Time to talk payout! So say you were the winner of Friday's $1.35 billion jackpot. Nice job! Two payout options would be made available to you. One option involves an annuity paid over a 29-year period. The second and more common choice is a lump sum cash option, which would cut your jackpot earnings in half! Ouch! The tax man cometh in a big way on that dollar amount! But then again, you'd still be sitting pretty as the halfway mark is $707.9 million. Most people wouldn't flinch at that amount, and I'm one of them.
As NO winners matched all six Powerball numbers to cash in on Wednesday's lottery (November 2nd), the JACKPOT HAS NOW RISEN TO AN ASTRONOMICAL $1.5 BILLION! Currently, this is the second-largest jackpot in history! The biggest Powerball prize was $1.586 billion paid to three winners in 2016. This week's dollar amount is so incredibly high because the last time anyone hit all six numbers was in August of 2022. The next drawing is this Saturday night (November 5th), so time to get your game face on and mastermind those winning numbers!