The Powerball numbers were drawn Saturday night for an estimated $1 billion jackpot, with a cash option of approximately $453.1 million. The winning numbers are 3, 18, 22, 27, and 33, with the Powerball number being 17. The Power Play multiplier was 3x.
No one has matched all six numbers since May 31, which has allowed the jackpot to grow to this significant amount. This prize is now the sixth-largest in Powerball history. As ticket sales surged, officials increased the jackpot estimate from $950 million to $1 billion just before the drawing.
Winners have the choice of receiving their prize as an annuity, which is paid out in 30 installments over 29 years, or opting for a lump sum payment. Both options are subject to federal and state taxes.
The odds of winning the Powerball jackpot are extremely low, at 1 in 292.2 million. To put this in perspective, those odds are worse than flipping a coin and getting heads 28 times in a row, according to Andrew Swift, a mathematics professor at the University of Nebraska-Omaha. However, the overall odds of winning any prize in the game are slightly better, at 1 in 24.9.
Powerball tickets cost $2 and are available in 45 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands. Drawings occur three times a week on Monday, Wednesday, and Saturday nights. The deadline to purchase tickets is 9:45 p.m. on drawing days.