The increased jackpot will be the second-largest in U.S. history
Although the advertised top prize will be an estimated $1 billion, that is for winners who receive their winnings through an annuity paid over 29 years. Winners almost always opt for cash, which for Monday’s drawing will be an estimated $497.3 million.
Players who missed out on the latest grand prize in the 30-year-old lottery shouldn’t immediately toss away their receipts. Another 17 tickets won a $150,000 prize while there were 80 winners of $50,000 each. More than 3.8 million tickets won cash prizes totaling above $38 million, Powerball said.
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