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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.
The lump sum cash value for Saturday’s Powerball jackpot was $316 million. This is the option chosen by most winners instead of the total amount paid out as an annuity.
Players can also win $1 million, or $2 million if they select the Power Play option, by matching all five main 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 participant matches all five numbers plus the Powerball, they can opt for the entire jackpot disbursed over 30 years or choose a reduced cash sum. Nearly all winners prefer 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 hitting the Powerball jackpot stand at one in 292.2 million. The chances of matching all five white balls for the $1 million prize are 1 in 11,688,053. Overall, the chances of winning any prize are 1 in 24.87.
When is the Powerball drawing?
The Powerball drawing occurs live at 10:59 p.m. ET every Monday, Wednesday, and Saturday. Tickets cost $2 per play and are available 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