Net payout different from year to year?Prev TopicNext Topic

• Freddy-O

  

  Boston, MA
  United States
  Member #144,706
  July 14, 2013
  3 Posts
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  Jul 14, 2013, 12:41 am

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  Hello all,
  
  I noticed that the net payout for a same jackpot varies from year to year. Is it normal?
  
  For instance, the next Powerball is $116M, which nets $47.250M in my state of MA.
  
  The same $116M Powerball jackot last year netted $52.920M.
  
  Why is it different? Any clue?
  
  Thanks!
• ttech10

  

  Texas
  United States
  Member #92,326
  June 5, 2010
  887 Posts
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  Jul 14, 2013, 2:01 am

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  Year to year should definitely be a difference as the interest rate changes. It takes less money now to invest and turn into that $116m.

   

  In another thread someone brought up how for Powerball it seems to constantly change. Even within a week the cash value will be different for one rollver amount than another (though oddly enough two rollover amounts in a row will have the same amounts). It's looking to even be different with MegaMillions. Their cash value has been $1m less than what it typically is.

  https://www.lotterypost.com/thread/263329
• Freddy-O

  

  Boston, MA
  United States
  Member #144,706
  July 14, 2013
  3 Posts
  Offline
  Jul 14, 2013, 3:26 am

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  Thanks for the reply. I just found a $5M difference quite big.