"Powerball and Mega Millions Jackpots Soar to Nearly $2 Billion Combined"

The Powerball jackpot has surged to an estimated $975 million after no one matched the six numbers drawn on Saturday night, marking nearly three months without a big winner. The last jackpot was won on New Year's Day in Michigan for $842.4 million. The $975 million prize is for a sole winner who chooses an annuity paid over 30 years, or $471.7 million in cash. The odds for the latest drawing were 1 in 292.2 million, and the game is played in 45 states plus Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.