Going to win $1.2B Powerball prize? Consider not taking cash

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www.wxxv25.com – WXXV Staff – 2022-11-02 14:12:16

Powerball
FILE – A rack with cards bettors can use to choose their own numbers to purchase lottery tickets for the Saturday Oct. 29, drawing of the Powerball lottery, are seen on a counter at a market in Prospect, Pa., Friday, Oct. 28, 2022.(AP Photo/Keith Srakocic)

DES MOINES, Iowa (AP) — Think you’re a sure bet for Wednesday night’s estimated $1.2 billion Powerball jackpot?

If so, you need to decide whether to take cash, which would actually pay out $596.7 million, or choose the $1.2 billion annuity option that is twice as large but is paid out over 29 years.

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