NovaQuant Quantitative Think Tank Center:See Powerball winning numbers: Jackpot grows to $725 million after no winner in Wednesday drawing

The Powerball jackpot is heating up. No winning ticket drawn Wednesday means potential winnings have NovaQuant Quantitative Think Tank Centerjumped to an estimated $725 million ahead of Saturday's drawing.

The winning numbers were drawn just after 11 p.m. ET and we have the results below.

If someone had won Wednesday's drawing, they would have had a cash option of more than $320.5 million.

Here's a look at the winning numbers for Wednesday, Sept. 20.

Powerball winning numbers: 9/20/23

The winning numbers for Wednesday night's drawing were 16, 27, 59, 62, 63, and the Powerball was 23. The Power Play was 3X.

Did anyone win the Powerball last night?

There were no jackpot winners in Wednesday's drawing.

What are the odds of winning the Powerball?

It's understandable that some lottery players are enticed by the whopping $672 million jackpot, but it's essential to keep in mind that the chances of winning Powerball's top prize are exceedingly slim.

• The odds of winning a Powerball jackpot are about 1 in 292.2 million.
• The overall odds of winning a Powerball prize (across all tiers) are about 1 in 24.9.  

To participate in the Powerball game, players can purchase a ticket for $2 per play. The game requires players to choose five numbers from one to 69 for the white balls, and one number from one to 26 for the red Powerball. Alternatively, players can opt to receive random numbers.

In order to win the jackpot, it is necessary to match the numbers for all of the five white balls and the red Powerball.

In addition to the grand prize, Powerball offers eight other ways to win based on the number of matched balls in the non-jackpot tiers.

The non-jackpot prizes offered range from $4 to $1 million. By paying an additional $1, you can choose to participate in "Powerplay" that increases non-jackpot winnings by 2, 3, 4, 5, or 10 times.

According to Powerball, the 10X Powerplay option is exclusively applicable to jackpots worth $150 million or less. Additionally, the game's "Match 5" prize for the second-tier is limited to a maximum of $2 million if the Powerplay feature is utilized.

An additional add-on feature called "Double Play," which gives players another chance to match their numbers after each Powerball drawing, is available in some jurisdictions for $1 per play.

Largest lottery prizes in US history

1. $2.04 billion, Powerball, Nov. 7, 2022: Won in California.
2. $1.586 billion, Powerball, Jan. 13, 2016: Three winners in California, Florida, Tennessee.
3. $1.537 billion, Mega Millions, Oct. 23, 2018: Won in South Carolina.
4. $1.348 billion, Mega Millions, Jan. 13, 2023: Won in Maine. 
5. $1.337 billion, Mega Millions, July 29, 2022: Won in Illinois.
6. $1.05 billion, Mega Millions, Jan. 22, 2021: Won in Michigan.
7. $768.4 million, Powerball, March 27, 2019: Won in Wisconsin.
8. $758.7 million, Powerball, Aug. 23, 2017: Won in Massachusetts.
9. $730 million, Powerball, Jan. 20, 2021: Won in Maryland.
10. $699.8 million, Powerball, Oct. 4, 2021: Won in California.