GREENSBORO, N.C. — As the Powerball jackpot smashes another record and soars to an estimated $1.9 billion, you may be wondering what a win like that would actually look like.When you win the lottery ...

The cash option — $537.5 million for Mega Millions, $416.1 million for Powerball — signifies the amount of money game officials have determined is needed to fund the annuity option.

After nobody won Tuesday’s Mega Millions drawing the jackpot has jumped to an estimated $1.25 billion as an annuity and $625.3 million as the lump sum cash option.. The options through which ...

That’s the annuity […] GREENSBORO, N.C. (WGHP) — If you’ve ever wished upon a lottery ticket, you may have wondered what one of those huge jackpot wins would actually look like.

The trade-offs of lump-sum vs. annuity paymentsWhen you take a lump-sum payment, it's typically a smaller amount than the reported jackpot.The reduction includes taxes on the full amount as well ...

A lottery-winner advisor says you'll need to find your own trusted support, decide lump sum versus annuity, and say no after hitting the jackpot. Business Insider Subscribe Newsletters ...

For anyone who plays the lottery, now is a great time to get a ticket, as both the Mega Millions and PowerBall games are boasting HUGE jackpots! But if you win, do you take the cash, or get it ...

No, the lottery does not stop making annuity payments if a jackpot winner dies before the full prize is paid out. The remaining prize money will go to the winner's estate or named beneficiaries.

While it may be enticing to go for the full $1.9 billion annuity over the reduced lump sum, you have to remember that you wouldn’t get your final payment until 2051, and that money may not go as ...

The options through which Mega Millions lottery winners can receive their windfalls have garnered attention in recent days in light of how massive the jackpot has grown now over $1 billion.

The lottery automatically withholds 24% (in this case, $222.984 million) for federal taxes on all prizes over $5,000. And North Carolina taxes any lottery winnings over $600 as income.