Kellye Johns
Oct 09, 2023 - 04:48

Saturday's winning Powerball numbers: $1.4 billion jackpot ranks third in game history

$1.4 billion Powerball jackpot up for grabs after 33 consecutive drawings without a winner. Odds of winning are one in 292.2 million.

The Powerball lottery has reached a staggering jackpot of $1.4 billion, making it the third-highest in the game's history. The winning numbers for the draw on Saturday, October 7th, were 47, 54, 57, 60, and 65, with a Powerball number of 19. Additionally, the Power Play multiplier for most tickets sold across the nation was 3x.

It has been nearly three months since a single ticket matched all six numbers in the Powerball lottery, resulting in the jackpot continuously growing after 33 consecutive drawings without a grand-prize winner. The last time all six numbers were matched was on July 19th when a ticket worth $1.08 billion was sold in Los Angeles. In the most recent drawing, two tickets in California matched five numbers without the Powerball, winning $1.2 million each. These tickets were sold in Elk Grove and Vacaville.

The odds of hitting the grand prize jackpot are incredibly slim, with a one in 292.2 million chance of winning. However, the odds for the lowest prize of $4 for matching the red Powerball are slightly higher at one in 38.32.

If the lucky numbers are matched, the estimated $1.4 billion jackpot will be worth $643.7 million in cash if taken as a lump sum. However, it is important to note that this lump sum will be reduced after taxes. Lottery officials withhold 25% of the winnings, and the winner is responsible for paying the rest to the IRS. Additionally, most states also tax lottery winnings, although 15 states, including California, Florida, and Texas, do not.

If no one wins the jackpot in the upcoming drawing on Monday, the prize will continue to increase. However, it is unlikely to surpass the all-time record jackpot of $2.2 billion, which was won in November 2022 by a ticket purchased from a gas station in Pasadena. The second-highest jackpot in Powerball history was for a January 2016 drawing, where three tickets in California, Florida, and Tennessee split the prize of $1.586 billion.

While the current jackpot is astronomical, it is only the fourth-highest in U.S. history. Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.