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Powerball cash payout

Topic closed. 1 reply. Last post 11 years ago by RJOh.

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baton rouge
United States
Member #10797
January 26, 2005
86 Posts
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Posted: December 6, 2005, 12:15 am - IP Logged

I have observed that the Powerball cash payout of the grand prize is less than 50% , while the Megamillons cash payout of the grand prize is greater than 50%.

Can anyone explain the reason for this. Who sets this percentage numbers.

 

 

    RJOh's avatar - chipmunk
    mid-Ohio
    United States
    Member #9
    March 24, 2001
    19900 Posts
    Online
    Posted: December 6, 2005, 12:53 am - IP Logged

    The payouts for both games are their cash value.  Their jackpot amounts are based on what that cash amount could earn based on their individual annuities plans which are different for both games thus the different in their jackpot amounts for the same cash value. 

     * you don't need to buy more tickets, just buy a winning ticket * 
       
                 Evil Looking