After no winners, Powerball increases to $1.2 billion. Monday

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The third-largest U.S. lottery reward of the year

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the Powerball jackpot climbed to an estimated $1.2 billion late Monday

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with a cash value of $551.7 million.

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with a cash value of $551.7 million.

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According to lottery officials, this is the first time in Powerball

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jackpot draws have produced grand prizes over $1 billion

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The $1.08 billion Powerball jackpot was last won on July 19

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when a ticket bought in California was the lone winner

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there have been 31 lotteries in a row without a top prize winner

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