The Powerball jackpot has soared to an estimated $1.04 billion after no tickets matched all six numbers in Saturday night’s drawing.
Saturday night’s drawing produced white balls 19, 30, 37, 44 and 46 and red Powerball 22.
The $1.04 billion prize – an estimated $478.2 million in cash value – is the second-largest jackpot this year, topped only by a $1.08 billion prize won on July 19 by a ticketholder in California.
If you get the lump sum though that’s a large amount growing when invested. You can easily take that and grow it into more than you’d get over time from the payments.
That’s not a guaranteed payout. The annuity payments, however, is. Plus, with a lump sum, Pam, you get hammered huge amounts of taxes.
If it takes you longer than 30 years to turn $200m into $1.08b then my friend you have a poor financial advisor. Also by then the $1.08b won’t be worth the same, considering inflation.
Possibly, but that’s still all speculation