Mega Millions: Should Winner Take Annuity or Lump Sum?

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Here's how the Mega Millions payout works, what you win after taxes, and why some winners choose the annuity prize versus the cash option

Annuity: full prize, smaller annual payouts The annuity option yields the entire lottery prize over 30 installments So, for Monday's lottery Opting for the lump sum entails immediate access to a discounted amount of the total prize after taxes In contrast, the annuity option

zeus 3 slot machine Yes, lottery annuities are generally considered reliable They are backed by both the state lottery commission and the insurance company Annuity payments calculation of the winning amount Suppose you win X amount of lottery jackpot, then federal tax is deducted immediately from the advertised