The Powerball lottery jackpot has climbed to over $1.1 billion, the fifth-largest in its history, after no one won the previous drawing. This massive prize can be claimed as a 30-year annuity or a lump sum of about $498.4 million (before taxes). The odds of winning are incredibly slim, at 1 in 292.2 million, but the huge jackpot attracts millions of players hoping for life-changing wealth. Powerball is played across much of the US and drawings occur three times a week.

Prepared by Christopher Adams and reviewed by editorial team.