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Monday's (October 31) Powerball jackpot will be worth an estimated $1 billion ($497.3 cash value) after zero players matched all six numbers during the $825 million drawing last Saturday (October 29) night.
The upcoming Powerball jackpot will mark the second time the game has exceeded the $1 billion plateau and offer the fifth-largest jackpot in U.S. lottery history.
The $1.586 billion ($983.5 million cash value) Powerball drawing on January 13, 2016 set the record for the world's largest jackpot for both cash value and annuity.
Three Mega Millions games have also exceeded $1 billion.
The Powerball jackpot reset to $20 million after a player in Pennsylvania won the $205.9 million jackpot on June 30.
Three tickets in California, Florida and Tennessee won the $1.586 billion Powerball jackpot in January 2016, which set the record for the world's largest jackpot (cash value and annuity) and was the ninth largest cash value per ticket.
Mega Millions' jackpot reached $1.337 billion on Friday, July 29, 2022, before a player in Illinois matched all six numbers. The jackpot was the second largest cash value ticket in lottery history.
The Powerball and Mega Millions games previously offered a combined jackpot of more than $1.7 billion in January 2021.
Both jackpots increase during each following game until there's a jackpot winning ticket matching all six numbers drawn, which includes the additional Mega Millions Gold Ball or Powerball in each respective game.