When you get 2 numbers plus the Powerball correct on any Powerball drawing, you will win $7, which is the same prize as for getting 3 numbers without the Powerball right. This is a fixed prize amount that doesn't change regardless of Jackpot size and number of tickets sold. The odds of getting 2 numbers plus the Powerball right are approximately 1 in 706, while the odds of getting 3 numbers right without the Powerball are approximately 1 in 360. The odds of winning any prize at all are about 1 in 32.
For 1 number plus the Powerball right or for just having the Powerball right itself, you win $4. For 3 numbers plus the Powerball you win $100, while $100 is also given for four numbers with no Powerball. Four numbers plus the Powerball wins $10,000, while 5 numbers with no Powerball wins $1,000,000.
The Jackpot, which varies based on how many people enter each drawing, is won when a person picks all 5 numbers and the Powerball correctly. It's very difficult to win, because the odds of hitting the Powerball Jackpot are 1 in 175,223,510. It's much less likely than being struck by lightning, being attacked by a shark, or scoring two consecutive holes in one on two par-3 golf holes.
Two winners have been confirmed for the November 28, 2012 Powerball drawing, which is now the largest Powerball jackpot in history. The Hill family of Dearborn, Missouri and an unknown winner from Arizona will be splitting the $579.9 million jackpot, which has a cash value of $379.8 million before taxes. The largest lottery jackpot ever was the $656 million Mega Millions jackpot that was won by three people in March 2012.