articleThe Brief The Powerball jackpot has grown to an estimated $975 million ahead of the next drawing. The Powerball jackpot is nearing $1 billion after no big winner in Monday night's drawing. Since no one matched all five numbers and the Powerball, the prize is now $975 million with a cash option worth about $422.3 million. The current jackpot is now the eighth-largest in the game's history and the largest Powerball jackpot so far this year, according to lottery officials. The odds of winning the Powerball jackpot are 1 in 292 million, according to lottery officials.