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

The highlighted $ billion prize is for a sole winner who is paid through an annuity, which is funded by that lump sum and will be doled out

Above $5 Million, all Lotto Texas®, Powerball® and Mega Millions® jackpot prizes, and prizes paid by annuities must be processed at Texas Lottery headquarters

howly lottery In contrast, the annuity option distributes payments equivalent to the entire lottery prize across several years, ensuring a consistent income

how to scan my lottery ticket Above $5 Million, all Lotto Texas®, Powerball® and Mega Millions® jackpot prizes, and prizes paid by annuities must be processed at Texas Lottery headquarters