Winning Powerball numbers announced for Saturday’s $1.4 billion jackpot

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A Powerball ticket seen on a counter after being purchased in a store on October 04, 2023 in Miami, Florida. (Photo by Joe Raedle/Getty Images)

LOS ANGELES - It's time to check your tickets. The results for Saturday's $1.4 billion Powerball drawing have been announced.

Saturday's jackpot is the fifth-largest lottery jackpot in U.S. history, and the third-highest jackpot in Powerball history. There have been two Mega Millions drawings with bigger jackpots.

Saturday's Powerball numbers are: 47, 54, 57, 60, 65 and the Powerball number is 19.

The national lottery game has gone without a jackpot winner since July 19, when a California lottery player bought a $1 billion ticket at a market in downtown Los Angeles. The largest U.S. jackpot ever — a $2.04 billion Powerball ticket — was also purchased in Los Angeles County in August 2022.

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According to the official Powerball site, the odds of matching all six of the game's numbers is a little over 1 in 292 million. The odds of hitting just five numbers increase dramatically — to just under 1 in 11.7 million.

So how much do the winners really get after taxes?

It depends on a couple of factors: do you have to pay state taxes where you live? Will you take the lump sum payment or the annuity payout?

According to Powerball's website, those electing to take the annuity option are guaranteed to get 30 gradual payments over a 29-year period.