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cash percentages for PB and MM?

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WakeUpDifferen

Hey does anyone know the average percentage of the Jackpot for the cash values for powerball and Megamillions?  Powerball always seems lower.  I know this has a lot to do with bond values and annuity interest rates at the given time of drawing, but I was just wondering if Powerball was consistenly lower than MM why this would be?  Is more of the money being used for the state benificiaries?

 

Just curious

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Down

i think its 50% of the announced jackpot give or take

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lchoro

Powerball's annuity term is for 29/30 years/payments, which is longer than MegaMillions'.  Hence, it requires a smaller cash payout to advertise the same jackpot annuity value.

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WakeUpDifferen

Aha I see, thanks!  I'm guessing that MM is like 26 years or so huh?

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ryanm

Powerball's annuity term is for 29/30 years/payments, which is longer than MegaMillions'.  Hence, it requires a smaller cash payout to advertise the same jackpot annuity value.

  Also, Powerball adjusts its annuity jackpot for inflation, so that requires even less cash to pay a given annuity.  Mega Millions does not adjust its annuity for inflation.

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