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

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Most large lottery winners blow through the money in a few years The lump sum is far less than the annuity overall PV'd at today's low

Since lottery annuity payments are spread over a longer horizon, the pressure of offering hand-outs is lower than in the case of a lottery lump

why is 7 2 the worst hand in poker Lottery winners can claim their winnings in one lump sum payment or annual payments over time Lottery winnings are treated as regular

why is the national lottery app not working To illustrate how lump-sum and annuity payments work, imagine you win $10 million in the lottery If you take the lump-sum payment, the entire winnings