With no Powerball winner, the jackpot has now grown to an astonishing record $1.9 billion. So, if you're like me, you may be wondering how much money you'd actually win?
When you score a lottery jackpot, you can either take a lump-sum payment or an annuity paid out over a an extended period of time...often decades. Obviously, the lump sum is far less than the total jackpot. But, if we're keeping it real, no one has chosen the annuity option since 2014.
So how much would the lump sum be before taxes on $1.9 billion? A little over $929 million. So nearly a billion.
If you did choose annuity, you'd get the full $1.9 billion (before taxes) over the next 29 years.
Yeah, I'd say that's worth a quick drive out to Primm to buy some tickets. Who wants to carpool?