Quote:
Originally Posted by jumpy
wait.. what?
$128.6million is £69.6million, where did the rest of it go?  |
They're both in $.
When you pick the single lump sum payout, the prize is reduced. $128mil is based on 28 annual payments. The lotto commission makes a bigger profit that way since they are recieving interest from various investments that allow them to make the larger annual payments. If you take the lump sum, they can't invest that weeks proceeds, so they have to offer less.