World-record jackpot of $1.9B up for grabs in Powerball drawing on Monday

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World-record jackpot of $1.9B up for grabs in Powerball drawing on Monday
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NEW YORK — An estimated $1.9 billion is up for grabs in Powerball's drawing on Monday night, lottery officials said.

Monday's jackpot is the world's largest lottery prize ever offered, according to a press release from Powerball. The cash value is $929.1 million.

Monday's Powerball drawing will be the 41st since the jackpot was last won on Aug. 3, tying the game record for the number of consecutive drawings without a grand prize winner, according to Powerball. Jackpot winners can either take the money as an immediate cash lump sum or in 30 annual payments over 29 years. Both advertised prize options do not include federal and jurisdictional taxes, according to Powerball.

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