Powerball actual jackpot

Reply #10

Todd — Sat, 12 Oct 2002 10:21:53 GMT

There is no set forumla that works from week-to-week for determining the cash value. That is because the cash value is directly based on sales - the amount of sales determines the cash value, which together with prevailing rates determines the annuity value. Then, the lottery advertises the annuity value. You can see that backtracking to the cash value is not a set forumla, because it is based on fluctuating rates.If you're looking for a ballpark figure, you can use an average percentage, lik... [ More ]

Reply #9

Thomas Covenant — Sat, 12 Oct 2002 05:58:34 GMT

The cash option varies slightly(with the interest rates). Usually the cash option is 56% of the advertised Jackpot. Federal Withholding is 27%. On a calculator:44000000 x .56=24640000 then:24640000 x .73=17987200This is close enough

Reply #8

karamsinghuk — Sat, 12 Oct 2002 05:46:26 GMT

They used to have that service here but now this link is dead. Any idea where this site has gone to now?http://broadcast.webpoint.com/wgnradio/lottery/lottery_whowins.htm

Reply #7

karamsinghuk — Sat, 12 Oct 2002 05:41:12 GMT

thanks mate for your reply.

Reply #6

visiondude — Sat, 12 Oct 2002 04:18:47 GMT

none that i know of. todd the webmaster of this site is the go-to-guy for all things lottery. e-mail or private message todd. if he can't get you the info, it probably doesn't exist (lol)..........visiondude

Reply #5

karamsinghuk — Sat, 12 Oct 2002 04:10:15 GMT

thank you vision dude for taking the trouble to give me the link. But I am really looking for a site which allows me to key in any figure of the jackpot and it then gives me back the cash option figure.Do you know any

Reply #4

visiondude — Fri, 11 Oct 2002 18:12:43 GMT

karam, i wrote all that out and forgot the address. here it is :http://www.biggamelottery.com/jackpot.htm...............vision - a little slower than usual - dude

Reply #3

visiondude — Fri, 11 Oct 2002 18:08:56 GMT

karam, here is the link to the jackpot analysis website. it list's all the states included in the mega-millions game. an excellant tool to inform the winners financial advisor just how much work they have to do (lol).all the best, .......................visiondudep.s. don't forget to play cash option . cash only might be mad at me if i neglected to mention that (lol

Reply #2

karamsinghuk — Fri, 11 Oct 2002 16:49:21 GMT

thank you RJOh. I went to the site but cannot find the part where it calculates for you. Can you or anyone else cut and paste the link. Thank you very muchKaram

Reply #1

RJOh — Thu, 10 Oct 2002 21:11:27 GMT

You can get the cash value of the Powerball jackpot at it's web site. The cash amount is before Federal and State taxes are subtracted. For the Megamillion, Todd has a Jackpot Analysis section at biggamelottery.com that calculates the cash value after taxes.RJOh

Powerball actual jackpot

karamsinghuk — Thu, 10 Oct 2002 20:14:50 GMT

Is there any web site that allows me to enter the current Powerball Jackpot figure and it calculates the actual cash amount.For example the current jackpot is 44 million, then the site calculates and gives me around 24 million cash if lump sumcash option is chosed.Thank you for all helpKaram Singh