If a lucky ticket holder scores the jackpot, they will have the choice between an annuitized prize worth an estimated $1.73 billion or a lump sum payment estimated at $756.6 million – both before taxes, Powerball said. It is also the first time in Powerball’s history that consecutive jackpot cycles have reached billion-dollar prizes, Powerball announced. The Powerball jackpot has soared to a whopping estimated $1.73 billion after no big winner was drawn Monday night, marking the second largest prize in the lottery’s history.