What's better for lottery winners, lump sum or annual payments?

annuity lottery
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When winning the lottery, you can choose between a lump sum or an annuity payment The lump sum grants immediate cash, while an annuity provides steady and

A lottery annuity offers winners the option of receiving their jackpot money through a series of payments over time Opting for a lottery

annuity lottery RELATED: The lottery will keep making annuity payments to winners even after they die Most jackpot winners go with the lump sum, which means

annuity calculator lottery The IRS taxes lottery prizes differently depending on how the winner chooses to get paid The annuity option, which serves as a protection