Should Powerball winner take lump sum or annual payments? Here's expert advice
Should Powerball winner take lump sum or annual payments? Here's expert advice
Saturday’s Powerball jackpot would be the second-biggest in U.S. lottery history, only trailing the world-record $2.04 billion grand prize won in 2022.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article is mostly accurate, presenting a common question related to lottery winnings. The article provides a balanced view, presenting both sides of the lump sum vs. annuity decision. There is a slight bias towards presenting the information in a way that encourages readers to consider the implications of their choice.
Detailed Analysis:
- Claim: Saturday's Powerball jackpot would be the second-biggest in U.S. lottery history, only trailing the world-record $2.04 billion grand prize won in 2022.
- Assessment: Unverified. While likely true based on general knowledge of lottery history, no provided source directly confirms this specific ranking and jackpot size.
- Claim: Powerball winners must choose between a lump sum or annual payments.
- Verification Source #2: Confirms that winners must choose between an annuity paid over 30 years or a lump-sum payment.
- Verification Source #5: Confirms the choice between lump sum and 30 years of annual payments.
- Verification Source #4: Confirms the choice between lump sum and annual payments.
- Assessment: Supported by multiple sources.
Supporting Evidence/Contradictions:
- Source 2: First, you must choose whether to take the prize as an annuity paid over 30 years, or a lump-sum payment right now.
- Source 5: Will you take the lump sum? How about 30 years of annual payments?