Although the name of the lottery is similar in the two countries, the popular Powerball lotteries from the United States and Australia can be very different. These differences include the chance of winning, varying prize structure, amount of jackpot prizes awarded to lottery participants, varying payments system for the winners, and taxation on the rewards.
Let’s look at these differences between the US Powerball lottery and the Australian Powerball lottery in a little more detail.
Powerball History
The US Powerball lottery began much earlier than its Australian counterpart. The very first US Powerball game was played on April 19th, 1992. Conversely, the Australian Powerball lottery game was first played after 21 years on March 1st, 2013.
Differences In Prize Payout Systems In The US Powerball And Australian Powerball
The US Powerball lottery offers the participants 2 payout options. The first is the annuity option, which essentially means that the payment of the prize is evenly distributed over a long period of thirty years. While opting for the second option, the winner can cash the prize in one go.
On the other hand, Australian Powerball winners will always collect their winning prizes in one payment.
Taxation On The Powerball Lottery Prize In Two Countries
There’s no tax on the winnings collected by the Powerball winner in Australia. Whereas the US Powerball lottery winner must pay tax on the total amount.
Difference In The Size Of Prizes Paid Out By The US Powerball And Australian Powerball Operators
The US Powerball lottery operators have much larger jackpots as compared to the jackpot’s prizes offered in Australia.
Jackpots prized offered by the US Powerball lottery begins at a massive value of $40 million. However, during the coronavirus pandemic, this prize had been lowered down to half ($20 million).
On the other hand, the Australian Powerball offers jackpot prizes beginning from $1.000.000 to $1.500.000 USD, depending on the AUD to USD conversion rates.
The difference between the jackpot values of the two Powerballs is obvious and quite massive. Occasionally, the US Powerball offers around 40 times the value of Australian jackpots.
Where Is It Easier To Win The Powerball Lottery?
Australian Powerball participants have more chances of winning the jackpot than the US Powerball lottery participants. The Australian participant is two times more likely to win the jackpot than an American participant.
The probability of winning the US Powerball is one in 292 million. Conversely, the chances of winning an Australian Powerball jackpot is around one in 134 million!
The odds of winning the main prize in American Powerball are 1 in 292 million.
The odds of winning the main prize in the Australian Powerball lottery are 1 in 134 million.
Game Format
In the Australian version, the participants must select seven numbers from 35 random balls. In the American version of Powerball, the players must select five numbers from 69 random white balls.
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