The Powerball Jackpot has continued to grow as the game has not seen a big winner since New Year’s Day when a single ticket sold in Michigan won a $842.4 million jackpot.
Topline
The Powerball jackpot rose to $1.09 billion—the second biggest lottery prize of the year so far—after no tickets matched the numbers drawn on Monday night, but the eventual winner will take home a smaller amount after paying their taxes.Key Facts
If a winner emerges in the next draw, they will have a choice between receiving the $1.09 billion amount split across 30 annual payments or a lump sum cash award of $527.3 million—usually the popular choice.
If the cash reward is chosen, the prize amount will drop to $400.
