Why do most lottery winners choose to take a lump sum payment

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The cash you can choose to receive immediately if you win is depicted in smaller type, beneath the so-called jackpot — yet this cash option is

Nearly all winners opt for the lump sum, but with $785 million at stake, there are significant advantages to spreading out this lottery With a lump sum, on the other hand, any money left upon death would pass to the beneficiary's heirs This is less of a risk for lottery winners Lotteries

dv lottery announcement date Many financial advisors recommend you take a lump sum because it allows you to receive a larger return if you invest it in growth-oriented As a single winner, they can either choose a lump sum payment that amounts to about $929 million or receive $2 billion worth of annual payments