Powerball Lottery Winner: Annuity or Lump Sum Cash Payout?

better to take lump sum or annuity lottery
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However, if you go with the lump sum, you'll wind up receiving less money in total than you would via an annuity You see, lottery winners who

While an annuity may offer more financial security over a longer period of time, you can invest a lump sum, which could offer you more money Won the lottery and wondering if the lump sum or annuity is a better option? Compare your Powerball, MegaMillions and Lottery lump sum cash

free daily lottery By contrast, annuity payments will generally add up to a larger amount than the lump sum Some lotteries set up payments that add up to exactly the jackpot Of course, once you get the annuity checks, you'll have to pay income tax on them But if you take the lump-sum cash prize, you'll pay tax