Powerball numbers for Wednesday, November 2nd draw

(NEXSTAR) – The Powerball jackpot hasn’t been hit since August, reaching $1.2 billion ahead of Wednesday’s draw.

If the ticket matches the winning number, as shown below, the winner has won the second largest jackpot in Powerball history and the fourth largest lottery prize in US history.

The winning numbers for Wednesday’s draw are: 2, 11, 22, 35, 60, and Powerball number 23.

That’s over $1 billion in lottery prizes this year.

Mega Millions Jackpot in July A historic $1.34 billion. was national third largest winning the lottery and Wasn’t charged until September When the two Illinois winners came forward to collect it.

In the absence of tickets matching all six numbers above, the Powerball jackpot could approach and exceed the record $1.586 billion won by three Powerball players in 2016 . It is also the largest lottery prize in US history.

Here are the 10 biggest Powerball jackpots so far:

1. $1,586 million: January 13, 2016 (California, Florida, Tennessee)
2. $1.2 billion (estimated): November 2, 2022
3. $768.4 million: March 27, 2019 (WI)
4. $758.7 million: August 23, 2017 (Massachusetts)
5. $731.1 million: January 20, 2021 (MD)
6. $699.8 million: October 4, 2021 (CA)
7. $687.8 million: October 27, 2018 (IA, NY)
8. $632.6 million: January 5, 2022 (California, Wisconsin)
9. $590.5 million: May 18, 2013 (FL)
10. $587.5 million: November 28, 2012 (AZ, MO)

As it stands, $1.2 billion is the fourth largest lottery prize in U.S. history, lagging behind. 2 Mega Millions Jackpots.

If you are lucky enough to hit the jackpot, you can take the pot as an annuity (30 payouts over 29 years) or as a lump sum. According to Powerball, the jackpot has a cash value of $596.7 million.

you might want Think twice before accepting cash options But. Big jackpot winners almost always get cash, but financial his advisers say that could be a mistake.

Nicholas Bunio, a certified financial planner from Downingtown, Pennsylvania, said he would take the pension even with the expertise.

“You can make mistakes here and there,” said Bunio. “People don’t understand the potential for loss. They only focus on the potential for gain.”

As inflation has driven interest rates higher, the gap between cash and annuity options may widen, resulting in higher investment returns. In annuities, jackpot cash is essentially invested and paid out to winners over 30 years.

Under the annuity plan, winners will receive an immediate payout, followed by 29 annual payouts in 5% increments each year, until they reach a final total of $1.2 billion.

Officials recommend that those who are lucky enough to win the Powerball jackpot should keep their valuable tickets safe and consult a financial advisor before accepting a large check at the lottery office.

Powerball is played in 45 states, plus Washington DC, Puerto Rico and the US Virgin Islands.

The Associated Press contributed to this report.