Lottery Payout Options Lump Sums & Annuities

lump sum vs annuity lottery
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Lump sum payout is calculated by the Lottery and will always be smaller than the total of the annuity payments This is due to numerous reasons, for example,

While annuity payments can be bequeathed to family members in the event of a winner's death, winners without family or heirs might be better When you win the lottery jackpot, you're given a choice between a lump-sum payment or an annuity paid out over nearly three decades Most

zebra slot photos According to our research, if you invest it all and if you can obtain an annual return of more than between 3 and 4%, the lump sum makes sense If you opt for the annuity, what happens is that the lottery agency takes that lump sum, invests it, and starts paying you the proceeds of the