How does winning a lottery jackpot through an annuity work?

However, by taking the annuity option, you'll receive a total payout that is closer to the lottery jackpot than if you were to choose the lump sum payout This

If you win a Lotto jackpot, you can choose to receive the full amount in 25 payments throughout 24 years, minus taxes, or you can receive approximately one-half

how to win pick 3 lottery guaranteed Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

how to win slot tournament A: When someone wins the jackpot and wants cash, they get all of the cash in the jackpot prize pool If the winner wants the annuity, the cash in the prize pool