Powerball Next Drawing Wed, Oct 18, 2023

Parikshith Reddy
How to Win the Jackpot

The next Powerball drawing is on Wednesday, October 18, 2023, at 10:59 PM ET. The jackpot is an estimated $49 million, with a cash value of $22.2 million.

To play Powerball, you need to select five numbers between 1 and 69 for the white balls, and one number between 1 and 26 for the red Powerball. You can choose your own numbers, or you can let the lottery terminal randomly pick your numbers for you.

Tickets cost $2 per play, and you can add the Power Play option for an extra $1. Power Play can multiply your non-jackpot winnings by two, three, four, five, or ten times.

The Powerball jackpot grows until it is won. Players win a prize by matching one of the 9 ways to win. The jackpot is won by matching all five white balls and the Powerball.

Here are the odds of winning each prize in Powerball:

 

Prize Odds
Jackpot 1 in 292,201,338
Match 5 white balls 1 in 11,688,053
Match 4 white balls + Powerball 1 in 913,129
Match 4 white balls 1 in 36,525
Match 3 white balls + Powerball 1 in 14,443
Match 3 white balls 1 in 503
Match 2 white balls + Powerball 1 in 701
Match 1 white ball + Powerball 1 in 91
Match Powerball 1 in 26

If you win a prize in Powerball, you have 180 days to claim your prize. You can claim your prize at any lottery retailer in your state, or you can mail your ticket to the lottery headquarters.

Here are some tips for playing Powerball:

  • Choose your numbers carefully. Avoid playing numbers that are often played, such as birthdays and anniversaries. Instead, try to choose a mix of odd and even numbers and high and low numbers.
  • Consider playing a Power Play. For an extra $1 per play, you can multiply your non-jackpot winnings by up to 10 times.
  • Form a lottery pool with friends or family. This can increase your chances of winning since you’ll be buying more tickets.
  • Be sure to sign your ticket so that you can claim your prize if you win.

If you do win the Powerball jackpot, be sure to consult with a financial advisor on how to best manage your winnings.

Here are some fun facts about Powerball:

  • The largest Powerball jackpot ever won was $1.586 billion on January 13, 2016. The jackpot was split by three winning tickets, sold in California, Florida, and Tennessee.
  • The most common Powerball numbers drawn are 23, 32, 61, 65, and 69.
  • The least common Powerball numbers drawn are 13, 29, 31, 63, and 64.
  • The odds of winning the Powerball jackpot are the same whether you play one ticket or 100 tickets.
  • The Powerball jackpot is paid out in 30 annual instalments.

Good luck!

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