Powerball Jackpot Reaches $1.6 Billion, Fifth Largest in U.S. History

The Powerball jackpot has climbed to an estimated $1.6 billion after no ticket matched all six numbers in Saturday's drawing. The winning numbers were white balls 4, 5, 28, 52, 69, and red Powerball 20. This marks the fifth-largest lottery prize in U.S. history.

The odds of winning the jackpot are 1 in 292.2 million. The winner can choose between a lump-sum payment of approximately $735.3 million or an annuitized prize of $1.6 billion, both before taxes. The annuity option consists of one immediate payment followed by 29 annual payments that increase by 5% each year.

Powerball is available in 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. It is managed by the Multi-State Lottery Association, a nonprofit entity comprising state lotteries. Proceeds from ticket sales support public education and other state-funded services.