As Powerball jackpot rises to $1 billion, these are the odds of winning

The Powerball jackpot is now worth $1 billion, but bettors' odds of winning are slim.

The pot rose from $922 million after there were no winners in Monday's drawing for the grand prize. For $2, those who want a shot at winning the jackpot can get one ticket. The odds of winning are 1 in 292.2 million, according to Harvard University statistician Mark Glickman.

The odds of winning $1 million are 1 in 11.7 million.