$638.8 Million Powerball Jackpot Comes With Annuity Option

More than half a billion dollars is up for grabs Saturday night in the Powerball, making the drawing the 7th-largest jackpot in U.S. lottery history.

The winning numbers for Saturday night are 24, 25, 52, 60, 66. The Powerball number is 5. No winner was selected Wednesday, helping to boost the Powerball jackpot to $638.8 million.

In 2016, Americans spent more than $72 billion on lottery tickets, according to the United States Census Bureau. The average American spends roughly $220 on lottery tickets yearly.

The jackpot may be claimed as about $390 million before federal taxes as an annuity paid out over 29 years, or winners can choose the lump-sum option, which would come out to nearly $470 million after federal withholding. California is one of 10 states to exempt state income tax on lottery winnings.

This is the 4th-largest Powerball jackpot, and about a third the size of the largest lottery prize of all time, a $1.5 billion Powerball that was won by three tickets on Jan. 13, 2016.

If you've won less than $600, you can turn in your winning ticket at a lottery retailer in exchange for cash, according to Mega Millions' website.

If you've won over $600, download a claim form from the California Lottery and deliver it to any lottery district office or mail it to 730 N. 10th St., Sacramento, CA 95811.

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