Powerball jackpot reaches estimated $1B ahead of tonight's drawing; 5th-largest jackpot in US history

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Powerball jackpot reaches estimated $1B ahead of tonight's drawing; 5th-largest jackpot in US history
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The jackpot remains the fifth-largest in U.S. history behind another Powerball prize and three Mega Millions jackpots.

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.Chances of winning Powerball are one in 292 million.

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