|Posted: September 15, 2014, 4:38 pm - IP Logged|
Has anyone else noticed a big reduction in the cash value of Powerball? When the jackpot had annuity of $127 million, the cash value was $77.3 million.
The following draw the annuity went up $22 million while the cash value gained $13.4 million making it $90.7 million with an increase of 60.9%, the upcoming drawing raised the annuity $22 million up to $171 million but the cash value added $11.3 million to sit at $102 million thereby only increasing 51.3%.
How can the percentage change be so drastic in less than a week? To keep it comparable with the previous drawing, the annuity needs to be $167-168 million and not $171 million.