Powerball jackpot has surged to a staggering $1.4 billion after Wednesday's draw failed to produce a winner, making Saturday's drawing the third largest jackpot in Powerball history and adding to the excitement.
The winning numbers were drawn just after 11 p.m. ET and we have the results below.
If someone wins Saturday's drawing, they will have the cash option of $614.0 million.
There haven't been any Powerball grand prize winners since a single ticket sold in Los Angeles claimed a $1.08 billion pot of gold on July 19. Wednesday night's drawing was the 33rd since then.
This marks the first time in Powerball history that two back-to-back jackpots have reached the billion-dollar mark, according to Powerball officials.
Los Angeles area.
There haven't been any Powerball grand prize winners since a single ticket sold in Los Angeles claimed a $1.08 billion pot of gold on July 19. Wednesday night's drawing was the 33rd since then.
This marks the first time in Powerball history that two back-to-back jackpots have reached the billion-dollar mark, according to Powerball officials.
The biggest jackpot in both Powerball and U.S. lottery history was $2.04 billion, which was won in November 2022 by a man also in the Los Angeles area.
he odds of winning the jackpot are one in 292.2 million.
Columbia, Puerto Rico and the U.S. Virgin Islands. Drawings take place Monday, Wednesday and Saturday at 11 p.m. Eastern.
Billion-dollar lottery jackpots have become more common in recent years as both Powerball and Mega Millions have raised ticket prices and lowered the odds of winning the jackpot. According to the Washington Post, in 2015 Powerball lowered the odds of winning from 1 in 175.2 million, to where it currently stands at 1 in 292.2 million.
The annuity option is paid out over time. There is an immediate payment and then 29 annual payments after that, increasing by 5% each year.
The cash option is significantly lower than the advertised jackpot, but it is paid in a lump sum. You don't have to wait decades for all the money.
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