Lottery winnings: Should you take lump sum or annuities?

lottery annuity payments
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If the winner wants the annuity, the cash in the prize pool is invested to fund the annuity payments The winner gets the cash plus the interest earned

All annuity amounts shown are the average amounts a jackpot winner would receive Mega Millions annuity payments are made on an annually-increasing rate

lottery bodoland Under the annuity plan, winners will receive an immediate payment and then 29 annual payments that rise by 5% each year until finally

lottery result 23 8 23 The annuity allows you to collect your winnings in 30 payments over 29 years, but those payments are not divided into 30 even chunks Each