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Mega Millions Joins Powerball® In Iowa's Line-up Of
Big-Jackpot Games
DES MOINES, Iowa – Beginning Sunday, Iowa Lottery players will
be able to buy tickets in both of the country's premier
big-jackpot games when Mega Millions joins Powerball in the
line-up of lotto games sold in Iowa.
"Players have been asking for the chance to play both Powerball
and Mega Millions," said Iowa Lottery CEO Terry Rich. "We're
excited that Iowa players will now have the chance to play for
even more big lotto prizes. We think the change will be
popular."
Powerball and Mega Millions are both lotto games with jackpot
prizes that have climbed into the hundreds of millions of
dollars. But to date, the games have been sold in separate
jurisdictions. Powerball is currently sold in 30 states
including Iowa, the District of Columbia and the U.S. Virgin
Islands; while Mega Millions is sold in 12 other states,
including Illinois.
An agreement among U.S. lottery directors to allow cross-selling
of the games was reached in October after several studies and
feedback from lottery players across the United States. The
agreement also called for the development and implementation of
a national lotto game for all U.S. lotteries.
Allowing lotteries to sell both Powerball and Mega Millions and
implement a national lotto game should create more winners and
result in increased proceeds for the good causes benefitted by
lotteries, Rich said.
"We've listened to our players and we're determined to deliver
what they want," Rich said. "We believe these new games can
offer entertainment for Iowa players and help for the state of
Iowa during these tough economic times."
Iowa and many other U.S. lotteries will begin selling Powerball
and Mega Millions on Sunday, but others will not take that step
until later. Tuesday's Mega Millions drawing is the first that
will include tickets purchased in Iowa. Details of the national
lotto game are still being developed.
COMPARISON OF POWERBALL AND MEGA MILLIONS
POWERBALL: The jackpot starts at $20 million and grows until
it's won. Players in the game choose five numbers from a pool of
59 and another number – the Powerball – from a separate pool of
39. If you match all six numbers, you win the jackpot. Tickets
in the game cost $1 and drawings are at 9:59 p.m. on Wednesdays
and Saturdays.
For an extra $1 per play, Powerball players can add the Power
Play® option to their tickets, which can multiply their prizes
(except the jackpot) by up to five times. And, for those players
who choose the Power Play and match the five white balls
(regularly a $200,000 prize), the multiplier will always be 5,
so those players win an instant $1 million.
MEGA MILLIONS: The jackpot starts at $12 million and grows until
it's won. Players in the game choose five numbers from a pool of
56 and another number – the Mega Ball® -- from a separate pool
of 46 numbers. If you match all six numbers, you win the
jackpot. Tickets in the game cost $1 and drawings are at 10 p.m.
on Tuesdays and Fridays.
Mega Millions also has a multiplier feature called the Megaplier®.
For an extra $1 per play, Mega Millions players can add the
Megaplier option to their tickets, which can multiply their
prizes (except the jackpot) by up to four times.
JACKPOTS: Jackpot winners in both games can choose to receive
their prize in a one-time, lump-sum payment or in annuitized
payments over time. Powerball jackpot winners who choose the
annuity option receive their prize in payments over 29 years.
Mega Millions jackpot winners who choose the annuity option
receive their prize in payments over 25 years.
The largest Powerball jackpot to date was a $365 million prize
won in February 2006. It was split by a group of eight
co-workers at a Nebraska meat-packing plant. The largest Mega
Millions jackpot thus far was a $390 million prize split in
March 2007 by two tickets purchased in Georgia and New Jersey.
The Iowa Lottery has had six Powerball jackpot winners. The
largest Powerball jackpot won in Iowa was a $200.8 million prize
claimed in October 2006 by Tim and Kellie Guderian, a Fort Dodge
couple. |