Everything You Need to Know About Powerball Syndicates
6 min read
Have you ever wanted to improve your chances of winning Powerball? Or have you wanted to play a Powerball Syndicate but weren’t sure what to do? We have you covered with this complete guide to playing Powerball Syndicates and how to win a Powerball Syndicate.
What is a Powerball Syndicate?
A Powerball Syndicate is a group of people who pool their money together to buy a bigger Powerball ticket. By playing Powerball with a group of people, you can afford to buy a bigger Powerball ticket than you would on your own. This can increase your odds of winning Powerball.
How does a Syndicate work in Powerball?
Syndicates work by a group of players sharing the cost of the Syndicate ticket, which means that any prizes won are also shared equally.
A Syndicate consists of 10 shares. Once the 10 shares have been filled, your ticket will be purchased. This means that you don’t need to find 9 other people to join your Syndicate – we do that for you. You’ll be matched with whoever wants to play. And remember, you can buy as many shares as you like. If you hold extra shares in the Syndicate, you get an extra slice of the winnings!
A Syndicate ticket gives you more chances to win, as it allows you access to a bigger ticket for less money. Because you’re playing more games on a larger ticket, you have a higher chance of success.
How a Powerball Syndicate works can be broken down easily:
- Buy a share in a Syndicate ticket online.
- Once the other 9 shares have been filled, you’ll receive an email containing your numbers.
- If your numbers are chosen, every share in the Syndicate will receive an equal share of the winnings.
- Your winnings will be deposited directly into your Oz Lotteries account.
Can I buy a Powerball Syndicate online?
Joining a Powerball Syndicate online is easy. As a group consists of 10 shares, all you need to do is select your preferred Syndicate ticket type, and when the group has filled all 10 shares, your ticket will be purchased.
After you’ve purchased your share, your ticket and numbers will be emailed to you prior to the draw.
We’ve created this handy video to show you exactly what a Syndicate with Oz Lotteries is.
How to check your Powerball Syndicate ticket
All Powerball winners are always contacted by Oz Lotteries.
You don’t need to follow up and check your Powerball Syndicate ticket results. After each game is drawn, Oz Lotteries will notify you via email to let you know if your syndicate has won a prize. If your syndicate has won, Oz Lotteries will divide the prize up equally between all shares. Your winnings will then be deposited straight into your Oz Lotteries account.
Does everyone have the same numbers in a Powerball Syndicate?
A Syndicate ticket is shared between all members of the group, with everyone sharing the same numbers. For this reason, you don’t get to choose your own numbers.
Can I buy more than one share in a Powerball Syndicate?
You can buy up to 10 shares in a Powerball Syndicate. Of course, if you buy all 10 shares, you take all the winnings!
How are prizes distributed in a Powerball Syndicate?
All winnings are always divided up equally among the shares. So the more shares you purchase, the greater your winnings will be if your Syndicate wins. This does not increase your odds of winning Powerball but will instead increase the amount of winnings you receive if your Syndicate is successful.
If your Syndicate wins, Oz Lotteries will notify you via email, and your winnings will be deposited into your Oz Lotteries account.
How do I fill my Syndicate shares?
Because each Powerball Syndicate has 10 shares, after you’ve purchased your share Oz Lotteries will fill your other 9 Syndicate shares for you. Once they are all purchased, you will receive your ticket confirmation in your email. You never have to worry about finding people to buy all 10 shares on Oz Lotteries or organising payments. Oz Lotteries makes everything as streamlined as possible.
If all 10 shares are not filled before the draw close, your share will be automatically cancelled. The funds will then be made available in your Oz Lotteries account.
What Syndicate ticket types are there?
There are four different Powerball Syndicate ticket types:
- System 11
- System 12
- System 13
All of these ticket options will give you better odds of winning for less. You can check out our blog if you’d like to read more about what a PowerHit and System ticket are.
Powerball Syndicate dividends
Powerball Syndicates are made up of 10 equal shares. You can buy 1 share in a Syndicate, or you can buy multiple shares. The more shares you buy, the more money you will win if your Syndicate ticket wins any of the Divisions.
For example, if your Powerball Syndicate ticket wins Division 2, and the Division 2 prize is worth $1,540,000, that money will be divided up equally among the shares. So while a Powerball Syndicate dividend means that you will have to share the prize money with the other shareholders in the Syndicate, your chances of winning with a Syndicate are much higher.
The Division 1 prize is worth 40% of the prize pool. If the Division 1 prize is not won, then the money will be retained for future draws, increasing the amount of the jackpot. You need all 7 winning numbers plus the Powerball to win Division 1. The odds of winning Powerball Division 1, based on 1 standard game, are 134,490,400:1.
The Division 2 prize is equal to 1.1% of the prize pool. This might sound a lot less than the Division 1 prize, but if the total prize pool is worth $140,000,000, then 1.1% of that is still a very comfortable $1,540,000! You need 7 winning numbers, but not the Powerball, to win Division 2.
The Division 3 prize is worth the same amount as Division 2, which is 1.1% of the prize pool. However, you need 6 winning numbers plus the Powerball to win.
The Division 4 prize is worth 2% of the total prize pool. To win this division, you need 6 winning numbers, but you don’t need the Powerball number.
If you select 5 winning numbers plus the Powerball number, you will win the Division 5 prize. The Division 5 prize is equal to 1.5% of the prize pool.
Division 6 is worth 9.7% of the prize pool. You may be wondering why this division has a larger percentage of the prize pool than higher divisions. This is because your odds of winning are higher. This means there is more of a chance that you’ll share the winnings with other lucky players. You need 4 winning numbers plus the Powerball to win Division 6.
If you select 5 of the winning numbers but don’t get the Powerball number, you will be eligible for the Division 7 prize. This prize is worth 7.6% of the total prize pool.
To win Division 8, you need 3 winning numbers plus the Powerball. This Division prize is worth 15% of the total prize pool.
Division 9 has the highest odds of winning. Compared to Division 1, your odds of winning Division 9 are 66:1. To win Division 9, you need 2 winning numbers plus the Powerball. The Division 9 prize is worth 22% of the total prize pool.
Can I play a Powerball Syndicate with my friends online?
You can play a Powerball Syndicate with friends in Oz Lotteries’ Lotto Party. Available on the Oz Lotteries app, Lotto Party lets you control who you want to invite into your Syndicate – all without the hassle of organising and collecting money.
Once you have made your Lotto Party, make sure you secure your share and invite whoever you choose. Each Lotto Party is open until 3 hours before the draw, ensuring plenty of time for everyone to get their copy of the ticket. Any prizes won will be automatically credited to each person’s Oz Lotteries account to withdraw or play.
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Customer support is available to help!
If you’re still a little unsure about Powerball Syndicates, that’s okay! We have an excellent Customer Support team that is here to help. They are available Monday to Saturday between 8:30am to 8:30pm AEDT to help with any questions you have.