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Net payout different from year to year?

Topic closed. 2 replies. Last post 3 years ago by Freddy-O.

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New Member
Boston, MA
United States
Member #144712
July 14, 2013
3 Posts
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Posted: July 14, 2013, 12:41 am - IP Logged

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's avatar - blobdude
    Texas
    United States
    Member #92330
    June 5, 2010
    887 Posts
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    Posted: July 14, 2013, 2:01 am - IP Logged

    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.

    http://www.lotterypost.com/thread/263329

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      New Member
      Boston, MA
      United States
      Member #144712
      July 14, 2013
      3 Posts
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      Posted: July 14, 2013, 3:26 am - IP Logged

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