The winning numbers for Saturday’s Powerball will be drawn Saturday night at 10:59 p.m. ET, with an estimated jackpot of $1.5 billion. This story will be updated with the winning numbers. Saturday’s drawing will mark the 45th since the last jackpot was won on Sept. 6, the most drawings in a single jackpot cycle since Powerball began in 1992. The previous record was 42 drawings. There were no jackpot winners in Wednesday’s drawing, but two tickets sold in Arizona and Massachusetts won $2 million each by matching five numbers with the Power Play. Six tickets matched five numbers to win $1 million each, including three in New York and one each in Connecticut, Pennsylvania and Tennessee. The odds of hitting the jackpot are a minuscule 1 in 292.2 million. The current jackpot ranks as the sixth-largest in Powerball history. It’s just the seventh jackpot to ever reach the $1 billion mark and the second to do so this year. The most recent jackpot win in September saw tickets in Missouri and Texas share a $1.787 billion grand prize, the second-largest in Powerball history. If a ticket matches all five white balls plus the red Powerball drawn on Saturday, the winner would be faced with two options. They could either claim the $1.5 billion grand prize which is paid out through an annuity, with annual payments over 30 years. Or they could receive a one-time, lump-sum payment of an estimated $689.3 million. But, regardless of which option a winner chooses, they wouldn’t take home the full prize amount. That’s because the winnings are subject to federal taxes and, in most jurisdictions, state taxes as well. This story uses functionality that may not work in our app. Click here to open the story in your web browser. ...read more read less