Powerball drawing on Monday yields no winner; Jackpot surges to $1 billion

Powerball jackpot rises to $1 billion after no winning ticket sold.

The Powerball jackpot has reached an astounding $1 billion after no winning ticket was sold for the latest drawing. Monday's drawing did not produce a match for the white balls 5, 8, 9, 17, 41, and red Powerball 21. The estimated jackpot for that drawing was $900 million. However, the new jackpot for Wednesday's drawing is now projected to be the seventh highest in U.S. history and the third largest for Powerball. Ticket buyers have the chance to win $1 billion paid out in yearly increments or a $516.8 million one-time lump sum before taxes.

In addition to the jackpot, three lucky individuals won $2 million after matching all five numbers plus the Power Play. These winning tickets were sold in Arkansas, Georgia, and Texas. Furthermore, five people won $1 million after matching all five numbers. The winning tickets for this prize were sold in Connecticut, Florida, Kentucky, New York, and Pennsylvania.

The Powerball game is known for its abysmal odds of 1 in 292.2 million, which are intentionally designed to create large prizes that attract more players. The largest Powerball jackpot in history was a staggering $2.04 billion, won in November of last year. The last time someone won the Powerball jackpot was on April 19, with a top prize of nearly $253 million. Since then, there have been 38 consecutive drawings without a grand prize winner. The jackpot will continue to grow until someone claims it.

Powerball is played in 45 states across the U.S., as well as in Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.

Please note that this article has been updated to correct the information regarding the ranking of the jackpot for Wednesday's drawing. It is the seventh highest lottery jackpot in U.S. history. Additionally, the number of the red Powerball has been corrected to 21.