By Mark Maley
Powerball results were watched closely Wednesday when the jackpot was $363 million. After no one picked all six winning numbers, the new Powerball prize for the Saturday, May 18, drawing is now $600 million, which makes it the highest Powerball jackpot ever — and the second-highest U.S. lottery jackpot.
Powerball By the Numbers:
- $600 Million: Estimated jackpot
- $376.9 Million: The amount a winner would receive if they chose a lump sum rather than a 30-year payment
- $94.2 Million: Estimated federal taxes on the lump sum
- 1 in 175,223, 510: Chances of winning Saturday’s jackpot
Return here Saturday night to see the winning numbers
The one-time cash payout is estimated at $376.9 million. Tickets are $2 and the game is played in California and 42 other states, including Florida, Texas and New York. You can search for a local retailer here.
Until Saturday, the largest Powerball jackpot was $587.5 million and was won on Nov. 28, 2012, in Arizona and Missouri.
Wonder what happens to the folks who hit it big? Browse the Huffington Post’s collection of lottery winners’ stories.
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