This also allowed the introduction of an 8th prize Division (two main numbers plus the Powerball).

[2] Other changes include an increase of 10c per play, and the introduction of an option (QuickHit40) which will "wheel" the 40 Powerballs although not guaranteeing a prize.

The current Powerball format was introduced on 19 April 2018, using two Smartplay Halogen II draw machines with the intention of offering bigger jackpots and creating more overall winners.

On 1 March 2007, the Division 1 pool was $33 million; it was the largest Australian lottery prize won.

On 11 January 2018, the Division 1 pool was $55 million, won by a single ticket in the Melbourne town of Brunswick.

The prize went unclaimed for almost six months but was finally claimed anonymously just seven days before it was set to be transferred to the Victorian State Revenue Office.

On 17 January 2019, a single person from Sydney won $107 million, making it the largest individual lottery win in Australian history.