cash percentages for PB and MM?

Reply #4

ryanm — Thu, 06 Oct 2005 04:31:50 GMT

Also, Powerball adjusts its annuity jackpot for inflation, so that requires even less cash to pay a given annuity. Mega Millions does not adjust its annuity for inflation.

Reply #3

WakeUpDifferen — Thu, 06 Oct 2005 04:13:52 GMT

Aha I see, thanks! I'm guessing that MM is like 26 years or so huh

Reply #2

lchoro — Thu, 06 Oct 2005 04:08:29 GMT

Powerball's annuity term is for 29/30 years/payments, which is longer than MegaMillions'. Hence, it requires a smaller cash payout to advertise the same jackpot annuity value.

Reply #1

Down — Thu, 06 Oct 2005 03:43:29 GMT

i think its 50% of the announced jackpot give or take

cash percentages for PB and MM?

WakeUpDifferen — Thu, 06 Oct 2005 03:37:45 GMT

Hey does anyone know the average percentage of the Jackpot for the cash values for powerball and Megamillions? Powerball always seems lower. I know this has a lot to do with bond values and annuity interest rates at the given time of drawing, but I was just wondering if Powerball was consistenly lower than MM why this would be? Is more of the money being used for the state benificiaries? Just curious