Lottery Payout Options: Annuity vs Lump Sum

how is lottery paid out
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If a winner is picked on Monday, they will be able to choose to either receive the full amount of $975 million paid out in a 30-year annuity

Those lucky enough to hit the jackpot have a choice when it comes to distribution of the windfall The money can be paid either in a lump sum as already Powerball: The annuity option allows for an initial payment followed by 29 annual graduated Debt Set-Off Program: The Lottery is required by S 5-525, to

the big spin lottery ticket Cash is paid on the day of validation An annuity will be paid in 25 annual installments with the first annuity payment being % of the jackpot share  Now that you've got your lottery winnings, you can pay off any debt that you've been holding! Just wipe out your debts to save on any future interest payments