The Powerball jackpot has reached an astounding $1 billion, with the next drawing scheduled for Monday night. The winner has two payout options: a lump sum of $483.8 million or an annuity worth $1 billion paid out over 29 years. While the lump sum may be tempting, experts warn that it could be difficult to manage without financial guidance. The annuity provides a guaranteed stream of income, which could be a wiser choice for some winners.
