The Powerball jackpot has reached an estimated $1.6 billion ahead of Monday night’s drawing, making it the fourth-largest in the game’s history. The estimated cash value is $735.3 million, both figures before taxes. Players can choose between a lump sum or annuity payment option, with odds of winning at 1 in 292.2 million. The jackpot was last won in September when two tickets split a $1.787 billion prize.
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