The figures are in for the Powerball lottery jackpot for Wednesday, July 5, valued at an estimated $546 million with a $282.0 million cash option.
The winning numbers drawn on Wednesday July 5th were 17, 24, 48, 62, 68; The Powerball was 23. The Power Play, a bonus multiplier for some out-of-state ticket holders, was 2X.
On Wednesday, no one knew the winning numbers and the next drawing was moved to Saturday, July 8th, taking the jackpot to a whopping $590 million with a cash value of $304.8 million.
On November 7, 2022, people queued to play Powerball lottery at a 7-Eleven store in Milpitas, California, United States. (Tayfun Coskun/Anadolu Agency via Getty Images / Getty Images)
There was also no grand prize winner in Monday’s Powerball drawing as a winning ticket did not match all six numbers, increasing the jackpot. According to a Powerball press release, Wednesday’s estimated $546 million jackpot would be worth $282 million in cash if paid out as a lump sum.
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The last Powerball jackpot was won on April 19 when a ticket in Ohio matched all five white balls and the red Powerball to win a $252.6 million prize.
The Powerball jackpot hit an estimated jackpot of $546 million on Wednesday, July 5, 2023. (Lokman Vural Elibol/Anadolu Agency via Getty Images / Getty Images)
Since then there have been 32 consecutive draws without a jackpot winner.
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If a player wins the Powerball jackpot on Wednesday night, they’ll have a choice of an estimated $546 million in annual winnings or a $282 million lump sum.
Scratch games for sale with PowerBall tickets at Best Beer, Wine and Deli in Gaithersburg, Maryland. (Samuel Corum/Anadolu Agency/Getty Images / Getty Images)
The probability of hitting the grand prize jackpot is 1 in 292.2 million.
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Powerball tickets are $2 per game. Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the US Virgin Islands. The deadline for purchasing tickets is 9:45 p.m. on draw evenings.