Why would someone choose a lottery annuity instead of a lump sum

lottery cash option vs annuity
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Lottery Payouts: Lump Sums vs Annuities Part of the series: Annuities & Life Insurance

Every Mega Millions or Powerball jackpot winner has the option to take cash now in a one-time lump sum or opt for 30 annual payments

lottery result 10 11 23 Unlike the annuity that is taxed as you receive your annual payments, the winner who takes the lump sum pays all applicable taxes upfront A

lottery jersey But, in general, the cash up front or annuity options are available to the bigger winners, including instant ticket winners in Massachusetts of