Saturday's winning Powerball numbers for $1.4 billion - Third-highest jackpot for game.
$1.4 billion Powerball jackpot up for grabs, with no winner for three months. Odds of winning are one in 292.2 million.
The Powerball jackpot is reaching an astonishing amount of $1.4 billion, making it the third-highest jackpot in Powerball history. The winning numbers for this massive jackpot were drawn on Saturday night, October 7th, and they are 47, 54, 57, 60, and 65, with the Powerball number being 19. Additionally, there was a Power Play bonus multiplier of 3x for most tickets sold across the nation.
It has been almost three months since a single ticket matched all six numbers in the multistate lottery, resulting in the jackpot 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 sold in Los Angeles won a staggering $1.08 billion. In the most recent drawing, two tickets in California matched five numbers without the Powerball, earning $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. On the other hand, the odds of winning the lowest prize of $4 by matching the red Powerball are one in 38.32.
If the lucky winner chooses to take the $1.4 billion jackpot as a lump sum, it would be worth an estimated $643.7 million in cash. However, it's important to note that this lump sum amount would be reduced after taxes. Lottery officials typically withhold 25% of the winnings, and the winner is responsible for paying the remaining taxes to the IRS. While most states also tax lottery winnings, it's worth mentioning that 15 states, including California, Florida, and Texas, do not impose state taxes on lottery winnings.
In the event that someone's ticket matches the winning numbers, the jackpot for the next drawing, which will take place on Monday, will reset to $20 million. If no one wins, the jackpot will continue to increase, although 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 from California, Florida, and Tennessee split the prize of $1.586 billion.
While Saturday's jackpot is undeniably astronomical, it is actually only the fourth-highest jackpot in the history of U.S. lotteries. Powerball is a widely played game across 45 states, as well as in Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.