Lottery winnings: Should you take lump sum or annuities?

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The lottery automatically withholds 24% on all prizes over $5,000 for federal taxes For a $1 billion lump sum, that would be $240 million Note

Nebraska Powerball · Annuity or Cash option You can choose how to collect your Powerball jackpot--30 annual payments or one cash payment ( When a prize is claimed, Jackpot winners will have the option to receive your Jackpot in a single payment or in annuity payments A Jackpot prize will

slotโปรสมาชิกใหม่ While the lump sum provides a full prize up front, the annuity offers one immediate payment, followed by 29 annual payouts that increase 5% each A lottery annuity offers winners the option of receiving their jackpot money through a series of payments over time Opting for a lottery