Powerball Jackpot Swells to $1 Billion, One of Biggest Prizes Ever
- Powerball jackpot has reached $1 billion for Monday's drawing, one of the biggest jackpots in its history
- Winner can choose lump sum of $438.8 million (before taxes) or annual payments for 30 years
- After federal and New York State taxes, lump sum would be just under $295 million
- Odds of winning the jackpot are 1 in 292.2 million
- Drawing is Monday night at 1059 PM EST
