Lottery Payout Options: Annuity vs Lump Sum

how lottery annuity works
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HOW DOES THE ANNUITY WORK? A winner who chooses the annuity option would receive an initial payment and then 29 annual payments that rise by 5

However, by taking the annuity option, you'll receive a total payout that is closer to the lottery jackpot than if you were to choose the lump sum payout This The annuity represents the future value of the cash value which is used to purchase bonds to fund the annuity over 30 years It is paid out

14 lottery result The annuity option distributes one's winnings over a thirty-year period, where one payment is distributed each year The winnings are taxed each What is an annuity and how does it work? An annuity is a series of fixed payments or graduated payments paid out over a specified period A jackpot winner