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Powerball's mega $1.04 billion jackpot for Monday's drawing

CBS News Live
CBS News Miami Live

MIAMI - The Powerball jackpot stands at $1.04 billion for Monday night's drawing. 

The one-time lump sum cash option for the winner is $478.2 million. 

The jackpot has grown after nobody has won since July. This is only the fourth time in Powerball history that the jackpot has gone above $1 billion.

The last winner was a Californian who won over $1 billion.

The largest Powerball jackpot ever won was a $2.04 billion ticket also sold in California in November 2022. 

While the overall odds of winning any number of the Powerball prizes are about 1 in 25, the odds of winning the Powerball jackpot are 1 in 292.2 million, according to the organization.

Powerball tickets cost $2, and drawings are each Monday, Wednesday, and Saturday.

You can watch the drawings on CBS News Miami, the official home of the Florida Lottery. 

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