NewsFOX 13 Tampa BayAugust 12, 2026Hillsborough
Powerball jackpot reaches $1 billion with $433.1 million cash option
The Powerball jackpot has reached an estimated $1 billion for the upcoming Wednesday drawing. Winners have the choice between a one-time lump sum payment of $433.1 million before taxes or receiving the full amount through 30 annuity payments over 29 years.
Read the full story at FOX 13 Tampa BayWhy It Matters
Residents participating in the lottery face a choice between a $433.1 million immediate cash payout or a multi-decade payment schedule for the $1 billion total prize.
Key Facts
Each fact below is taken from the article. Click one to see the exact passage.
Who's Mentioned
organizationFlorida Lottery“State agency managing lottery operations and prize payouts.”personBryce Harper“Professional athlete used for financial comparison.”personDee“Local resident quoted in the article.”personLeBron James“Professional athlete used for financial comparison.”personSteve Cotton“President of Cotton Wealth Management Associates; advises on financial planning ”personJalen Hurts“Professional athlete used for financial comparison.”locationFlorida“Jurisdiction where the lottery information is provided.”personLiz Murray“Local resident quoted in the article.”