Lottery Payout Options — Annuity or Lump Sum?

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With the cash option in the Mega Millions jackpot, the winner would get a cash payout of $ million, or $ million after federal taxes

The annuity represents the future value of the cash value which is used to purchase bonds to fund the annuity over 30 years It is paid out While the lump sum provides a full prize up front, the annuity offers one immediate payment, followed by 29 annual payouts that increase 5% each

check bc lottery tickets HOW DOES THE ANNUITY WORK? A winner who chooses the annuity option would receive an initial payment and then 29 annual payments that rise by 5 Lottery prize money is generated by ticket sales The more people that buy tickets — and the longer it goes before somebody wins the jackpot —