What is the cash option for Powerball jackpots?

Posted on : November 29, 2023

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The cash option is an enticing alternative for Powerball jackpot winners. Instead of receiving the jackpot in 30 annual installments, winners who choose the cash option receive a one-time lump-sum payment. This lump-sum payment is typically less than the advertised jackpot amount but offers immediate access to substantial money.

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