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What is the payout for $1.5 billion Powerball?

The $1.5 billion prize is for winners who choose to take their riches through an annuity, paid annually over 29 years. Nearly all winners opt for cash, which is currently estimated at $745.9 million. Get a weekly recap of the latest San Francisco Bay Area housing news.

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The bad news is that no one won Wednesday night’s huge $1.2 billion Powerball jackpot. The good news is that means the prize has grown even larger to $1.5 billion ahead of the next drawing. The jackpot ranks as the second-largest in Powerball history and third-largest in U.S. lottery history and could break lottery records by Saturday night amid a flurry of ticket-buying. The largest lottery payout ever was $1.586 billion, split between three winners in California, Florida and Tennessee. The numbers drawn Wednesday night were: 2, 11, 22, 35, 60 and the red powerball 23. The $1.5 billion prize is for winners who choose to take their riches through an annuity, paid annually over 29 years. Nearly all winners opt for cash, which is currently estimated at $745.9 million. Get a weekly recap of the latest San Francisco Bay Area housing news. Sign up for NBC Bay Area’s Housing Deconstructed newsletter. Those winnings also would be subject to federal taxes. Many states tax lottery winnings, too. No one has hit all six numbers since Aug. 3. That's 39 consecutive draws without a jackpot winner. The winless streak is due to the abysmal odds of winning: one in 292.2 million. The longer the game goes without a grand prize winner, the larger the payout will grow. The Powerball is played in 45 states, the District of Columbia and Puerto Rico. It costs $2 to play.

Drawings are held each Monday, Wednesday and Saturday at 10:59 p.m. ET.

Top 10 Powerball Jackpots

1. $1.586 Billion – Jan. 13, 2016 – California, Florida, Tennessee

2. $1.5 Million (estimate) – Nov. 5 2022

3. $768.4 Million – March 27, 2019 – Wisconsin

4. $758.7 Million – Aug. 23, 2017 – Massachusetts

5. $731.1 Million – Jan. 20, 2021 – Maryland

6. $699.8 Million – Oct. 4, 2021 – California

7. $687.8 Million – Oct. 27, 2018 – Iowa, New York

8. $632.6 Million – Jan. 5, 2022 – California, Wisconsin

9. $590.5 Million – May 18, 2013 – Florida

10. $587.5 Million – Nov. 28, 2012 – Arizona, Missouri

Think you have a chance at winning the Lottery? Well, you do! But its a very, very small chance. Here are some things that are more likely to happen to you.

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