Powerball winning numbers drawing for Wednesday, June 7, 2023

Is today your lucky day?

The lottery jackpot was an estimated $240 million with a cash option of $124.4 million for Wednesday night's drawing, according to the Powerball website.

The jackpot was last won on April 19 when a lottery player in Ohio won a $252.6 million jackpot.

Meanwhile, the Mega Millions jackpot is at $285 million for Friday's drawing with a cash option of $148.1 million, according to the Mega Millions website.

Here are the Powerball winning numbers for Wednesday, June 7, 2023:

16 - 21 - 29 - 53 - 66 and Powerball 2

Powerplay was 5x

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There was no winner so the jackpot will rise to an estimated $308 million with a $160.1 million cash option for Saturday night's drawing. One ticket sold in California matched all five white balls to win a second-tier prize.

Powerball drawings are held three times a week - Monday, Wednesday and Saturday at 10:59 p.m. Monday drawings were added in 2021.

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The deadline for purchasing Powerball ticket varies by state so don't wait until the last minute. The deadline in New Jersey is 9:59 p.m. on the day of the drawing, while New York's deadline is 10 p.m.

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The cost is $2 per ticket, but you can add the Power Play for $1, which will increase the amount of your potential prize up to five times the original prize (except for the jackpot and Match 5). There is also a 10x Power Play possibility when the jackpot is less than $150 million.

Each player selects five numbers from 1 to 69 for the white balls and one number from 1 to 26 for the red Powerball. However, you can also have the lottery machine generate a quick pick ticket with random numbers for you.

Prizes vary from $4 for the matching the Powerball to $1 million for matching all five white balls (except in California) to the jackpot for matching all six balls. You can check all the prize payouts on the Powerball website here.

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You can play the game in 45 states plus the Washington DC, Puerto Rico and the U.S. Virgin Islands.

Many grocery stores, gas stations and convenience stores sell lottery tickets. Some states allow Powerball tickets to be purchased online, but beware of scam websites. Check with your state lottery for more details about online sales before purchasing tickets online.

You don't need to be a U.S. citizen or a resident a particular state where you purchase your ticket.

Here is where you can buy tickets from lottery retailers in New Jersey: Click here.

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The Powerball drawing is broadcast live on the lottery website at 10:59 p.m. ET on Monday, Wednesday and Saturday. You can watch the drawing by clicking here.

The drawing may be broadcast on a local television station in your market as well.

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Playing the Powerball can be exciting, but just don't go spending those millions before you win.

The odds of winning the jackpot are 292,201,338-to-1.

The odds to match all five white balls are 11,688,053-to-1.

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The major lotteries in the United States offer two jackpot payout options: annuity and cash.

The annuity option is paid out over time. There is an immediate payment and then 29 annual payments after that, increasing by 5% each year.

The cash option is significantly lower than the advertised jackpot, but it is paid in a lump sum. You don't have to wait decades for all the money.

In some states, like New Jersey, you can win a lottery anonymously. That wasn't always the case, but now winners are able to stay anonymous under a law that was signed by Gov. Phil Murphy.

In other states, a winner's name and hometown are a matter of public record. Check with your state lottery for more information.

Here are the Top 10 jackpots since the Powerball lottery began in 1992:

Here's a look at the top jackpots won in the United States, between the Powerball and the Mega Millions lotteries: