The Powerball jackpot evaded players Wednesday night, after no ticket matched all six number drawn. The jackpot now stands at an estimated $1.4 billion for the next drawing on Saturday night. The jackpot has a cash value of $643.7 million.
According to the lottery, Saturday’s estimated jackpot ranks as the third largest in the Powerball game and fifth largest among U.S. lottery jackpots.
The upcoming Powerball drawing on Saturday will be 34th drawing in the jackpot run, and the first time in Powerball history that back-to-back jackpot cycles have generated billion-dollar grand prizes. The Powerball jackpot was previously won on July 19, when a ticket in California won a jackpot worth $1.08 billion.
If a player wins the jackpot on Saturday night, they will have the choice between an annuitized prize worth an estimated $1.4 billion or a lump sum payment estimated at $643.7 million. Both prize options are before taxes. If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year.
The Powerball drawing on Wednesday night produced more than 3.2 million winning tickets across the country, including seven tickets (CA-2, CO, NY, PA, TX-2) that matched all five white balls to win $1 million prizes. Three tickets (KY, PA, TX) matched all five white balls and increased the $1 million prize to $2 million by including the Power Play feature for an additional $1 per play. Other big wins include 81 tickets that won $50,000 prizes and 13 tickets that won $100,000 prizes.
The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.
Top 10 Powerball Jackpots
- $2.04 Billion – Nov. 7, 2022 – CA
- $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
- $1.4 Billion (est.) – Oct. 7, 2023
- $1.08 Billion – July 19, 2023 – CA
- $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
- $699.8 Million – Oct. 4, 2021 – CA
- $687.8 Million – Oct. 27, 2018 – IA, NY