The game's long odds of 1 in 292.2 million makes it a rare jackpot.
FILE - A display panel advertises tickets for a Powerball drawing at a convenience store, Nov. 7, 2022, in Renfrew, Pa.DES MOINES, Iowa — The Powerball jackpot climbed to an estimated $975 million after no one matched the six numbers drawn Saturday night, continuing a nearly three-month stretch without a big winner.
The winning numbers drawn were: 12, 13, 33, 50, 52 and the red Powerball 23. Though no one won the jackpot Saturday, four tickets matched five of the numbers to win $1 million each. Those tickets were sold in Illinois, Louisiana, Michigan and Pennsylvania. No one has won Powerball’s top prize since New Year’s Day when a ticket in Michigan hit for $842.4 million, bringing the number of consecutive drawings without a jackpot winner to 38. That winless streak nears the record of 41 consecutive drawings, set twice in 2022 and 2021.
The $975 million prize is for a sole winner who chooses an annuity paid over 30 years. A winner opting for cash would be paid $471.7 million. The prizes would be subject to federal taxes, and many states also tax lottery winnings.As the prizes grow, the drawings attract more ticket sales and the jackpots subsequently become harder to hit. The game’s long odds for Saturday’s drawing were 1 in 292.2 million.
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Powerball Jackpot Jumps Past $900 Million—Here’s What The Winner Could Take Home After TaxesI am a Breaking News Reporter at Forbes, with a focus on covering important tech policy and business news. Graduated from Columbia University with an MA in Business and Economics Journalism in 2019. Worked as a journalist in New Delhi, India from 2014 to 2018.
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