'The cash value is really what Powerball has on hand,' said Jared James, the founder Lotto Edge, which provides insights to various lotteries. The amount advertised by the Powerball as being the jackpot is not the amount the lottery has in a prize pool and able to pay to the winner. The explanation for this lies in how the full jackpot amount is calculated.
Each time chair of the Fed, Jerome Powell, raises interest rates and indirectly increases the yields on 30-year Treasury bonds, he is inadvertently increasing the size of lottery jackpotsīy comparison, in January 2021, the winner of the $730 million Powerball jackpot cashed out a whopping $550 million - or around 75 percent.
