The Powerball jackpot has soared to an estimated $1.04 billion after no tickets matched all six numbers in Saturday night’s drawing.
Saturday night’s drawing produced white balls 19, 30, 37, 44 and 46 and red Powerball 22.
The $1.04 billion prize – an estimated $478.2 million in cash value – is the second-largest jackpot this year, topped only by a $1.08 billion prize won on July 19 by a ticketholder in California.
I’m not American, please explain, why is the cash value only 478.2 million? Is that after taxes or something?
It’s not after taxes.
The “jackpot” is what you get if you select an annual annuity over 30 years.
The cash value is what you get if you want it all today.
Taxes come after.
This site explains it well: https://www.usamega.com/powerball/jackpot
