HomeABC NationalPowerball $1B lottery updates: Latest jackpot drawing Monday nightPowerball $1B lottery updates: Latest jackpot drawing Monday nightMon, October 31, 2022 by ABC NewsSHARE NOW Joe Raedle/Getty Images(NEW YORK) — The Powerball jackpot ahead of Monday night’s drawing is an estimated $1 billion, only the second time in the game’s 30-year- history that the main prize has hit that milestone.The cash value is estimated at $497.3 million, according to Powerball.No one matched the winning numbers on Saturday night, where the jackpot was $825 million. Saturday’s numbers were 40, 19, 57, 31, 46 and the Powerball was 23. The powerplay number was 3.Powerball said players won over $38 million in non-jackpot prizes on Saturday. Six tickets in California, Maryland, Michigan and Texas were valued at $1 million and a ticket holder in Florida won $2 million.The jackpot is Powerball’s largest prize so far this year, the second-largest Powerball jackpot ever and the fifth-largest in U.S. lottery history, according to a press release from Powerball.The largest prize in Powerball history was $1.586 billion sold in January 2016 and shared by three winners in California, Florida and Tennessee.What are your odds of winning the lotteryThe overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million, according to a statement from Powerball.How late can you buy Powerball ticketsAccording to Powerball, “sales cut-off times vary by selling jurisdiction. Please check with your local lottery for more information.”What time is the Powerball drawingThe Powerball drawings happen Monday, Wednesday and Saturday at 10:59 p.m. ET.ABC News’ Nadine El-Bawab contributed to this report. Copyright © 2022, ABC Audio. All rights reserved.