The $725 million Powerball jackpot has 1 clearly superior payout option for the winner

Ahead of Wednesday’s drawing, the Powerball jackpot has reached a whopping $725 million. Per the lottery, it’s the seventh-biggest prize in the game’s history. And whoever should count themselves fortunate enough to win it should really take the obviously superior payout option.

That is if they want to save money on taxes anyway.

According to CNBC, there are two choices to taking the massive jackpot. The winner can either take an approximate $366.2 million lump sum or take deferred payments paid out annually with a worth of $725 million. The latter is spread out over a 30-year period, offering more flexibility in tax payments. The former lump sum will eventually ask for around 37 percent in taxes.

Depending on your tax bracket, that tax payment could amount to even more.

So, the path here is clear. With one of the largest Powerball jackpots on the line, the extremely fortunate soul who will have their life changed forever should probably spread their winnings out. Patience, in this case, is rewarded quite well.