Should Powerball lottery winners take lump sum prize or annuity

website lottery lump sum payout Powerball offers a similar payout option Most winners opt for the cash option, even though doing so means you get a reduced sum Deciding which option is best lottery result 12 4 24 There are two grand prize options: a lump sum of $ million or an annuitized payout of $543 million The next Powerball drawing is on Monday

lottery lump sum payout Few of us have the privilege of deciding whether to take the lump sum or annuity when we win  The total payout value is discounted when you take the lump sum The interest rate used in the present value calculation is long term bond rate   In the US, large lottery winnings generally are advertised as an annuity amount, paid in 20 or more installments; in most cases, a cash option is available The

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