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The odds of winning the Powerball jackpot are one in 292.2 million.
WASHINGTON — It’s once again time to check your Powerball tickets to see if you won the jackpot now $700 million jackpot.
Saturday’s Powerball jackpot had a lump sum cash value of $316 million. That’s the option most winners take, as opposed to the full value paid out as an annuity.
Players also have a chance to win $1 million, or $2 million with the Power Play option, if they match all five regular numbers without the Powerball.
Winning Powerball Numbers for Wednesday, Aug. 23
Saturday’s winning numbers were 11-14-34-47-51 with a red Powerball number 18. The Power Play multiplier was 2x.
If a winner matches all five numbers and the Powerball, they have the option to take the full jackpot paid out over 30 years, or a smaller cash payout. Winners almost always take the cash option.
Even with the smaller lump sum payout, federal taxes will eat into those winnings, and some states also tax big lottery prizes.
What are the odds of winning the Powerball?
The odds of winning the Powerball jackpot are one in 292.2 million. The odds of matching all five white balls and winning the $1 million prize are 1 in 11,688,053. The overall odds of winning a prize are 1 in 24.87.
When is the Powerball drawing?
The Powerball drawing takes place live at 10:59 p.m. ET every Monday, Wednesday and Saturday. Tickets, which cost $2 per play, are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
What are the largest Powerball jackpots?
While the eye-popping $700 million jackpot is certainly life-changing money, it still wouldn’t crack the top 10 largest Powerball wins.
- $2.04 Billion – Nov. 7, 2022 – CA
- $1.765 Billion – Oct. 11, 2023 – CA
- $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
- $1.326 Billion – April 6, 2024 – OR
- $1.08 Billion – July 19, 2023 – CA
- $842.4 Million – January 1, 2024 – MI
- $768.4 Million – March 27, 2019 – WI
- $758.7 Million – Aug. 23, 2017 – MA
- $754.6 Million – Feb. 6, 2023 – WA
- $731.1 Million – Jan. 20, 2021 – MD