How does a lottery annuity work?

how is lottery paid out
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Those lucky enough to hit the jackpot have a choice when it comes to distribution of the windfall The money can be paid either in a lump sum as already

HOW DO YOU WANT YOUR MONEY? · 50% CASH OPTION: ONE LUMP SUM PAYMENT · YEARLY OPTION: 25 ANNUAL PAYMENTS

how old to buy lottery ticket Redeem via mail, or • Redeem at Hoosier Lottery Prize Payment Centers in Prizes may be paid out as an annuity with payments or as a lump sum cash

how to win chinese coin slot machine Cash option: Federal income taxes are due as soon as you receive the cash payout You might also move into a higher income tax bracket for the year, which could