Choosing lump sum or annual payments, whats the difference?

why is the cash value of lottery less   Dan why is the lottery taxed

If the cash value option is elected, the player will receive a single present value cash payment which will be less than the annuity amount In some cases

If you win a Mega Millions® jackpot, you will choose how to be paid: Cash Option or Annual Payout Prize claim parameters vary from state to state  The top prize for the Powerball lottery has now soared to $1 billion, with a cash option of $ million, for the next drawing on Wednesday,

top dawg$ slot 2:59 : continued to select the Cash Option Grand Jackpot Prize method of less than $ 1,000,000 , each MEGA MILLIONS Grand Jackpot Prize winner Note: Some smaller retailers may not carry enough cash on hand to pay cash value of the remaining winnings Do I have to claim taxes on my prize