With the upcoming drawing set to take place on Monday night, the Powerball multiplier of 3x has propelled the prize to a staggering $975 million, making it the fifth-largest prize in Powerball's history.

According to a news release, the previous Powerball jackpot, totaling $842.4 million, was won on January 1st by a lucky ticket holder in Michigan. However, the record for the largest Powerball jackpot stands at an astounding $2.04 billion, claimed by a ticket holder in California in 2022.

Should a winner be selected this time around, they will have the choice of receiving the prize in either a lump sum or through an annuity that spans 30 years. The current estimated lump sum payment for the Powerball jackpot stands at an impressive $471.7 million.

The odds of winning the Powerball jackpot are astonishingly slim, with a probability of roughly 1 in 292.2 million. Despite the slim chances, the allure of the massive prize keeps participants eagerly buying tickets in the hopes of striking it rich.

With the jackpot inching closer to the billion-dollar mark, lottery enthusiasts and casual players alike are eagerly awaiting the results of Monday night's draw. As the anticipation builds, many are left wondering whether a single ticket will take home the life-changing prize or if the pot will continue to grow, setting the stage for an even more incredible jackpot. Only time will tell.

As Powerball fever spreads, people across the country are eagerly awaiting their chance to test their luck and fulfill their dreams of a monumental payday.