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This number is based on the funds in the prize pool including all prior rolloversexpected ticket sales for the next drawing, and current market interest rates. Annuity Payout or Annual Payment Option: Payment scheme wherein prizes are awarded starting with 1 immediate payment followed by 29 annual payments. Lump-Sum or Cash Option: Payment scheme wherein a one-time payment is immediately awarded to the winner. This is also known as the cash option and is the more popular choice among jackpot winners. Federal Taxes: Income tax withheld by the US government, including income from lottery prize money. State Taxes: Additional tax withheld, dependent on the state. Tax Liability: The taxes you will gemany to pay in order to receive your prize.
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