Why is the cash option for the $1.2B Powerball drawing so low? The answer might surprise you - mlive.com
Why is the cash option for the $1.2B Powerball drawing so low? The answer might surprise you - mlive.comLANSING, MI – It’s a question that lottery players both casual and hardcore ask themselves and others when talking about winning the multi-million-dollar jackpot.
“Would you take the cash option up front or the annuity for the full prize amount?”
With the annuitized prize valued at $1.2 billion for the drawing on Wednesday, Nov. 2 and the cash option worth an estimated $596.7 million, it’s something players will have to consider if they are lucky enough to win...
“Would you take the cash option up front or the annuity for the full prize amount?”
With the annuitized prize valued at $1.2 billion for the drawing on Wednesday, Nov. 2 and the cash option worth an estimated $596.7 million, it’s something players will have to consider if they are lucky enough to win...
- The cash option is determined by the numbers of tickets actually sold during the run of drawings that haven’t had a winner.
- Powerball is also required to have the total value of the cash option on hand to payout immediately if a player selects that option, meaning Powerball estimates that $596.7 million worth of tickets have been sold (or will be sold prior to tonight’s drawing) since the last winner was bought on Aug. 3...
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