Winning Powerball Numbers For Wednesday, August 23, 2017: $758 Million Jackpot

The Powerball jackpot has climbed to the second-largest prize in the game's history: an estimated $758.7 million for the Wednesday, Aug. 23, drawing.. If the jackpot is taken as an annuity, the estimated $758.7 million jackpot prize will be paid out over 30 years in varying amounts with the average payment would be $15,458,333.

The winning numbers for Wednesday are 6-7-16-23-26 with Powerball 4 . Punch in your ZIP code, and find out where you can buy your Powerball tickets here, via the Tennessee Lottery.

Powerball drawings are held every Wednesday and Saturday at 9:59 p.m. Central time. A winner from Tennessee wouldn't be all that unusual. The record in the game was a $1.6 billion drawing in January 2016, which was won by a Munford couple and the $421 million prize in November 2016 was split by a group of coworkers at a Portland plant.

Mega-Millionaire Lottery Winners: Where Are They Now?

The largest three Powerball jackpots ever are:

• $1.6 Billion — January 2016
• $590.5 Million — February 2013
• $587.5 Million — November 2012

But is the money spent worth the long odds? According to the Powerball website, the chances of winning the jackpot are 1 in 292,201,338. But is your investment worth those astronomical odds? Between taxes and the possibility of sharing the prize, as well as the infinitesimal likelihood of snagging the cash, Business Insider says it's a losing proposition.

The website uses the probabilities and prize amounts to calculate the expected value of a $2 ticket. For example, winners who take the lump sum lose out on interest earned if they take payments for years, so the expected value of a ticket drops below zero, to -$0.52. You can delve into the odds of winning, and see if you still want spend $2 per ticket, on Business Insider.

The Powerball game is played by matching all five white balls in any order and the red Powerball number. The odds of picking the correct Powerball grand prize numbers are one in 292,201,338.

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