Annuity vs Lump Sum Lottery Payout Options

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Jackpot winners may choose to receive their prize as an annuity, paid in 30 graduated payments over 29 years, or a lump-sum payment All lower-tier prizes are

Some lottery winners are spending their prize money on lavish mansions, vintage cars, and international trips Others are paying off their Unlike, the lump sum cash option, lottery winnings paid out annually will equal the full $910 million jackpot before taxes If the winner

sugar rush slot logo png Please note that American lottery winners must pay federal taxes, as well as state taxes on their winnings The federal and state taxes will be deducted upon Simon Duringer 12 Payment of lottery prizes The winnings of a lottery winner are not necessarily paid out in a lump sum, contrary to the