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Fancy your chances? The third largest Powerball jackpot ever is ripe for the picking during Monday’s drawing. An enormous $900 million jackpot grand prize awaits the lucky winner, according to Powerball. This staggering 900 million jackpot places itself in the annals of lottery history as one of the most colossal amounts ever up for grabs.

$900 Million Jackpot: A Winner's Dilemma

Should a player strike it lucky and clinch the 900 million jackpot in Monday's draw, they would face the choice between an annuitized prize of approximately $900 million or a lump-sum payout estimated at $465.1 million. However, it should be noted that these totals are prior to any tax deductions.

Powerball Fever Sweeps the Nation After No Recent Winners

The sizeable 900 million jackpot rolled over after no ticket managed to match all six numbers drawn on Saturday night. The white balls drawn were 2, 9, 43, 55, 57 along with the red Powerball 18. With 37 consecutive drawings without a jackpot winner since its April 19 drawing - which saw an Ohio ticket take home a grand prize of $252.6 million - the Powerball fever is sweeping across the nation.

$900 Million Jackpot: Ranking Among the Top US Lottery Jackpots

Monday’s grand prize not only stands as the third largest Powerball jackpot but also the seventh largest in US lottery history. The top spot still belongs to the record-shattering Powerball prize of $2.04 billion that was won in California on November 7.

However, the odds of bagging the jackpot stand at 1 in 292.2 million, as noted by Powerball. Despite no jackpot winner in Saturday's draw, three tickets sold in Colorado and Texas matched all five white balls, each scooping up $1 million prizes.

Mega Millions Follows Suit with Hefty Prize

The $900 million jackpot isn't the only enormous lottery prize in play this week. The Mega Millions jackpot also swelled to an estimated $640 million, following the absence of a winner on Friday. The next Mega Millions draw is scheduled for Tuesday at 11 pm ET, setting the stage for a potentially life-changing week for some lucky ticket holders.