The massive jackpot for for Monday’s lottery drawing has jumped to an estimated $1 billion, with a cash option of $483.8 million. The drawing will be held at 10:59 p.m. and televised on WABC-7 in the New York City area and Fox 29 in the Philadelphia area. NJ.com will publish the winning numbers immediately following the drawing. Monday’s jackpot is potentially the 11th largest in U.S. lottery history. No one has hit the Powerball jackpot since a lottery player in Michigan won the $842.4 million jackpot on New Year’s Day. While no one across the country hit Saturday’s $951 million jackpot, four…