Lottery Winnings: Take the Lump Sum or Annuity?

annuity for lottery winners
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Annuity payments allow lottery winners to collect an initial payout, followed by smaller portions of their winnings over the course of 20 or 30

If you don't want to take the one-time payout, there's an annuity option that pays out over a period of years This option allows winners to

annuity vs lump sum lottery If the winner chooses the annuity option, the lottery invests the money available from the sale of tickets for that drawing Payments are made over a number

annuity lottery calculator If you're one of the lucky few who has won the lottery, one of the most important decisions you can make is how to receive your winnings A lottery annuity