You might not realize that an economic reality like interest rates impact even the Powerball jackpot, but they do!” Annuity “The higher the interest rates, the higher the advertised Grand Prize. “The annuity factor is made up of interest rates for securities purchased to fund prize payments,” the Powerball website says. The Multi-State Lottery Association says it involves “many factors.” The biggest two are sales and what they refer to as “the annuity factor.” The amount of the “advertised Grand Prize estimate” isn’t as simple as taking a percentage of total sales. To understand the discrepancy between the lump sum and the annuity, it’s worth knowing what exactly goes into that estimated jackpot. The annuity, on the other hand, would pay out the full $1.9 billion over 29 years. Can you buy Powerball tickets online? It depends on where you liveĪccording to the North Carolina Education Lottery, a winner that chooses the lump-sum payout for this jackpot would end up getting $929.1 million before taxes.
