Powerball winning numbers
What Is The Powerball Lottery And How Do You Play? REUTERS/Gene Blevins

The jackpot prize for the Jan. 5 Powerball jumped to an estimated $630 million, considered as the seventh largest in Powerball history. The cash option is $448.4 million.

The Wednesday winning numbers were 06, 14, 25, 33 and 46. The Powerball drawn was 17 with a Power Play of 2x.

After the long wait, there are reportedly two winners of the jackpot prize worth $630 million. One from California and another one from Wisconsin. The players matched the five white balls and a red ball from the Wednesday draw.

There are 12 reported winners of $1 million matching all five white balls. Meanwhile, two players with Powerplay 2x won $2 million. A total of 77 players won the third prize, which is $50,000, while 13 players with a Power Play purchase won $100,000. They matched four of the white ball numbers and the red Powerball. Many players won smaller prizes including 1862 players who matched four white ball numbers, which put their winnings at $100, while 397 people with Power Play, took home $200.

Next drawing will be on Jan. 8 with an estimated grand prize worth $20 million with a cash value of $14.20 million.

To get a chance to win the grand prize, a player must match the six numbers on their ticket to the drawn six-number combination. The five numbers need to be selected from 1 to 69 for the white balls, while the remaining number is selected from 1 to 26 for the red Powerball.

To claim jackpot prizes, the winners will have options, they can either select their prize as an annuity or a lump-sum payment. The annuity guarantees the winner to receive 30 graduated payments over 29 years. The annual payments increase by 5% until the 30th and final payment. The 30 payments added up equal the value of the annuity.

The Powerball costs $2 per play. Powerball is available in 45 states, Washington DC, Puerto Rico and the US Virgin Islands.

Drawings are held on Mondays, Wednesdays and Saturdays at 10:59 pm ET. Meanwhile the sales cut-off times vary depending on the selling jurisdiction, mostly by one to two hours before the drawing schedule.

The Powerball drawing is aired live on TV stations throughout the state; WBKB-TV 11 (CBS), WDIV-TV 4 (NBC), WNEM-TV 5 (CBS), WXSP-TV (MyNetwork TV), WLAJ-TV 53 (ABC), WMKG-TV 38 (IND), WLUC-TV 6 (NBC/FOX) and WGTU-TV 29/WGTQ-TV 8 (ABC).

The Powerball lottery jackpot soared to $441 million after no tickets won the top prize of $416 million in the draw held on Monday, Dec. 27. This is a representational image. Scott Olson/Getty Images

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