Should Powerball lottery winners take lump sum prize or annuity

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MEGA MILLIONS® jackpots have a guaranteed minimum estimated annuity of $40 million per drawing, plus eight set cash prizes up to $1 million The jackpot prize

The main one is that taking the annuity is basically like letting the government hold onto part of your prize for a while and invest it for you Powerball annuity: How it works If you win the Powerball jackpot, you can choose to receive the jackpot in an annuity that is paid in 30

mky-lf-002 Selling your lottery winnings is an option after initially choosing an annuity rather than a lump sum payment If your financial situation changes, Yes, lottery annuity payments are generally inheritable If the original winner passes away, the remaining annuity payments can be transferred to their