Here are the winning Powerball numbers for Saturday's $1B jackpot

The winning Powerball numbers were drawn on Saturday evening, potentially giving someone a chance to win the whopping $1 billion jackpot, with a cash value of $453.1 million.

The winning numbers are: 22, 03, 18, 27, and 33. And the Powerball number was 17 and the Power Play was 3x.

(Jay L. Clendenin / Los Angeles Times via Getty Images)

Dig deeper:

The winner, who must match the numbers on five white balls (1-69) and the red Powerball (1-26), also has the option to claim a one-time lump sum payment.

RELATED: Powerball jackpot hits $1 billion


 

Big picture view:

The Powerball jackpot grows until a winning ticket is sold. Winners can choose to receive their prize as an annuity, paid in 30 payments over 29 years, or take the lump sum payment. Federal and jurisdictional taxes are applicable to either payout.

RELATED: Man scores 2 wins from one Powerball lottery drawing, landing him $2M

Powerball drawings are held on Monday, Wednesday and Saturday in 45 states, Washington D.C., the U.S. Virgin Islands and Puerto Rico.

Why you should care:

The overall odds of winning the Powerball jackpot are just 1 in 292.2 million. To put that into perspective, those odds are a little worse than flipping a coin and getting heads 28 straight times, University of Nebraska-Omaha mathematics professor Andrew Swift previously told the Associated Press.

For those feeling lucky and wanting to spend $2 for a ticket, the overall odds of winning any prize is a little better at 1 in 24.9.

The Source: This story was reported from Los Angeles. 

Lottery