Second highest Powerball jackpot in history

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RAPID CITY, S.D. (KEVN) - The Powerball Jackpot stands at a whopping $1 billion. It is only the second time in Powerball’s history that the jackpot has escalated this high.

The drawing is tonight. The winner will have the choice to take a cash payment of just under $500 million upfront or the whole billion in the form of 30 payments spread out for over 29 years.

The record-setting jackpot was more than $1.5 billion in January 2016.