A self-made billionaire's advice for lotto winners: Cash or annuity?
A self-made billionaire's advice for lotto winners: Cash or annuity?
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In general, there are two ways the Powerball pays out: through a lottery annuity or as a lump sum cash value and the advertised annuity jackpot value
The lump sum grants immediate cash, while an annuity provides steady and guaranteed income over time A lump sum is good for funding long-term investments, A: When someone wins the jackpot and wants cash, they get all of the cash in the jackpot prize pool If the winner wants the annuity, the cash in the prize pool
pa lottery commercial Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments Each payment is 5% bigger than the previous one Your first annuity payment, or the single cash option payment, should arrive within six to eight weeks There are generally no California state taxes for