Powerball is one of the most played American Lottery games that is offered in over 44 states, Puerto Rico, U.S. Virgin Islands and the District of Columbia. The Powerball jackpot game is coordinated by Multi-State Lottery Association. The minimum jackpot of Powerball is $40 million! If the winner chooses the “Annuity Option”, the jackpot prize gets credited in 30 graduated instalments. Each instalment keeps increasing at the rate of 4% each year! The winner can also claim the prize in one go using the “One Time Option”.