Monday's, December 22 Powerball drawing is now at $1.6 billion and is nearing the record jackpot for the year.

The Iowa Lottery offers several draw games for those aiming to win big with rewards ranging from $1,000 to millions.

If a ticket matches all five numbers plus the Powerball on Saturday, Dec. 20 at 11 p.m. ET drawing, the winner can choose a one-time cash payment of $686.5 million before taxes.