The Other Winner of That Big Powerball Prize? The I.R.S. — Dollars and Sense
On Wednesday, the Powerball lottery reached a record $587.5 million. So far two winning tickets have been announced, one in Arizona and one in Missouri. But there's at least one more guaranteed winner: the Internal Revenue Service.
Lottery winners can take their prize in the form of a lump sum or an annuity paid over the next 29 years...