The probability of winning the jackpot is miserable at 292.2 million.
WASHINGTON — The near-record Powerball jackpot rose to an estimated $825 million ahead of Saturday night’s drawing.
Saturday’s winning numbers were 19-31-40-46-57, Powerball: 23, Powerplay: 3
The $825 million Powerball jackpot belongs to the game second-largest award of all time and the fifth largest in US history. There hasn’t been a grand prize winner since August 3rd – that’s 36 consecutive draws without a big winner.
The chances of winning the jackpot are one miserable one of 292.2 million. The long odds are designed to limit jackpot winners, which in turn increases the top prize.
If there is no winner, the next draw could have an even bigger prize.
Jackpot winners who choose to take their wealth through an annuity paid annually over 29 years. Almost all of the winners opt for cash, which would be an estimated $410.2 million for Saturday’s draw.
These gains would also be subject to federal taxes. Many states also tax lottery winnings.
Powerball is played in 45 states, as well as in Washington, DC, Puerto Rico and the US Virgin Islands.
Powerball holds the world record for the largest jackpot with a whopping $1.586 billion prize won in 2016. This award was shared by winners in Tennessee, Florida and California.
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Top 10 Biggest US Lottery Jackpots
- $1.586 billion, Powerball, January 13, 2016 (three tickets, from California, Florida, Tennessee)
- $1.537 billion, Mega Millions, October 23, 2018 (one ticket from South Carolina)
- $1.337 billion, Mega Millions, July 29, 2022 (one ticket, from Illinois)
- $1.05 billion, Mega Millions, January 22, 2021 (one ticket from Michigan)
- $825 million (est.) Powerball, October 29, 2022
- $768.4 million, Powerball, March 27, 2019 (one ticket from Wisconsin)
- $758.7 million, Powerball, August 23, 2017 (one ticket from Massachusetts)
- $731.1 million, Powerball, January 20, 2021 (one ticket from Maryland)
- $687.8 million, Powerball, October 27, 2018 (two tickets from Iowa and New York)
- $656 million, Mega Millions, March 30, 2012 (three tickets, from Kansas, Illinois and Maryland)
Powerball jackpot winners have the option of receiving an annuity payment paid over 29 years or a lump sum payment. There have been five Powerball jackpot winners so far in 2022.
RELATED: Winners of $1.3 billion Mega Millions jackpot claim prize
https://www.kvue.com/article/news/nation-world/powerball-winning-numbers-oct-29/507-6fcf9b2d-9673-4929-9600-4df8be5ff658 Powerball winning numbers for 10/29/22