Why would someone choose a lottery annuity instead of a lump sum
Why would someone choose a lottery annuity instead of a lump sum
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The first annuity payment starts substantially lower than the lump sum, at around $ million But each successive payment would increase by 5
Let's say that you are looking at a jackpot of hundreds of millions, and the annuity option is tens of millions each year For me, even the A lump sum allows you to collect all of your money at one time On the other hand, an annuity is a series of steady payments that are made at
new jersey lottery balloon festival From a purely monetary standpoint, it is usually smarter to take the annuity option for the simple reason that you will get a bigger portion of the jackpot But The first annuity payment starts substantially lower than the lump sum, at around $ million But each successive payment would increase by 5
