LANSING, MI -- The sixth largest Powerball jackpot of all time is up for grabs as the estimated grand prize for the drawing on Monday, Dec. 15 is worth $1.1 billion with a cash option of $503.4 million. Once again, MLive will provide results of the drawing shortly after it takes place at 11 p.m. EST.

A $1.1 billion Powerball jackpot could provide someone with plenty of spending money just 10 days before Christmas. The total would be the sixth-largest jackpot in the game's history, and the 12th-largest in U.S. lotto history including Mega Millions. The drawing will be just before 11 p.m. ET on Monday.

Powerball made history on Jan. 11, 2016, the first time a lottery jackpot hit $1 billion. When no one matched all five numbers plus the Powerball in the (Saturday) Jan. 9, 2016, drawing for $949 million, the Monday jackpot soared to $1.4 billion. (No one won that drawing either.)

But even if you’re not a big lottery winner in Saturday’s Powerball drawing, it’s still worth heeding this advice for managing a significant sum of money

A Pennsylvania Lottery retailer in Beaver County sold a Powerball ticket worth $2 million for the Dec. 13 drawing, lottery officials said.