ELI5 Why lotto winners almost always take the smaller cash prize

lottery cash vs annuity
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Given the significant size of this lottery prize, Kehoe said to Business Insider in an email, the recipient will be in the maximum income tax

As mentioned, the annuity option means you'll receive a check every year with another portion of your lottery winnings While that annual

lottery sambad 1609 23 Winners of the lottery can choose to collect their Mega Millions payout amount at once as a lump-sum cash payout or in annual payments as an increasing annuity

lottery result 6 9 2023 Many lottery winners end up taking the lump sum and spending all their money in a few years Taking the annuity option gives you time to figure