News Summary

• The winning numbers for the first Powerball drawing of the new year were: 12, 21, 42, 44, 49 and a Powerball of 1.Final ticket sales pushed the jackpot beyond its earlier estimate of $810 million to $842.4 million, according to powerball.com..
• However, the odds of winning it were as slim as ever, about 1 in 292.2 million.The winner will have the option of taking an annuitized prize worth an estimated $842.4 million or a lump cash payment estimated at $425.2million, both of which will have taxes deducted..
• "In addition to our big jackpot winner, there are hundreds of good causes supported by U.S. lotteries that will receive further funding from this jackpot run..
• (Joe Raedle/Getty Images / Getty Images)The pot was ranked as the fifth-largest Powerball jackpot and 10th-largest U.S. lottery jackpot in history, according to the Multi-State Lottery Association..
• Check out what's clicking on FoxBusiness.comMonday’s Powerball jackpot is worth $842.4 million and there is one lucky winner in Michigan..
• With the annuity option, players will get one immediate payment followed by 29 annual payments that increase by 5% each year, lottery officials said..