Powerball jackpot reaches $1 billion after Monday's drawing ends without winner
The potential winner could choose between $1B paid in yearly increments or a one-time lump sum of $516.8M before taxes
After no winning tickets were drawn on Monday, the Powerball jackpot has now surged to an estimated $1 billion.
The winning numbers on Monday were: white balls 5, 8, 9, 17, 41 and red Powerball 21. The jackpot was $900 million.
The next draw is Wednesday, July 19, when the new jackpot is expected to be the third highest in U.S. history.
Potential winners can choose to have the $1 billion paid out in yearly increments or a one-time lump sum in the amount of $516.8 million before taxes.
POWERBALL JACKPOT GROWS TO $900 MILLION AFTER NO WINNER
Powerball ticket sales continue to grow after no winner was selected in the Monday night's drawing. (AP Photo/Nick Ingram / AP Newsroom)
The last winner of the Powerball jackpot was three months ago, on April 19, when the top prize was nearly $253 million. The jackpot payout will continue to swell until someone wins again.
Several smaller winners were reported on Monday, including tickets sold in Arkansas, Georgia and Texas, where three ticket buyers won $2 million.
Additional winning tickets were sold in Connecticut, Florida, Kentucky, New York and Pennsylvania, where five people won $1 million.
POWERBALL JACKPOT WINNER REVEALED IN CALIFORNIA
The largest Powerball jackpot was $2.04 billion Powerball in November 2022. (Tasos Katopodis/Getty Images / Getty Images)
The largest Powerball jackpot was last November when $2.04 billion was up for grabs.
The odds of winning the top prize are about 1 in 292.2 million, which was specifically designed to build big prizes.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The odds of winning the Powerball's top prize are about 1 in 292.2 million, but a player still has chances to win smaller sums available in the game. (Tayfun Coskun/Anadolu Agency via Getty Images / Getty Images)
The Powerball lottery is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
The Associated Press contributed to this report.