"Powerball Jackpot Skyrockets to $1 Billion with No Winner in Sight"

The Powerball jackpot has reached an estimated $1 billion after Monday's drawing ended without a winner. The next draw on Wednesday is expected to be the third highest in U.S. history. Winners can choose between yearly increments or a lump sum payment of $516.8 million before taxes. The odds of winning the top prize are about 1 in 292.2 million. Several smaller winners were reported, with tickets sold in Arkansas, Georgia, and Texas winning $2 million, and tickets sold in Connecticut, Florida, Kentucky, New York, and Pennsylvania winning $1 million. The largest Powerball jackpot to date was $2.04 billion in November 2022.