Powerball Numbers Revealed: Are You the Winner of the $550 Million Jackpot? [See Winning Numbers Here]

The Powerball winning numbers were announced tonight and someone may have just became a multimillionaire. The numbers were announced at 11:00 p.m. Eastern time.

The Winning Numbers are 5-23-16-22-29 and Powerball number 6.

If all of the numbers on your ticket match the winning numbers, you may have just won part of the jackpot which was last listed at a record $550 million.

Hype over the Powerball grew when the jackpot was at $425 million after the drawing last Wednesday. No one won and the jackpot has been growing since. It's now at a record $550 million, which is the highest it's ever been for the Powerball.

Only one U.S. lottery jackpot has ever been larger. On March 30, 2012, the Mega Million jackpot was $656 million. The payout was a $471 million cash prize. 

This latest jackpot has been running since Oct. 6. There have been 15 drawings but no jackpot winners as of yet, but there is a 75 percent chance that someone is a winner from the latest drawing.

While everyone who bought a ticket has high hopes, the odds of winning are extremely low. There is only a one in 175 million chance in hitting the jackpot.

To win, the five numbers that are drawn and the bonus powerball number must all match those on a ticket. One set of number costs $2.

Even though the jackpot is at $550 million, the winner won't be getting that amount. The cash payout is still pretty amazing in every state though. The cash prize from the $550 million jackpot is $360,200,000. However, after taxes and fees, it is even lower in various states.For instance, it would only be $231 million in New Jersey. However in states like Tennessee, Washington, Texas, South Dakota, Pennsylvania, New Hampshire, and Florida, the payout would by $270,150,000 because these states don't take out state tax on lottery prizes.

Anyone who wanted to play the Powerball had until 9:59 p.m. on Wednesday evening. A Powerball ticket starts at $2 for five numbers between one and 59, plus a bonus number from one to 35. Players can pick their own numbers or they may choose computer-generated quick pick numbers.

The Powerball is opened to those 18 and older in 42 US States, Washington D.C. and the US Virgin Islands.