Winners cheering with the glowing TV jackpot and a lone Powerball ticket showing numbers 58 28 31 1 57

Powerball Jackpot Reaches $1 Billion as Numbers 58, 28, 31, 1, 57 Hit the Board

Powerball has hit a staggering $1 billion jackpot for the second time this year, with the winning numbers announced Saturday: 58, 28, 31, 1, and 57, and the Powerball number 16.

Jackpot Details

The $1 billion prize is the seventh‑largest in Powerball history and has been on the table for 41 days. Winners can choose to receive the award as a 30‑payment annuity spread over 29 years or as a lump‑sum cash payment. Powerball reports the cash value of the jackpot at $457.7 million.

Ascending staircase displays numbered steps with annuity payments and culminates in a $1B dollar sign

How the Annuity Works

Under the annuity plan, the winner receives an immediate payment followed by 29 annual payments, each one year apart, until the total of $1 billion is reached. The payments are graduated, meaning each payment is larger than the previous one.

Advice for Winners

Officials urge anyone who is lucky enough to win a Powerball jackpot to consult a financial adviser before presenting the ticket at a lottery office for an oversized check. Keeping the ticket safe is also emphasized as a critical step.

Winning Numbers

Saturday’s Power Play was 2X, doubling the winnings for any secondary prizes. The main numbers drawn were 58, 28, 31, 1, and 57, while the Powerball number was 16.

Most Common Powerball Numbers

Data from LottoNumbers.com shows the top ten most frequently drawn main numbers:

  • 61 (118 times)
  • 32 (113 times)
  • 21 and 23 (112 times)
  • 33 and 69 (111 times)
  • 64 (109 times)

The most common Powerball numbers are:

  • 4 (62 times)
  • 21 (60 times)
  • 14 (58 times)

The most frequently drawn Power Play numbers are 2X (725 times) and 3X (416 times).

Key Takeaways

  • The Powerball jackpot reached $1 billion, the seventh‑largest in history.
  • Winners can opt for a 30‑payment annuity or a $457.7 million cash payout.
  • The winning numbers were 58, 28, 31, 1, 57, with Powerball 16 and Power Play 2X.

The announcement of this massive jackpot highlights the enduring allure of the Powerball lottery and underscores the importance of financial planning for potential winners. Nexstar’s Matthew Knight, Addy Bink, and Jeremy Tanner contributed to this report.

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *