Someone Could Win the Third Largest Powerball Jackpot Ever

  • last year
Wednesday's Powerball drawing is an estimated $1 billion, the third largest prize ever.
Transcript
00:00 Alright people, how many of y'all are getting ready to play today's big powerball lottery
00:04 and try to win that $1 billion?
00:05 This is the third largest lottery ever.
00:08 So the question is, have you ever gave any thought on what you would do if you were to
00:12 win?
00:13 Now obviously everybody's going to quit their job, right?
00:15 But the real question is, have you ever thought about if you would take the lump sum payment
00:18 or the annuity payment option to be paid out over 30 years?
00:22 Those two differences are going to be drastically in terms of amounts.
00:25 Because obviously you got to consider the federal and state income taxes.
00:28 So let's just say you live in Florida for instance, right?
00:31 The lump sum payment would be about $326 million versus $631 million for the annuity.
00:37 So what would you do?
00:38 (door creaking)

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