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When is the powerball drawing?

The $365 million jackpot would be paid in 30 installments; 29 annually after the first payment.

The payments are graduated as follows:
1st, $6,507,986
2nd, $6,788,306
3rd, $7,039,038
4th, $7,320,599
5th, $7,613,423
6th, $7,917,960
7th, $8,234,679
8th, $8,564,066
9th, $8,906,628
10th, $9,262,894
11th, $9,633,409
12th, $10,018,746
13th, $10,419,496
14th, $10,836,275
15th, $11,269,726
16th, $11,720,515
17th, $12,189,336
18th, $12,676,910
19th, $13,183,986
20th, $13,711,345
21st, $14,259,799
22nd, $14,830,191
23rd, $15,423,399
24th, $16,040,335
25th, $16,681,948
26th, $17,349,226
27th, $18,043,195
28th, $18,764,923
29th, $19,515,520
30th, $20,296,141
Federal and State income tax is withheld on each payment.
 
Originally posted by: jspeicher
The $365 million jackpot would be paid in 30 installments; 29 annually after the first payment.

The payments are graduated as follows:
1st, $6,507,986
2nd, $6,788,306
3rd, $7,039,038
4th, $7,320,599
5th, $7,613,423
6th, $7,917,960
7th, $8,234,679
8th, $8,564,066
9th, $8,906,628
10th, $9,262,894
11th, $9,633,409
12th, $10,018,746
13th, $10,419,496
14th, $10,836,275
15th, $11,269,726
16th, $11,720,515
17th, $12,189,336
18th, $12,676,910
19th, $13,183,986
20th, $13,711,345
21st, $14,259,799
22nd, $14,830,191
23rd, $15,423,399
24th, $16,040,335
25th, $16,681,948
26th, $17,349,226
27th, $18,043,195
28th, $18,764,923
29th, $19,515,520
30th, $20,296,141
Federal and State income tax is withheld on each payment.
Click to expand...

im lump suming it, no frickin installments for me i want it all, and i want it now
 
Originally posted by: jspeicher
The $365 million jackpot would be paid in 30 installments; 29 annually after the first payment.

The payments are graduated as follows:
1st, $6,507,986
2nd, $6,788,306
3rd, $7,039,038
4th, $7,320,599
5th, $7,613,423
6th, $7,917,960
7th, $8,234,679
8th, $8,564,066
9th, $8,906,628
10th, $9,262,894
11th, $9,633,409
12th, $10,018,746
13th, $10,419,496
14th, $10,836,275
15th, $11,269,726
16th, $11,720,515
17th, $12,189,336
18th, $12,676,910
19th, $13,183,986
20th, $13,711,345
21st, $14,259,799
22nd, $14,830,191
23rd, $15,423,399
24th, $16,040,335
25th, $16,681,948
26th, $17,349,226
27th, $18,043,195
28th, $18,764,923
29th, $19,515,520
30th, $20,296,141
Federal and State income tax is withheld on each payment.
Click to expand...


Do they not offer a reduced lump sum payment ? You can do far better over the long run investing versus their simple interest payout.
 
Besides, most lotteries don't have a contigency plan if you die over the course of receiving installments. Your family won't get squat if you die.
 
we dont have powerball. so i played the megamillions for $170Mil.

Meh... gambling is like flushing money down the bowl, then praying to God some of it floats back... but I figured, what the hell... i had some fortune cookie numbers to play.

🙂
 
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