Powerball jackpot rises to $448 million with no winner on Saturday

Weird things lottery winners have bought with their millions

(Gray News) - No one has won the Powerball jackpot in 2019, as the grand prize edges ever closer to half a billion dollars.

No ticket matched all six numbers drawn Saturday night, according to a news release, so the jackpot climbed to $448 million. The last time the jackpot reached the $400 million mark was in October.

However, two tickets, one in Indiana and one in Maryland, matched all five white balls to win $1 million.

The numbers drawn were 45, 5, 59, 55 and 6 with a Powerball number of 14.

A jackpot winner will match numbers on all five white balls and the red Powerball. The white balls will be numbered one through 69 and the Powerball will be one through 26.

Statistically, you only have a one in 292.2 million chance of winning the big prize. But if you were to beat the long odds and hit the jackpot, you’d have an important decision to make: cash or annuity.

Taking the cash option will net you all the money available in the prize pool. In this case, that’s an estimated $271.7 million.

The annuity option will give you the entire jackpot broken down into 30 payments over 29 years. To combat inflation, each payment will be 5 percent larger than the previous.

Of course, federal and jurisdictional taxes apply to both options.

Drawings will be held every Wednesday and Saturday night at 11 ET until someone wins the jackpot. If nobody wins, the jackpot will continue to climb.

When a jackpot winner is determined, the prize will reset at $40 million.

Copyright 2019 Gray Television Group, Inc. All rights reserved.