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After 38 drawings without a grand prize winner, the Powerball jackpot has climbed to $1.2 billion.The cash option for the prize is estimated to be $596.7 million.Jan 18, 2024 · You need to follow the below to estimate the annuity payments of a Powerball jackpot: Use the following growing annuity formula to compute the payout in a given year ( n ): Payout in year n = -Gross payout / [ (1 − 1.0530) / 0.05] × 1.05n−1. Deduct federal tax, which is about 37% of the given annuity payout. Deduct state tax, if applicable. Why You Need to Do Research on Lottery Scratchers. Lottery scratchers are distributed to retailers in large rolls. Each roll is guaranteed to have a certain number of winners. Some of those winning scratch-off prizes will have bigger values, others will have smaller ones. The lottery scratchers usually advertise grand prizes, like a "$1 Million ...Jackpot. 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