Powerball jackpot rises to $1.04 billion after another drawing without a big winner

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Powerball jackpot rises to $1.04 billion after another drawing without a big winner
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The Powerball jackpot climbed to an estimated $1.04 billion after no one beat the immense odds and won the giant prize.

Although the game highlights the $1.04 billion prize, that is for a winner who is paid through an annuity over 30 years. Most winners choose the cash payout option. For the next drawing Monday night, that will be an estimated $478.2 million.

With the latest bit of lottery losing, there have been 30 consecutive drawings without a jackpot winner, dating back to July 19 when a player in California won $1.08 billion. That winless streak is due to the tough odds of winning the Powerball jackpot, at 1 in 292.2 million.

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