Cash vs annuity: Which Mega Millions, Powerball jackpot payout

Federal Tax State Tax Net Total It combines the ability to receive a lump sum with an investment This series of smaller payments is referred to

The $ billion is the amount you'd get if you take an annuity The lump-sum payout is a more modest $904 million, almost $80 million less than

lump sum lottery calculator Why? Lottery wins are subject to income tax in the year you receive the money If you take the lump sum option, the entire $10 million is

lump sum or annuity lottery The money can be paid either in a lump sum as already described—or through 30 years' worth of annual annuity payments, Matheson explains In the case of the