Powerball Jackpot Hits Staggering $1.5 Billion, May Break Lottery Record By Saturday's Drawing

The jackpot ranks as the second-largest in Powerball history and third-largest in U.S. lottery history

A rack with cards bettors can use to choose their Powerball numbers at a market in Prospect, Pa., Oct. 28, 2022.
Keith Srakocic/AP

The bad news is that no one won Wednesday night’s huge $1.2 billion Powerball jackpot. The good news is that means the prize has grown even larger to $1.5 billion ahead of the next drawing.

The jackpot ranks as the second-largest in Powerball history and third-largest in U.S. lottery history and could break lottery records by Saturday night amid a flurry of ticket-buying. The largest lottery payout ever was $1.586 billion, split between three winners in California, Florida and Tennessee.

The numbers drawn Wednesday night were: 2, 11, 22, 35, 60 and the red powerball 23.

The $1.5 billion prize is for winners who choose to take their riches through an annuity, paid annually over 29 years. Nearly all winners opt for cash, which is currently estimated at $745.9 million.

Those winnings also would be subject to federal taxes. Many states tax lottery winnings, too.

No one has hit all six numbers since Aug. 3. That's 39 consecutive draws without a jackpot winner. The winless streak is due to the abysmal odds of winning: one in 292.2 million.

The longer the game goes without a grand prize winner, the larger the payout will grow.

The Powerball is played in 45 states, the District of Columbia and Puerto Rico. It costs $2 to play.

Drawings are held each Monday, Wednesday and Saturday at 10:59 p.m. ET.

Top 10 Powerball Jackpots

1. $1.586 Billion – Jan. 13, 2016 – California, Florida, Tennessee

2. $1.5 Million (estimate) – Nov. 5 2022

3. $768.4 Million – March 27, 2019 – Wisconsin

4. $758.7 Million – Aug. 23, 2017 – Massachusetts

5. $731.1 Million – Jan. 20, 2021 – Maryland

6. $699.8 Million – Oct. 4, 2021 – California

7. $687.8 Million – Oct. 27, 2018 – Iowa, New York

8. $632.6 Million – Jan. 5, 2022 – California, Wisconsin

9. $590.5 Million – May 18, 2013 – Florida

10. $587.5 Million – Nov. 28, 2012 – Arizona, Missouri

Think you have a chance at winning the Lottery? Well, you do! But its a very, very small chance. Here are some things that are more likely to happen to you.
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