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Powerball Annuity Jackpot Analysis for Puerto Rico

Media: You may freely use any information on this page, but you must credit www.usamega.com.

The Powerball annuity jackpot is awarded according to an increasing rate schedule, which increases the amount of the annuity payment every year. The table below shows the payout schedule for a jackpot of $202,000,000 would be for a resident of Puerto Rico, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year. They are not intended to specify the final tax burden, which may vary depending on how the winner chooses to invest or dispense their prize money. (For example, if the winner gave all their fortune to charity, they may actually end up getting money back that was initially withheld, whereas someone who buys a new mansion and a fleet of new cars would probably end up owing more taxes than shown.)

Powerball Annuity Jackpot Analysis for Puerto Rico Media: You may freely use any information on this page, but you must credit www.usamega.com . The Powerball annuity jackpot is awarded

Puerto Rico Powerball Winner Claims Prize, Chooses To Stay Anonymous

Puerto Rico’s Powerball winner presented one of three winning tickets to last week’s $564 million jackpot, island lottery officials said on Thursday.

But the lucky island resident, who will share the prize with the Texas and North Carolina winners, has chosen to remain anonymous.

The lucky person, who bought the ticket at a Shell station in Ponce, Puerto Rico, is not a resident of that southern city, according to Puerto Rico Lottery officials.

The winner has 60 days to decide if he or she wants a lump sum of $101 million or 30 payments over 30 years.

“For those who doubted that this prize could be won on the island, this is proof that the possibilities are real,” said the Assistant Secretary to the Puerto Rico lottery.

Puerto Rico's Powerball winner presented one of three winning tickets to last week's $564 million jackpot, island lottery officials said on Thursday.