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It’s that time again. Lottery players are checking their tickets after Wednesday night’s Powerball drawing.
An estimated $653 million jackpot, with a cash option of $350.5 million, is up for grabs Wednesday. No one has won Powerball’s top prize since Nov. 19, according to the lottery game, causing the jackpot to grow bigger and bigger in recent months.
The chances of winning a Powerball jackpot are extremely slim, with odds standing at about 1 in 292.2 million.
If someone finally wins the jackpot on Wednesday, the estimated $653 million would only be distributed if a winner selects an annuity option paid gradually over 29 years. Most jackpot winners opt for the cash option – and the final amount taken home depends on state and federal taxes.
How much will a lottery winner get after taxes? Jackpot shrinks quite a bit.
Watch:If you ever hit a lottery jackpot, take these steps after winning
Here are Wednesday’s winning numbers.Powerball winning numbers: 2/1/23
The winning numbers for Wednesday night’s drawing are 31, 43, 58, 59, 66, and the Powerball is 9. The Power Play was 2X.What are my chances of winning Powerball?
While many lottery players may be tempted by Wednesday’s estimated $653 million jackpot, it’s important to note that the odds of winning Powerball’s grand prize are incredibly slim.
