Powerball Jackpot Surges to $1.1 Billion After No Saturday Winner

The Powerball jackpot is heating up again, jumping to an estimated $1.1 billion after no one hit all the numbers in Saturday night’s draw. That makes it the second-biggest jackpot of the year and the 12th time in five years the prize has crossed the billion-dollar mark.

Saturday’s winning numbers:

• 1, 28, 31, 57, 58

• Powerball: 16

While the top prize stayed untouched, plenty of players still scored big:

• Five tickets won $1 million

• Two tickets won $2 million

If someone wins the jackpot and chooses cash, the lump-sum payout sits at $503.4 million before taxes, up more than $74 million since midweek. That’s the actual money in the prize pool, paid out at once.

The headline jackpot number is higher because it reflects the annuity option—30 increasing payments spread over 29 years. Lottery officials advertise this larger figure since it includes projected investment growth.

For perspective, the year’s biggest Powerball prize came in September at $1.787 billion, split by winners in Missouri and Texas. They chose the lump sum, walking away with $410 million before taxes.

Worth knowing before you play:

• Odds of winning the jackpot: 1 in 290.2 million

• Next drawing: Tonight at 10:59 p.m. ET