Be Wary !!!
Below is a screenshot of the Powerball website taken on Friday October 6, 2023.
If you look at the Estimated Jackpot and Cash Value, you will see that Powerball reduced the estimated Cash Value from $643.7 Million to $614.0 Million.
Since the Annuity Jackpot remains at $1.40 Billion, the discount yield increases to 5.212%, up from 4.87%.
While the estimated yield increase is justified considering the U.S. Treasury Market conditions, we believe that Powerball should have kept the Cash Value at $643.7 Million and increased the Jackpot Value to $1.467 Million instead.
For documentation, the screenshot below is from the Texas Lottery website, showing the original Cash Value set.
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