This allows winners to grow their money through compound interest over a longer period of time.Įither way, Powerball suggests consulting a financial expert before you decide which option is best for you. The full jackpot amount paid out as an annuity over 30 years.ĭespite the much lower payout, many winners chose the lump sum option since it can be invested right away.That's just under half of the current jackpot of $800 million, according to Powerball's calculations. A smaller lump sum that only includes money on hand from the sale of tickets for the drawing.The exact amount you win varies based on two payout options:
