How does winning a lottery jackpot through an annuity work?

how are lottery annuities paid out
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The IRS taxes lottery prizes differently depending on how the winner chooses to get paid You have two choices: lump sum payout or annual

Well, this alternative pays the winner a specific amount annually for 30 years until the total jackpot is fully deployed The annuity value is paid through If you opt for the annuity, what happens is that the lottery agency takes that lump sum, invests it, and starts paying you the proceeds of the

ninja 89 slot The money can be paid either in a lump sum as already described—or through 30 years' worth of annual annuity payments, Matheson explains In the case of the In this case, the bond value $500 million paid in the 26th year So the value of that bond today is the lump sum As the interest rate goes down