Selling Lottery Winnings for Cash

website lottery annuity or lump sum With a lump sum, the winner receives all the money at once, after taxes are withheld With the cash option in the Mega Millions jackpot, the lottery florida results post If you want more money in the end, you may prefer the annuity option But how do you know what's best for you? “Most people take the lump sum,

lottery annuity or lump sum If you choose to take the lump sum payout, a $ billion jackpot is really worth about $930 million That's because $930 million is the actual  Pros: Taxes favor taking the lump sum because rates are so low right now In 25 years, who knows? Financial pros also point out that with a  When a player wins a lottery, they are typically given two options on how to receive their winnings: as a lump sum or an annuity Choosing the

Share

Share

Link

Turn off sharing Copy link

See all details