The Powerball jackpot has climbed to an estimated $1 billion after no ticket won the grand prize on Monday night. This marks the first billion-dollar Powerball jackpot since a player in Arkansas took home $1.8 billion on Christmas Eve last year.

Jackpot Details

Wednesday night’s drawing will be the 44th consecutive drawing in the current jackpot run, and the prize ranks as the eighth-largest in Powerball history, according to the Multi-State Lottery Association, which administers the game. The winning numbers from Monday night’s drawing were 6, 37, 54, 55, and 64, and a red Powerball 10, with a Power Play multiplier of 3.

If a player hits the jackpot on Wednesday, they can choose between an annuitized prize estimated at $1 billion, paid in 30 graduated payments over 29 years, or a lump sum payment estimated at $433.1 million. Both figures are before taxes. Some states, including Florida, Texas, and Tennessee, do not tax lottery winnings, and most Powerball and other major lottery winners choose the lump sum over annuity payments.

Although no one won the $905 million jackpot on Monday, some ticket holders still won sizable prizes, according to Powerball. One ticket sold in Tennessee matched all five white balls and included the Power Play option to win $2 million. Two other tickets, sold in California and Maryland, matched the five white numbers to win the $1 million Match 5 prize.

Odds of Winning

The odds of winning a Powerball jackpot are approximately 1 in 292.2 million. For perspective, a person has a better chance of being struck by lightning in a given year — a 1 in 1.22 million chance, according to the National Weather Service. The odds of being killed by a shark over a lifetime are roughly 1 in 4.3 million, according to the International Shark Attack File.

Original reporting: KTVZ (Central Oregon) — read the source article.