Why does a Megabucks or Powerball jackpot winner only get approximately half of the jackpot when he or she chooses the CASH payment option?
The CASH payment option is a one-time-only cash payment of the available jackpot prize money. The CASH option represents the amount of money in the jackpot prize pool at the time of winning, and is generally 40-50% less than the estimated annuitized amount because it does not contain the interest that would have accumulated over the years of incremental prize payments.
Related Questions
- Why does a Megabucks Plus!, Hot Lotto or Powerball jackpot winner only get approximately half of the jackpot when he or she chooses the CASH payment option?
- Why does a Megabucks Plus! or Powerball jackpot winner only get approximately half of the jackpot when he or she chooses the CASH payment option?
- Why does a Megabucks or Powerball jackpot winner only get approximately half of the jackpot when he or she chooses the CASH payment option?
