Powerball winners: Annuity or lump sum?

website lump sum vs annuity lottery Though many believe the government keeps the money, annuity payments are generally passed to a winner's heirs if they die, according to lump sum lottery payout By contrast, annuity payments will generally add up to a larger amount than the lump sum Some lotteries set up payments that add up to exactly the jackpot

lump sum vs annuity lottery Analysis As you can see, if you plan on playing it safe and want to guarantee you'll be rich, the annuity will end up with more money If you rely on riskier  Analysis As you can see, if you plan on playing it safe and want to guarantee you'll be rich, the annuity will end up with more money If you rely on riskier  Many people who win the lottery choose to receive annuities instead of a lump sum This option reduces the risk of excessive spending, but also limits cash

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