Should Powerball Winners Take a Lump Sum or an Annuity?

should you take the lump sum or annuity lottery
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If a lottery winner chooses to collect their winnings in a lump sum, it gives them the opportunity to invest in high-yield financial options,

Say you win a $10 million prize If you take the lump sum option, the entire sum is subject to income tax that year However, if you choose the annuity option,

should you sign your lottery ticket shall be paid as an annuity prize An election for an annuity payment made by a player before ticket purchase or by system default or design may be changed

should you take lump sum or annuity lottery The lump sum payment allows a winner to receive all their winning up front Taking the lump sum will also mean you will be in the highest band