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Feeling lucky? The winning numbers for Powerball's highly-anticipated $1 billion jackpot were drawn on December 13. The cash value is $457.7 million.
Powerball released the winning numbers on Satruday night, which were the following:
The winning numbers are: 58 28, 31, 1, 57. The Powerball number was 16, and the Power Play was 2x
As of 8 p.m., officials did not say if the jackpot winner had been identified.
Say, if you don't win the top prize, don't throw away your tickets just yet. Lottery players with multiple matching numbers can score a decent consolation prize. For example, a ticket with five matching numbers for Mega Millions – which is worth $2 million – was sold in Cathedral City during the Mar. 5 drawing.
PREVIOUS COVERAGE: Mega Millions ticket worth $2 million sold in California
How much do you win after taxes?
There are 1 billion reasons to dream, especially what you would do with the jackpot money. However, one thing all lottery winners have to take into account is the fact that their prizes will be taxed.
So, how much do you really get after taxes?
It depends on a couple of factors: do you have to pay state taxes where you live? Will you take the lump sum payment or the annuity payout?
According to Powerball's website, those electing to take the annuity option are guaranteed to get 30 gradual payments over a 29-year period.
RELATED: Powerball payout calculator: How much would you get after taxes if you won?
What are the odds of winning?
Big picture view:
The game's terrible odds of 1 in 292.2 million are designed to generate big jackpots and ever-larger prizes. There are three drawings each week.
The largest jackpot on record, $2.04 billion, was drawn in 2022 and went to a California ticket buyer.
The Source: The information in the story is drawn primarily from official Powerball communications, This story was reported from Los Angeles.