Mega Millions: Annuity Versus Lump Sum Option

annuity or lump sum lottery
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Each payment is 5% bigger than the previous one This helps protect winners' lifestyle and purchasing power in periods of inflation For a typical jackpot of

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,

annuity or lump sum lottery 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,

annuity for lottery winners Why? Lottery wins are subject to income tax in the year you receive the money If you take the lump sum option, the entire $10 million is