Powerball Lottery Winning Numbers Wed., Jan. 13, 2016

The Powerball jackpot for Wednesday’s drawing is now up to $1.5 billion, the record for the largest lottery payout in U.S. history.

Wednesday’s Powerball lottery drawing time is scheduled for 10:59 p.m. ET.

The winning numbers for Wednesday, Jan. 13, 2016 are:

• 4-8-19-27-34 and the Powerball 10
• the multiplier is x2

A winner already? The California Lottery is reporting a jackpot-winning ticket was sold in Chino Hills.

The cash payout alone is an estimated $930 million.

A statistics professor at Metropolitan State University in Colorado calculates the odds of winning at about 1 in 292.2 million.

More at Patch: Saturday’s Powerball Jackpot If Nobody Wins Wednesday

So, what if you only match a few numbers, what do you win? Here’s the deal:

• Match 5 numbers and the Powerball number = Jackpot
• Match 5 numbers, not including the Powerball number = $1 million dollars
• Match 4 numbers and the Powerball number = $50,000
• Match 4 numbers, not including the Powerball number = $100
• Match 3 numbers and the Powerball number = $100
• Match 3 numbers, not including the Powerball number = $7
• Match 2 numbers and the Powerball number = $7
• Match 1 number and the Powerball number = $4
• Match only the Powerball number = $4

So what should you do if you win the lottery? Alexa von Tobel, CEO of the online financial planning website LearnVest, offered a few tips to Patch from a financial planning standpoint.

Sign the ticket: The most important step ensures you claim the ticket as your own.

Maintain anonymity: In many states, von Tobel says, you have a whole year to claim the prize.

Assemble a financial planning team: “You must decide whether including whether to take a lump sum or an annuity,” she said. “There are many pros and cons to weigh: including estate taxes, how much money you’ll ultimately make, whether you’ll be able to handle it all at once, etc.”

Wait six months before making any major decisions: “It’s all too easy to blow through those millions,” von Tobel said. “In fact, according to a 2015 study by the Camelot Group, 44 percent of winners spend their entire winnings within five years.”