"Record-breaking Powerball Jackpot Reaches $1 Billion"
TL;DR Summary
The Powerball jackpot for Monday night's drawing has reached $1 billion, marking only the fifth time in history that the jackpot has hit this milestone. The winner can choose between receiving the prize in annual installments over 29 years or a lump-sum payment of $483.8 million, with taxes applicable in either case. The odds of winning any Powerball prize are 1 in 24.9, while the odds of winning the jackpot are 1 in 292.2 million.
- Powerball jackpot soars to $1 billion for Monday night’s drawing CNN
- Powerball ticket worth $1 million sold in Reading, Pennsylvania as jackpot grows to $1 billion WPVI-TV
- Powerball jackpot heats up, lottery crosses $1 billion: When is the next drawing? USA TODAY
- Powerball jackpot hits $1 billion. Here's how to pick between the lump sum or annuity if you win CNBC
- No April Fool's joke: Powerball jackpot hits $1 billion, fifth largest in history KOMO News
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