If you won a $435 million Powerball, would take a one lump sum of only $263.4 million or would you opt to receive it over 29 years? So many lottery winners take a lump sum and end up going broke or bankrupt within several years. Wouldn’t it be wiser to take it over 29 years and know that you have that guaranteed annual income? That’s the decision facing the holder(s) of the lone winning ticket to Wednesday night’s Powerball.
After more than nine weeks without a top prize winner, someone has finally hit the Powerball jackpot. It wasn’t won in New Jersey, though one ticket sold in the Garden State for Wednesday’s drawing is worth $2 million.
The jackpot winning ticket for Wednesday’s $435.3 million jackpot was sold in Indiana, Powerball officials said. Indianapolis television station WRTV reported the winner made the purchase at a gas station in Lafayette. The cash value of the prize is $263.4 million.
The $435.3 million jackpot ranks as the 10th largest in lottery history.
The jackpot had been $403 million since after Saturday’s drawing but climbed in the hours before the drawing due to brisk ticket sales.