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lottery payouts? if a powerball winner clueses to get paid over time, they ll get 30 payments over 29 years. and guess what happens to the money that hasn t been paid out? lottery officials invest it for the winner. they usually figure on about a 5% return. but remember, right now, the return on government i-bonds is almost 7%. that means the invested money gets a higher return, leading to a higher jackpot. so if you re buying tickets, you might be better off not choosing the cash payout. if you win tonight, you select the cash payout, you ll get this. $782 million. of course, that s an enormous amount, but it is less than half of this. the record breaking $1.6 billion jackpot. so the cash payment, less than half. by the way, no matter what the interest rate is, your odds of winning remain the same. 1 in 292 million. that drawing at 10:59, just before 11:00 tonight. good luck to all of you out there. the next hour of cnn newsroom starts right now. live from washington, d.c.
RecordReserveJackpotPowerball-drawingBInterest-rates-6-billion1-6-billionInflationInterest-rateRateTarget-rate hello, i m christian fraser. hello, i m ben thompson. you re watching the context on bbc news. tim scott becomes the latest republican to quit the race to be president as a new poll shows joe biden trailing to donald trump. we ll talk about that poll in just a moment. donald trumer has returned to the witness stand for a second time in a civil fraud trial in new york. former us president donald trump and his two eldest sons are accused of fraudulently over stating the value of their real estate empire, to obtain favourable loans. the defence has argued that banks made money from mr trump, and they didn t rely on his financial statements. they also say prosecutors have failed to prove that banks wouldn t have loaned him the money even if they had known about inflated assets. our correspondent nadia tawfik joins us from new york. today more quotes. interestingly donald trumpjunior describes his donald trump junior describes his father as donald trumpjunior describes his father
Christian-fraserBen-thompsonDonald-trumpRacePresidentPollJoe-bidenTim-scottContextBbc-newsRepublicanNew-york