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Powerball jackpot reaches estimated $1B ahead of tonight’s drawing

The jackpot for tonight’s drawing is now at an estimated $1 billion.

The jackpot climbed to $1 billion after no one matched all six numbers Saturday night when the jackpot had been $825 million.

The jackpot remains the fifth-largest in U.S. history behind another Powerball prize and three Mega Millions jackpots.

The biggest prize was a nearly $1.6-billion Powerball jackpot won by three ticket holders in 2016.

Although the jackpot is at an estimated $1 billion, lottery officials say that’s for those who receive their winnings through an annuity paid over 29 years.

Winners typically opt for cash, which for tonight’s drawing would be an estimated $497.3 million.

Chances of winning Powerball are one in 292 million.

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