What's better for lottery winners, lump sum or annual payments?
What's better for lottery winners, lump sum or annual payments?
Though many believe the government keeps the money, annuity payments are generally passed to a winner's heirs if they die, according to
The Mega Millions annuity comprises one immediate payment and 29 annual payments For a typical jackpot prize of $100 million, the immediate payment will be The Illinois Lottery pays Lotto, Mega Millions and Powerball grand prizes either in 30 annual payments or a lump sum payment equal to the cash value of the
pas 77 slot login And they will have to pay the IRS even more later But before we dive into how much tax a big lottery jackpot winner will pay, here is some information about Powerball in 2008 The jackpot total, above, reflects pre-tax annual payments, not the lump-sum the Rosenaus received Photo: Andy King
