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Powerball is an American lottery game sold in 44 jurisdictions as a shared jackpot game. It is coordinated by the Multi-State Lottery Association (MUSL), a non-profit organization formed by an agreement with lotteries. As of its latest format change on January 15, 2012, Powerball's minimum advertised jackpot is $40 million (annuity) with a potential of nine-figure prizes. Its annuity option is paid in 30 graduated installments; winners may choose cash instead. Powerball drawings are held Wednesdays and Saturdays at 10:59 p.m. Eastern time. The game uses a 5/59 (white balls) + 1/35 (Powerballs) matrix from which winning numbers are chosen.

Powerball games had always cost players $1; a game with the Power Play option, added in 2001, cost $2. As of the January 15, 2012 format change, each selection of six numbers costs $2; with Power Play, $3.

The official cutoff time for ticket sales is 10 pm ET; some jurisdictions cut sales earlier. The drawings usually are held at the Florida Lottery’s high-tech studio in Tallahassee. Before, the drawings were held at Universal Studios in Orlando (prior to 2009, its drawings usually were held in Iowa.) On the night of each drawing, there are 6 prerecorded draws: four "test" drawings, then the actual drawing, followed by a "post test" draw. Some drawings were held away from headquarters to promote the game's expansion to a new jurisdiction. The results of drawings are not official until they are audited by the accounting firm Harvey, Covington & Thomas, LLC

Powerball, on February 18, 2006, produced the third-largest prize awarded for one set of numbers drawn in a US lottery game. The prize was $364 million; the eight people sharing the ticket chose the cash option, splitting $177,270,519.67 before withholdings. (Mega Millions produced the two biggest jackpots in American history.)