How does winning a lottery jackpot through an annuity work?

Under the annuity plan, winners will receive an immediate payment and then 29 annual payments that rise by 5% each year until finally reaching

If you receive lottery winnings as annuities, the tax liabilities are calculated based on the annual payments received, and not the overall winnings You will

annuity lottery Lottery players nationwide have the chance at nearly $2 billion as the Mega Millions and Powerball jackpots continue to roll

annuity or lump sum lottery Yes, in most instances, you can inherit a lottery annuity Typically, lotteries allow for the inheritance of annuities through the estate administration process