Powerball jackpot lump sum vs annuity: Which option is better?

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powerball lottery amount There are two payout options for the lucky winner: a lump sum of $ million or an annuity worth $1 billion Both are pretax estimates The Powerball Payouts ; 4, $100, 1 in 36,525 ; 3 + Powerball, $100, 1 in 14,494 ; 3, $7, 1 in 580 ; 2 + Powerball, $7, 1 in 701