"Record-Breaking $1 Billion Powerball Jackpot Up for Grabs"
TL;DR Summary
The Powerball jackpot has reached $1 billion for Monday night's drawing, marking just the fifth time in its history it has hit this milestone. The lucky winner can choose between a $438.8 million lump sum or annual payments for 30 years increasing 5% each year, but after taxes, a New Yorker opting for the lump sum would walk away with just under $295 million. With the odds of winning the jackpot at 1 in 292.2 million, the drawing is set for 10:59 p.m. EST.
- Powerball jackpot reaches $1 billion for Monday night drawing New York Post
- Powerball jackpot soars to $1 billion for Monday night’s drawing CNN
- $1 billion Powerball jackpot nears top 10 largest lottery prizes in history MassLive.com
- Winning Powerball ticket worth $50,000 sold in Ohio WKYC.com
- Powerball jackpot hits $1 billion. Here's how to pick between the lump sum or annuity if you win CNBC
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