That's where the higher interest rate becomes a factor, because the higher the interest rate, the larger the annuity can grow over three decades. The highlighted $1.05 billion prize is for a sole winner who is paid through an annuity, which is funded by that lump sum and will be doled out annually over 30 years.
The lump sum is the cash that a winner has actually won.
Nearly all jackpot winners opt for a lump sum payout, which for Tuesday night's drawing would be an estimated $527.9 million.
