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

why is lottery lump sum less
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What exists is that lump sum,” Carolyn Becker, deputy director of public affairs and communications for the California Lottery, told Nexstar

The real question is how long you've got to enjoy your lottery lump sum or annuity winnings Also, people may feel less entitled or emboldened to ask If the Powerball winner takes the lump sum payment, right away, nearly a quarter of the prize is withheld for federal taxes And they're not off

people''s postcode lottery contact number less of the amount they won, while people who worked in low On the other hand, in Canada, where people receive their winnings in a lump sum tax free,  If someone chooses the lump sum option, then the payout is actually much less, CNN reports Specifically, for this current Mega Millions number, the jackpot