$1.6 billion Powerball prize up for grabs after jackpot rolls over

By Susannah Cullinane, CNN (CNN) — An estimated $1.6 billion is up for grabs in Monday’s Powerball draw after the jackpot rolled over on Saturday. If a player hits the jackpot on Monday, they can choose between an annuitized prize estimated at $1.6 billion or a lump sum payment estimated at $735.3 million before tax.