Expected Value of Powerball's Non-Jackpot Prizes
Prize | Post-Tax Prize | Odds of Winning |
Post-Tax Expected Value |
$1,000,000 | $590,000. | 1:11,238,513 | $0.0525 |
$50,000 | $29,500. | 1:913,129 | $0.0323 |
$100 | $59. | 1:36,525 | $0.0016 |
$100 | $59. | 1:14,494 | $0.0041 |
$7 | $4.13 | 1:580 | $0.0071 |
$7 | $4.13 | 1:701 | $0.0059 |
$4 | $2.36 | 1:91 | $0.0259 |
$4 | $2.36 | 1:38 | $0.0616 |
Total | $0.191 |