In the realm of "good problems to have," it's hard to top having to decide how you want your lottery winnings to be paid out. Visions of that possibility are dancing in the heads of millions of ...

How to Protect Your Lottery Payout. Whether you choose the lump sum or annuity option for your lottery winnings, the first recommendation is to assemble an advisory team.

Lottery payments work one of two ways: you get a lump sum or stream of annuity payments. Taxation varies by payout and can lower winnings by up to 50%.

The Rhode Island Lottery offers multiple draw games for those aiming to win big. Here’s a look at July 21, 2025, results for ...

An estimated 96% of Powerball winners take the lump sum payout, yet almost 70% of lottery winners wind up broke within seven years. If you've struggled to manage your money in the past, then ...

The Powerball lottery jackpot was an estimated $288 million with a cash option of $130.6 million for Saturday night's drawing ...

The options through which Mega Millions lottery jackpot winners can receive their windfalls, whether it is a one-time payout or an annuity, have garnered attention in recent days.

The payout options are similar to the Mega Millions, Powerball’s rival lottery game. Winners can choose to receive their payment as an annuity or a lump sum. Lump sum ...

Annuity option: Income taxes are deferred until payouts are received. You’ll have some tax obligations with the first, immediate payout. After that, taxes won’t come into play until you ...