[UPDATED] Powerball Winning Jackpot Numbers Saturday, Jan. 9, 2016

The Powerball jackpot for Saturday’s drawing reached $949,800,000, more than a $100 million increase in less than 24 hours, as the record largest lottery payout in U.S. history continued to grow.

The cash payout alone was at least an estimated $558 million.

Saturday’s Powerball winning numbers were: 16, 19, 32, 34, 57 and a Powerball number of 13.

UPDATE: Lottery officials say nobody had all the correct numbers, which should push Wednesday’s jackpot should be about $1.3B. (Yes, Billion.)

Here’s what else you need to know.

• SEE ALSO: Playing The Powerball With Co-Workers, Friends: What To Know

What are the odds of winning Powerball?

Put simply: very, very small.

Players pick five numbers between 1 and 69 then a sixth Powerball number between 1 and 26.

That adds up to winning odds of 1 in 292,201,338, Powerball says. We’ll just trust their math on that one.

So, how do you get your money?

“Most importantly, sign the back of the ticket,” Christy Calicchia, a New York lottery spokeswoman, told Patch.

That claims the ticket as your own. Then, keep it in a safe place.

“Often people will put it in their safety deposit box or a safe in their own home,” Calicchia said.

After that, state laws vary about when you can claim your prize. In New York, you can wait up to a year to claim it at any of the five lottery customer service centers in the state, Calicchia said.

Then what?

Many lottery winners hire an attorney, financial planner or both, since most people don’t exactly know what to do when they suddenly come into so much money.

Some even bring their lawyer with them to claim their prize, Calicchia said, adding that is in no way required.

The lottery itself does not offer any counseling services or advice for winners.

How much do you actually win?

You have two choices when you claim your prize: the full value paid in 30 installments over 29 years or a one-time lump sum that is smaller than the actual total.

On the $700 million jackpot, the lump sum would be $428.4 million, Calicchia said.

Then there’s the taxes. The federal tax on lottery winnings is 25 percent, Calicchia said. Then, any extra income taxes like state or city would apply.

Financial experts say that if you can get more than a 3 or 4 percent return on an investment, the lump sum is actually the best way to go in the long-term.

When is the next Powerball drawing?

The next Powerball drawing is scheduled for Saturday night at 10:59 p.m. ET.

Good luck. And if you win, be sure to send some our way.