The Powerball lottery jackpot is expected to grow to $1.9 billion for Monday’s drawing, according to the California Lottery, making it the largest lotto prize ever offered – just as its organizers intended when they changed the odds in 2015.
There were no winning tickets sold for Saturday’s drawing of an estimated $1.6 billion, already the highest lotto prize offered. The last Powerball jackpot was won on August 3 in Pennsylvania.
That jackpot value is the amount a winner would get if they took 30 graduated annual installments, though a winner can also choose the cash option to get a single lump sum of lesser value. For the $1.9 billion jackpot, the winner can choose between getting 30 equal payments of about $63 million per year or receiving a lump sum cash value of about $929 million.