Lottery winnings: Should you take lump sum or annuities?

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In the unbelievably unlikely event that you win the Mega Millions jackpot, which now tops $1 billion, how much of that money do you actually see

Every Mega Millions or Powerball jackpot winner has the option to take cash now in a one-time lump sum or opt for 30 annual payments  can be shown either on the Form W - 2 for your regular pay or on a separate Form W

poker automat Put as simply as possible, there are a lot of incentives to choose the annuity payments over the lump sum payment (you get more money in the end, for one thing, While the lump sum offers an upfront payout, the annuity includes one immediate sum followed by 29 annual payments with a 5% increase per year