The Powerball jackpot has climbed to an estimated $57 million ahead of the May 11 drawing after no ticket matched all numbers in Saturday’s draw. With the prize rolling over, players are now weighing their choices: a 30-year annuity payout or a lump-sum cash amount—both leading to very different “take-home” figures.
With no Powerball winner in the prior draw, the estimated jackpot for May 6 has climbed to about $30 million. Ticket holders can either take a 30-year annuity or opt for an estimated lump-sum of around $13.5 million before taxes. Despite slim odds, Powerball remains widely played across most US states and territories.
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The Powerball jackpot has surged to an estimated $130 million for the April 27 drawing after no one matched all six numbers in the prior Saturday draw. With huge interest expected, players should know winners typically choose between a 30-year annuity and a lump-sum cash option, and the amount pocketed can be much lower than the headline figure.
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