Powerball lottery jackpot reaches $1billion milestone

The estimated $1 billion Powerball jackpot for Monday night's drawing is the fifth-highest prize in the history of the game. The approximate one-time cash option is $483.8 million. Prior to any potential state and federal taxes, both prizes are listed.



Officials from the Multi-State Lottery Association, which oversees the three-time weekly game on behalf of its 48 participating member jurisdictions, reassured players on Monday morning that the $1 billion advertised Powerball prize is real, despite the fact that it is April 1st, also known as "April Fools' Day."
 
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