Lottery Winner's Dilemma: Lump Sum or Annuity?

Powerball winners: Annuity or lump sum? lump sum vs annuity lottery annuity or single lump sum payment If the payment election is not made by the player within 60 days after validation, then the prize shall be paid as an lump sum lottery calculator To arrive at the answer, we need to know the present value of 20 annuity payments of $45,000 based on 3% interest By plugging the interest rate

lump sum vs annuity lottery Opting for the lump sum entails immediate access to a discounted amount of the total prize after taxes In contrast, the annuity option