Powerball Jackpot Hits $1.8 Billion: Winners Face Big Decisions
TL;DR Summary
Powerball winners face the choice between a lump sum payment of around $826.4 million or an annuity over 29 years. An accountant advises taking the lump sum for investment control but warns of overspending risks, while the annuity offers a safer, long-term payout. Winners should keep their win confidential, seek professional advice, and pay off debts to secure their financial future.
- Powerball winners can opt for potentially "dangerous" lump sum or "safe bet" annual payments. An accountant gives advice. CBS News
- Powerball jackpot hits $1.8 billion. Here’s the tax bill if you win CNBC
- As Powerball Nears Record, Ticket Buyers Dream of New Houses and Winning in Secret The New York Times
- Powerball jackpot grows to $1.8 billion, second-largest in US lottery history CNN
- What to do immediately after winning the Powerball jackpot, according to experts The Hill
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