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The Powerball jackpot has climbed to an estimated $1 billion after no winner was declared in the previous drawing.

The next drawing is scheduled for Dec. 13, with a cash option of approximately $461.3 million.

This jackpot currently ranks as the seventh-largest in Powerball history.

After Wednesday night's $930 million jackpot went unclaimed, the total winnings have reached the billion-dollar mark.

On Dec. 10, the drawing had a cash prize of $429 million, and the jackpot was the seventh-largest in Powerball history . Now that the jackpot has crossed the billion-dollar line, we could soon see the sixth-largest grand prize ever.

This total comes only a few months after a lucky winner won the $1,787 billion grand prize in September, the second-highest jackpot in th

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