SUMMARY: The Powerball jackpot has reached $1 billion, the fifth largest in its history, with no winner since New Year's Day. The odds of winning are 1 in 292.2 million, leading to large jackpots to attract attention. The $1 billion prize can be paid over 30 years through an annuity or as a cash option of $483.8 million. If there is no winner, the jackpot will match its record of 41 consecutive drawings. The largest Powerball jackpot was $2.04 billion in California in 2022. The game is played in multiple states and territories.

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