Why would someone choose a lottery annuity instead of a lump sum

annuity payments lottery
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Powerball jackpot tax calculator A lump sum is a complete payment consisting of a single sum of money, as opposed to a series of payments made over time

If you take your winnings in an annuity payment plan over the typical period of 29 years, you should receive interest on the jackpot and you may

annuity for lottery winners A Lottery annuity is a fixed sum of money paid out every year until the amount owed is fully paid off For Life payments are paid during the winner's life

annuity calculator lottery No, the lottery does not stop making annuity payments if a jackpot winner dies before the full prize is paid out The remaining prize money will