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do the lottery people use time value of money in calculating the lottery winnings?

2007-10-12 08:09:26 · 1 answers · asked by Fagun Shah 1 in Games & Recreation ➔ Gambling

1 answers

definitely YES. That's why LUMP SUM payment is about 57 % of the actual jackpot won. The rest is interest the pot earns if a winner only take out installments.

2007-10-12 08:41:45 · answer #1 · answered by Mike 7 · 0⤊ 0⤋

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