Mega Millions lottery $1 billion jackpot: Annuity or lump sum?

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Though many believe the government keeps the money, annuity payments are generally passed to a winner's heirs if they die, according to

While the lump sum provides a full prize up front, the annuity offers one immediate payment, followed by 29 annual payouts that increase 5% Using our $20 million jackpot example you would receive, after federal taxes, $451,543 for your first of thirty payments Your thirtieth payment would be

real slot games real money The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments Each payment is 5 percent bigger than the The annual payment-based prize value paid to a sole winner shall be $1,000 a day for life paid in annual installments of $365,000 based on measuring the life of