Wednesday, November 30, 2022

Annuity or lump sum? Calculating how much a $1.9 billion Powerball win is worth

Annuity or lump sum? Calculating how much a $1.9 billion Powerball win is worth

GREENSBORO, N.C.— As the Powerball jackpot smashes another record and soars to an estimated $1.9 billion, you may be wondering what a win like that would actually look like. According to the North Carolina Education Lottery, a winner that chooses the lump-sum payout for this jackpot would end up getting $929.1 million before taxes. The annuity, on the other hand,…

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