Mega Millions: Why the Cash Option Is Less Than the Jackpot

why is lottery lump sum less
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Many people who win the lottery choose to receive annuities instead of a lump sum This option reduces the risk of excessive spending, but also limits cash

As a single winner, they can either choose a lump sum payment that amounts to about $929 million or receive $2 billion worth of annual payments

why did shirley jackson wrote the lottery Typically less than the advertised jackpot due to immediate taxes Potentially receive the full advertised jackpot, as payments are spread out and may be taxed

why are slot machines so addictive If the proceeds are $5,000 or less or you won the lottery prize before October 1, 2000 lump-sum payment received is also subject to tax The lump-sum payment