$1.6B Powerball Jackpot For Saturday, Nov. 5: What To Know In NY

NEW YORK — The Powerball jackpot has swelled to a staggering $1.6 billion for the Saturday, Nov. 5, drawing after no one matched the winning numbers Wednesday. Players in New York need to pick up their tickets by 10 p.m. Saturday for a chance at the near-record lottery prize.

In Wednesday’s Powerball drawing, the winning numbers were 02, 11, 22, 35 and 60, with a Powerball of 23. In New York, there was one second-prize winning ticket (five numbers, no Powerball) worth $1 million that was sold in Newburgh for Wednesday’s drawing.

According to the New York Lottery website, there were 12 third-prize winners of $50,000 (four numbers + Powerball), 417 fourth-prize winners of $100 (four numbers) and 939 fifth-prize winners of $100 (three numbers + Powerball).

SEE ALSO: $1M 2nd-Prize Winning Powerball Ticket Sold In Hudson Valley

Powerball drawings are held at 10:59 p.m. ET on Mondays, Wednesdays and Saturdays.

Winners may choose to receive their prize as an annuity paid in 30 graduated payments over 29 years, or they may take a cash payout, which is estimated at $782.4 million for the next game. Nearly all winners choose cash.

The estimated $1.6 billion jackpot is the third-largest lottery prize in U.S. history, and the second-largest in the history of the Powerball game.

The jackpot has gone unclaimed since Aug. 3, and the longer it goes without a winner, the closer it comes to the world record $1.586 billion Powerball jackpot in 2016.

The odds of winning are abysmal, about 1 in 292.2 million. Odds of winning any prize are better, 1 in 24.9.

A Powerball ticket costs $2. For an additional $1 per ticket, players can multiply non-jackpot prizes by up to 10 times with the Power Play feature. One caveat: The 10X multiplier is only available when the advertised jackpot annuity is $150 million or less.

To win the jackpot, a player must match all white balls in any order and the red Powerball number. Lottery officials say chances are higher when players don’t choose their own numbers. About 75 percent of winning tickets over the years were picked by a computer.

Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. According to Powerball, more than half of all ticket sales remain in the jurisdiction where the ticket was sold.