Can Lottery Winnings Be Inherited?

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Should you take your lottery winnings in a lump sum or in annuity payments over time? We talked to some experts to find out which option is

While the lump sum provides a full prize up front, the annuity offers one immediate payment, followed by 29 annual payouts that increase 5% each ANNUITY: The installments are paid out as one immediate payment followed by 29 annual payments, according to the Mega Millions website Pros

harmony lottery The Powerball or Mega Millions jackpot prize may be paid in the annuity payment format or the single payment cash option The group members must decide on one If you opt for the annuity, what happens is that the lottery agency takes that lump sum, invests it, and starts paying you the proceeds of the