An estimated $1.6 billion is up for grabs in Monday’s Powerball draw after the jackpot rolled over on Saturday.
If a participant hits the jackpot on Monday, they’ll select between an annuitized prize estimated at $1.6 billion or a lump sum cost estimated at $735.3 million earlier than tax.
The annuity choice permits the winner to obtain one cost instantly, then 29 annual funds that enhance by 5% every year.
The prize is the fourth largest within the recreation’s historical past, Powerball mentioned in a information launch. This yr it’s second to the $1.787 billion Powerball jackpot gained on September 6.
The largest US lottery jackpot was a Powerball prize of $2.04 billion in 2022.
To win a Powerball jackpot, a ticket holder should match all six drawn balls — 5 white and one pink.
Monday’s draw would be the forty sixth within the present jackpot run, Powerball mentioned.
The odds of winning the Powerball’s jackpot are 1 out of 292.2 million, although the chances are higher for smaller money prizes, some as little as $4.
The Powerball drawings are held each Monday, Wednesday and Saturday at 10:59 p.m. ET.