Finally, when the jackpot exceeds $250 million, at least 60 percent is allocated to the top prize and eight percent to the reserve fund. When the jackpot is more than $120 million but less than or equal to $250 million, 64 percent of the prize fund is allocated to the jackpot and four percent to the prize reserve. When the annuitized jackpot is worth $120 million or less, 68 percent of the prize fund is allocated to the jackpot and nothing is allocated to the prize fund. The percentage allocated to the jackpot and the prize reserve changes depending on the size of the jackpot for the previous draw. The table below shows how the total prize pool is split: Prize Category As a result, the prize amounts may differ to those awarded in other states.
State law dictates that CA Powerball prizes must all be calculated on a pari-mutuel basis, meaning that they depend on how many tickets are sold and how many winners there are.
