Powerball jackpot lump sum vs annuity: Which option is better?

annuity or lump sum lottery
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All annuity amounts shown are the average amounts a jackpot winner would receive Mega Millions annuity payments are made on an annually-increasing rate

Many people who win the lottery choose to receive annuities instead of a lump sum This option reduces the risk of excessive spending, but also limits cash Your lottery payout can be issued as a one-time lump sum or an annuity If you chose the latter and those payments are no longer cutting it, we can help

poker card joker The annuity offered by Powerball is different It's called an annuity certain and payments will be made until 2045 Once you're ultimately ready to come forward and claim your prize, you'll have a big decision to make: take the annuity option or a lump sum