What is the difference between Cash Option and Annuity?

what does annuity mean in lottery
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If the jackpot is $500 million, that means the cash option would yield a one-time lump sum payment of $ million The annuity option would

So, what does “for life” mean? It really does mean for life, but there are some qualifiers to that answer The MINIMUM payment period for

what to buy if you win the lottery Those annuities are structured over 20 years On a $1 million payout, you would get $650,000 in a lump sum before taxes If you choose the

what is quick pick lottery How To Play · What if you win the jackpot? Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments · Just