Powerball jackpot hits $1B Annuity vs cash, what would you have

A Lotto Texas jackpot winner who selects the cash value option will receive a single payment of the present cash value of the jackpot prize,

In both cases, the lottery commission is putting up the same money In the payments option, they give the money to a company that issues

annuity calculator lottery With a lump sum, the winner receives all the money at once, after taxes are withheld With the cash option in the Mega Millions jackpot, the

annuity payments lottery If the jackpot is $500 million, that means the cash option would yield a one-time lump sum payment of $ million The annuity option would