Powerball jackpot at $1.23 billion for next drawing Saturday, April 6 ...

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Odds of winning the Powerball and Mega Millions are NOT in your favor

Odds of hitting the jackpot in Mega Millions or Powerball are around 1-in-292 million. Here are things that you're more likely to land than big bucks.

The Powerball's estimated jackpot for Saturday, April 6 remains the fourth largest ever after no one matched the winning numbers Wednesday. The jackpot is now estimated at $1.23 billion ($595.1 million cash value).

Here's what you need to know before the next Powerball drawing.

When is the next Powerball drawing?

The next Powerball drawing is Saturday, April 6. Drawings are held at 10:59 p.m. every Monday, Wednesday and Saturday.

How late can you buy a Powerball ticket?

In Michigan, in-store and online ticket sales are available until 9:45 p.m. on the night of the draw.

How much does it cost to play Powerball?

Powerball costs $2 to play. For an additional $1 per play, the Power Play feature can multiply non-jackpot prizes by two, three, four, five or 10 times.

What are the Powerball prizes?

The complete guide to winnings is:

• Match 5 White Balls + Powerball: Jackpot
• Match 5 White Balls: $1 million
• Match 4 White Balls + Powerball: $50,000
• Match 4 White Balls: $100
• Match 3 White Balls + Powerball: $100
• Match 3 White Balls: $7
• Match 2 White Balls + Powerball: $7
• Match 1 White Ball + Powerball: $4
• Match Powerball: $4
• Match 5 White Balls with Power Play: $2 million
• Match 4 White Balls + Powerball with Power Play: $200,000
• Match 4 White Balls with Power Play: $400
• Match 3 White Balls + Powerball with Power Play: $400
• Match 3 White Balls with Power Play: $28
• Match 2 White Balls + Powerball with Power Play: $28
• Match 1 White Ball + Powerball with Power Play: $16
• Match Powerball with Power Play: $16

What are the odds of winning the Powerball jackpot?

The overall odds of winning the Powerball jackpot are 1 in 292.2 million.

[ Want more updates on the Michigan Lottery? Download our app. ]

How do I find the Powerball winning numbers?

Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. from the Florida Lottery draw studio in Tallahassee. Drawings are also livestreamed on Powerball.com. The winning numbers are posted to the Powerball and Michigan Lottery websites.

What's the Powerball Double Play drawing?

In-store Powerball purchasers can select the Double Play option to use their numbers in a second drawing immediately following the regular Powerball drawing for a chance to win additional prizes up to $10,000,000. Players can add the Double Play feature to their Powerball ticket for an additional $1 per play.

The Powerball Double Play drawing takes place between 11:30 and 11:40 p.m.

The Power Play multiplier does not apply to prizes win in the Double Play drawing.