> If they advertised a million dollar prize, I win it and then they tell me it is actually 25k over 40 years
This is pretty much how almost all of these things go, including the state and multi-state lottery jackpots.
You can choose your $300M Powerball payout to be paid over 30-40 years, or you can take $125M (very loose numbers) today. Most recipients choose the cash payout, even though of course the jackpot is advertised at the annuity value.
This is pretty much how almost all of these things go, including the state and multi-state lottery jackpots.
You can choose your $300M Powerball payout to be paid over 30-40 years, or you can take $125M (very loose numbers) today. Most recipients choose the cash payout, even though of course the jackpot is advertised at the annuity value.