Billion (split by three winners in 2016) |
| Funds Generated for NJ Schools | Over $650 Million since 1992 |
| Odds of Winning Jackpot | 1 in 292.2 Million |
| Odds of Winning Any Prize | 1 in 24.9 |
| Other Prize Levels | 8 (ranging from $4 to $1 Million) |
| Federal Tax Rate on Winnings | 24% |
| State Tax Rate on Winnings (NJ) | 3% |
| Authorized Retailers | Tickets can be purchased throughout New Jersey |
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