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

Powerball's website proposes a simple solution to this: If you die, Powerball can convert your annuity into a cash lump sum, so you can pay

Pros: Taxes favor taking the lump sum because rates are so low right now In 25 years, who knows? Financial pros also point out that with a

annuity lottery The money can be paid either in a lump sum as already described—or through 30 years' worth of annual annuity payments, Matheson explains In the case of the

annuity payout calculator lottery Lottery Payouts So, what's the difference between a lump sum and annuity for the lottery? A lump sum lottery payout is a one-time cash payment,