Lottery Winnings: Take the Lump Sum or Annuity?

why is lump sum lottery less
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lump sum payment of an estimated $ million All prize amounts The odds of winning the Powerball jackpot are around 1 in million,

With a lump sum, the winner receives all the money at once, after taxes are withheld

why do you burn a card in poker 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

why does alabama not have a lottery smaller one-time lump sum The lottery annuity option When a lottery like Powerball advertises a big jackpot, like October 2023's $ billion prize, it