Tonight’s Powerball- Lump Sum or Annuity?

Big thanks to Justin Louis from our sister station 92.7 WOBM for finding this chart on what would happen if you won tonight's $1.5 BILLION dollar jackpot and chose the annuity that pays you over 30 years.

First of all, if you take the winnings in a lump sum payment, you will receive $930 million dollars BEFORE federal taxes. After federal taxes are taken out, you will receive a lump sum payment of $669.6 million dollars. Not too shabby!

Now if you take the 30 year annuity, after taxes and stuff, the first year you will receive $16 million. The second year and third year around 17 million and it keeps going up every year after that. The last check you will get in 2046 will be for $66.9 million bucks!

Check out the chart below courtesy of USAMega.com