Why are some $1M-winning Florida Lottery prizes worth more than

If the cash option is selected, it will be less than the announced jackpot The reason is that the announced jackpot is the amount of money that

Why are some $1M-winning Florida Lottery prizes worth more than The winner would have decided whether to collect the prize through an annuity or as a one-time lump-sum cash value payment of over $350 million

If the cash option is selected, it will be less than the announced jackpot The reason is that the announced jackpot is the amount of money that

why do people play slot machines The answer is taxes Lotto winners who take the annuity end up paying much more in taxes than those who opt for the lump sum because they have

When a lottery winner chooses a lump-sum payment, they take care of paying all of the taxes at once in the year the payment is received This would obviously

why do i never win the lottery lump sum payment of an estimated $ million All prize amounts The odds of winning the Powerball jackpot are around 1 in million,

Basically, lump sum payout really means “one chance payout”, whereas annual payout means “multiple chance payouts” Depending on the state and lottery rules,