Cash vs. Annuity: What’s the Difference?

Sep 10, 14 Cash vs. Annuity: What’s the Difference?

Sept. 10, 2014 – Tonight’s Powerball jackpot is worth an estimated $127 million, and has a cash value of about $77.3 million.

But what does that “estimated,” really mean?  Why is the cash value lower than the “estimated” jackpot?

We hear players asking these questions all the time, and wanted to put the issue to rest.  Watch the video below to see just how jackpot estimates work, and why your jackpot’s cash option won’t be the number you see on billboards or on the LotteryHUB app.

Video by Adam Theall

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Written by Matt Isaacs

Matt is the Editorial Manager for the LotteryHUB News Team. Matt graduated from Rutgers University’s School of Journalism and Media Studies in May 2013

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