Powerball Jackpot Hits $1 Billion, Fifth Largest Pot

Powerball hasn’t seen a winner for 38 consecutive drawings, but the higher the pot, the more the more the winner could lose in taxes.

A roulette table.
(Image credit: Getty Images)

After three months without a lottery winner, the Powerball jackpot has hit an estimated $1 billion.

It’s only the fifth time a Powerball jackpot has swelled to the $1 billion mark and marks the fifth largest Powerball jackpot in history. The estimated cash value of Monday’s drawing is around $483.8 million. 

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Keerthi Vedantam

Keerthi Vedantam is a reporter covering finance, tech and science. She previously covered biotech and health at Crunchbase News and enterprise technology at Business Insider.