Win the Powerball jackpot? Think twice before taking the cash

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Most winners opt for the cash option, even though doing so means you get a reduced sum Deciding which option is best depends on a few different

As interest rates have risen in the past year, the cash prize has generated much larger annuity prizes Winners rarely take the annuity option, The advertised lottery jackpot is for winners choosing payment through an annuity over 30 years Higher interest rates mean a lump sum will grow

ace slot game CVO = Cash Value Option; AP = 30 Annual Payments* *The Grand Prize is paid in amount is $150 million or less Click here to view the Power Play Cash option: The current market value of the prize, paid in a single lump sum, less required withholding If you choose the cash option, this amount will be