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Powerball jackpot hits $543 million. What’s the best payout option? Experts weigh lump sum vs. annuity

From cnbc.com

The Powerball jackpot has jumped to an estimated $543 million without a winner from Saturday night’s drawing. It’s the fourth Powerball jackpot to rise above half a billion dollars in 2023, and there are two grand prize options: a lump sum payout of $272.2 million or an annuitized payout of $543 million. Both options are pretax estimates. The next Powerball drawing is Monday at 10:59 p.m. ET, and the odds of winning the jackpot are 1 in 292.2 million. While the lump sum provides a full prize up front, the annuity offers one immediate payment, followed by 29 annual payouts that increase 5% each year, according to ... (full story)

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