Monday night’s Powerball Jackpot is estimated to be worth $670 million

Monday night’s Powerball Jackpot is estimated to be worth $670 million

New York Lotto slips are displayed on a rack along with Mega Millions and Powerball slips at the Lasting Impression shop at the Empire State Plaza on Thursday, Jan. 30, 2014, in Albany, N.Y. New York’s venerable twice-weekly Lotto drawing continues its long-term decline in an age of multi-state mega jackpots. Even as overall lottery revenues grew, receipts from Lotto dropped from $137.5 million in 2005 to a projected $44 million for the state fiscal year ending March 31. (AP Photo)

(AP) — The biggest lottery prize in more than eight months is growing larger after no ticket matched all five numbers and the Powerball in Saturday night’s drawing. The estimated jackpot for the next drawing on Monday is $670 million. The jackpot has slowly climbed thanks to 40 consecutive drawings without a grand prize winner. There hasn’t been a bigger Powerball jackpot since a $731.1 million prize was won on Jan. 20. The odds of winning the jackpot are one in 292.2 million. The estimated jackpot amount refers to an annuity option. Most winners take cash, which for Monday’s drawing would be an estimated $474.8 million, before taxes.

Photo: New York Lotto slips are displayed on a rack along with Mega Millions and Powerball slips at the Lasting Impression shop at the Empire State Plaza on Thursday, Jan. 30, 2014, in Albany, N.Y. (AP Photo)