No winner in Monday's Powerball drawing has the next jackpot approaching $1 billion

No winner in Monday's Powerball drawing has the next jackpot approaching $1 billion

After no winning ticket was sold for the most recent drawing, the Powerball jackpot increased once more to an estimated $1 billion.

A single ticket did not match the white balls 5, 8, 9, 17, 41 and red Powerball 2 in the drawing on Monday. The projected jackpot value was $900 million.

The new prize for Wednesday's drawing would rank third in all of American history and it will continue to increase until a winner is found.

A $516.8 million lump sum payment before taxes or $1 billion paid out in year installments are the prizes available to ticket holders.

A $516.8 million lump sum payment before taxes or $1 billion paid out in year installments are the prizes available to ticket holders.

The winning tickets were sold in Arkansas, Georgia and Texas.