"Record-breaking Powerball Jackpot Nears $1 Billion in Tonight's Draw"

The Powerball jackpot has reached $960 million, making it the second-largest jackpot this year and the fourth-largest in Powerball history. The winner can choose between a lump sum payment of approximately $278 million after taxes or 30 annual payments that increase each year. The odds of winning the grand prize are 1 in about 292.2 million. The drawing will take place tonight at 10:59 p.m. ET.