Looking to cash in on the Powerball lottery? What Canadians need to know

Looking to get really, really rich, quick? You may want to consider purchasing a ticket for Saturday's record-breaking Powerball draw, with an estimated US$800 million up for grabs in the American lottery.

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In Canadian dollars, that could mean a jackpot total of more than $1 billion.

Here's what Canadians need to know about the jackpot draw set for Saturday.

A non-resident can win Powerball

If you legally purchase a Powerball ticket, then you can collect your prize, regardless of whether you're an American citizen or not.

Rules around buying Powerball tickets online

According to the lottery's website, Powerball tickets can only legally be purchased from a licensed retailer. Powerball is played in 44 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands. A lottery can also legally sell tickets online, but only to "persons within its own state."

The lottery warns against using websites that offer to buy and hold tickets for a service fee.

Your chances of winning the jackpot are really, really low

The odds of winning the jackpot are one in 292.2 million. By comparison, your odds of being struck by lightning are closer to one in a million.

You have until Saturday night to buy a ticket

The draw will be held at 10:59 p.m. ET on Saturday. Sales cut-off times from state to state -- from one hour to two hours before the draw.


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