Powerball Jackpot Soars to $1.8 Billion: Expert Advice on Lump Sum vs. Annuity
Powerball Jackpot Soars to $1.8 Billion: Expert Advice on Lump Sum vs. Annuity As the Powerball jackpot reaches an estimated $1.8 billion for Saturday night’s drawing, lottery fever grips the nation. For the fortunate individual holding the winning $2 ticket, a critical decision awaits: whether to accept a lump sum payment or opt for annual installments. Winners face the choice of an immediate cash payout, estimated at roughly $826.4 million before taxes, or an annuity structured as 30 graduated payments…