|
I'd like to add it might also depend on which game you play and size of the jackpot.
Cash payout
Mega Millions: 66% of listed jackpot
Powerball: 54% of listed jackpot
Annual payout
Mega Millions: 26 checks of the same size
Powerball: 30 graduated checks that increase by 4% a year
So in the case of a $100 million jackpot
Cash payout
Mega Millions: $66 mil payout
Powerball: $54 mil payout
Annual payout
Mega Millions: 26 checks of $3.85 mil each
Powerball: 30 graduated checks that start at $1.75 mil and increase at 4% a year. Last check would be $5.4 million
|