Saturday's winning Powerball numbers for $1.6 billion jackpot - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 6, 2022 Newswires
Share
Share
Post
Email

Saturday's winning Powerball numbers for $1.6 billion jackpot

NBC - 4 WCMH (Columbus, OH)

COLUMBUS, Ohio (WCMH) — Saturday's record Powerball jackpot reached an estimated $1.6 billion, making it the largest lottery prize in U.S. history.

The winning numbers drawn Saturday are 28, 45, 53, 56, and 69. The Powerball is 20 and the Power Play is 3X.

The cash option for Saturday's jackpot could net the winning ticket (or tickets) $782.4 million — split evenly if there are multiple winning tickets. If the winners choose to take the full jackpot, the money would be paid out in 30 payments over 29 years, with a 5% annual increase every year until the final payment — again, divide evenly among winning the winning tickets.

Saturday's jackpot is the largest lottery prize in U.S. history. Until this drawing, the biggest prize was a $1.586 billion Powerball jackpot won by three ticketholders in 2016.

The five largest Powerball jackpots are:

1. $1.6 billion (estimated), Nov. 5, 2022

2. $1.586 billion, Jan. 13, 2016 (three tickets, from California, Florida, and Tennessee)

3. $768.4 million: March 27, 2019 (one ticket, from Wisconsin)

4. $758.7 million, Aug. 23, 2017 (one ticket, from Massachusetts)

5. $731.1 million, Jan. 20, 2021 (one ticket, from Maryland)

No one has won the Powerball jackpot since Aug. 3 when a winning ticket for $206.9 million was sold in Pennsylvania. On Wednesday, for the 39th time, no ticket matched the winning numbers. According to the Powerball website, should no one match Saturday's numbers and win the jackpot, it will tie a record for the number of drawings (40) without a winner. The longest streak ended on Oct. 4, 2021, with a winning ticket in California claiming $699.8 million on the 41st drawing.

Powerball offers several other prizes aside from the jackpot. Tickets that match only the Powerball are worth $4, but if a player plays the 10X Power Play, that turns into $40. A ticket that matches all five numbers, but misses the Powerball, is worth $1 million, but Power Plays could multiply that.

The winning numbers drawn Wednesday were 02, 11, 22, 35, and 60, the Powerball 23, and the Power Play was 2X. While no one won the big money, 16 tickets matched the five winning numbers, netting $1 million each, and were sold in Arizona, California (2 tickets), Colorado, Georgia (2 tickets), Maryland (2 tickets), Minnesota, North Carolina, New Jersey (2 tickets), New York, Oregon, Texas, and Virginia. Three tickets, one each in Arkansas, Montana, and New Jersey, matched the five winning numbers and the Power Play, doubling the prize to $2 million.

According to the Powerball website, an estimated 7,250,620 tickets won at least one prize in Wednesday's drawing for a total of $74.94 million paid out.

Powerball tickets cost $2 a play, plus $1 for the Power Play multiplier.

On its website, Powerball said players have a 1 in 24.9 chance of winning at least one prize, and those odds stay the same no matter what the jackpot. The odds of winning the big prize are a bit lower: 1 in 292,201,338.

Winners of the big jackpot have 60 days after the date of ticket verification to decide if they want to take the annuity or the cash payout.

Powerball is played in 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. The first Powerball drawing was held on April 19, 1992.

The Associated Press contributed to this story.

Close Modal

Suggest a Correction

Suggest a Correction

Older

Dentists, insurers weigh in on Question 2

Newer

Russell Laffitte heads to federal court on charges in the first Murdaugh-related trial

Advisor News

  • CT governor’s candidates claims: What’s true, and what’s misleading
  • Retaining clients by giving them a memorable experience
  • Addressing the longevity paradox
  • Employers shift focus from retirement access to financial outcomes
  • Helping widowed clients navigate their new financial reality
More Advisor News

Annuity News

  • National Life Group expands annuity portfolio
  • AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
  • USAA Earns No. 1 Ranking in JD Power Individual Annuity Study for the Third Consecutive Year
  • How flexible annuities fit today’s retirement portfolios
  • Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
More Annuity News

Health/Employee Benefits News

  • Wyman remembered as trailblazer, mentor
  • Reports Outline OBGYN and Reproduction Study Findings from Health Care Cost Institute (Hospital Bypass Among Rural Obstetric Patients With Commercial Health Insurance): OBGYN and Reproduction
  • Madison Faces Higher Library and Health Insurance Costs as Officials Look Ahead to 2027 Budget
  • The percentage of people without health insurance is growing
  • MORE THAN 4 MILLION MEDICARE BENEFICIARIES WILL HAVE THEIR MEDICARE ADVANTAGE OR STAND-ALONE PRESCRIPTION DRUG PLAN TERMINATED AT THE END OF 2026
More Health/Employee Benefits News

Life Insurance News

  • Palmetto Heritage and Atlantic Coast Life Announce Discussions Regarding Potential Acquisition
  • Jury finds insurance company acted in bad faith, awards Nebraska woman $11.3M
  • AM Best Affirms Credit Ratings of GIG Insurance – Egypt S.A.E.
  • Symetra Named to Fortune Best Workplaces For Women™ List for Fifth Consecutive Year
  • AM Best to Join Life/Annuity Insurance-Focused Panel Discussion at Capitol Forum Event
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.