If You Win the Lottery, How Do You Get the Money?

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According to lottery officials, most winners opt for the lump sum, or the “cash option ” In the case of the next Powerball jackpot of $

There are two ways lottery winners can claim their earnings: as a lump sum or annual payments over time Both result in a lottery payout, but The highlighted $ billion prize is for a sole winner who is paid through an annuity, which is funded by that lump sum and will be doled out

bintaro88 slot An annuity option pays out a larger amount of dollars over 30 years, but each annuity payment would be subject to tax A one-time lump sum cash payment pays out The winnings are taxed as normal income by the state and federal government The 25% the IRS takes is just an estimate of the income tax, it's