Powerball Jackpot: Experts Weigh Lump Sum vs. Annuity as $1.8 Billion Prize Looms

With the Powerball jackpot soaring to an eye-popping $1.8 billion, the life-changing question for future winners is simple: lump sum or annuity? A lump sum payout of about $826.4 million gives immediate access to cash but carries the risk of overspending and heavy tax hits. The annuity, paid in 30 installments over 29 years, is considered the “safe bet,” protecting winners from blowing through their fortune too quickly. New Jersey CPA Dan Geltrude warns that many past lottery winners have gone broke, advising new millionaires to stay quiet, sign the ticket, and consult professionals before making big moves. The odds of winning are still 1 in 292.2 million, but with tickets sold in Missouri and Texas, the big question remains: what will the winners choose?