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© (c) Copyright Thomson Reuters 2018.Winning ticket sold as U.S. Powerball jackpot climbs to $455 mil
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mmwkdw
If they take the upfront 352 Million, what happens to the other 207.7 Million ? Why inflate the numbers ?
serendipitous1
Mr. Taxman
domtoidi
Because the higher number is based on a 30 year payout from an investment annuity.
mmwkdw
@domtoidi - if you die before the 30 year period does the remainder go to your next of kin ? If you have a 30 year annuity that pays out 455 million, then I wonder if it could well be worth more by selling it in the market.