Lottery Payout Options: Annuity vs Lump Sum

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Lottery Payouts: Lump Sums vs Annuities Part of the series: Annuities & Life Insurance

If you take your winnings in an annuity payment plan over the typical period of 29 years, you should receive interest on the jackpot and you may A lottery annuity comprises an immediate payment and annual payments that increase by a percentage each year The number of periodic payments depends on which

postcode lottery website If you are a winner who receives annuity payments, you receive the interest earned on the bonds purchased by the Lottery for the payment of the prize up the The lump sum affords more control over winnings and investments, but higher taxes overall The annuity payment option means less initial control