The acceleration was gradual in the first few weeks, with the jackpot only topping $500 million on 19th October, but since then it has leapt from draw to draw.
The grand prize is now worth more than the $1.58 billion that was split three ways in January 2016, setting up the biggest draw of all time on Monday night. With no jackpot limit in place, it could even soar past $2 billion.
Powerball is played in 45 states, plus the jurisdictions of Washington D.C., the U.S. Virgin Islands and Puerto Rico. The only states that do not take part are Alabama, Alaska, Hawaii, Nevada and Utah. Draws take place at 10:59pm Eastern Time in Florida.
The lottery launched in 1992 and has undergone several changes over the past 30 years. Most recently, a third weekly draw was added to the schedule in August 2021, while a new Double Play game was also introduced in 13 states.
You can see the latest results after every draw on WorldLottery.net. Find out if there has been a winner of the record jackpot.