A lottery annuity refers to the long-term payout option provided to lottery winners as an alternative to a lump-sum payment.

You can receive your lottery winnings as a lump-sum cash option or as a stream of annuity payments. Out of the seven largest Powerball and Mega Millions payouts in recent years, 100% of winners ...

I Won the Lottery! Does It Make More Sense to Take the Lump Sum or Annuity Payout? So you’re the lucky winner with a golden lottery ticket. One big question remains before the prize money can ...

The woman, a regular CT Lottery player, chose to take the lump sum payout of $750,000, rather than the $1 million annuity.

Outside of those few states, the best payout would be in Arizona — about $221.7 million in cash or $449 million in annuity. In New York, the state with the highest lottery withholdings ...

Outside of those few states, the best payout would be in Arizona — about $221.7 million in cash or $449 million in annuity. In New York, the state with the highest lottery withholdings ...

The annuity option spreads out the tax ... personal finance experts say. Lottery operators fund the annual payouts by investing the money in secure government bonds that pay lower interest than ...

Annuity payments can provide more money overall ... Understanding the Basics of Lottery Payout Options Winning the lottery is like a dream come true, but deciding how to receive your winnings ...

Outside of the states that do not have a tax on lottery prizes, the next best payout would be in Arizona at about $221.7 million in cash or $449 million in annuity. In New York, the state with the ...

Outside of those few states, the best payout would be in Arizona — about $221.7 million in cash or $449 million in annuity. In New York, the state with the highest lottery withholdings ...

In New York, the state with the highest lottery withholdings, the payouts would be around $190.9 million in cash or $386.8 million in annuity. Tennessee is on the higher end of payouts with about ...