How are lottery jackpots calculated?
How are lottery jackpots calculated?
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50% CASH OPTION: ONE LUMP SUM PAYMENT ; $1,000,000, $500,000, 380,000 ; $1,200,000, $600,000, 456,000 ; $1,400,000, $700,000, 532,000 ; $1,600,000, $800,000
The biggest pro of taking the lump sum payout is that you have full control over your money However, the biggest con of the lump sum payout for The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn
5 reel slot machine Another decision lottery winners will be faced with is the decision to accept the cash lump sum or to take the winnings through annuity A cash lump sum means Your lottery payout can be issued as a one-time lump sum or an annuity If you chose the latter and those payments are no longer cutting it, we can help
