Would You Take an Annuity or Lump Sum?

Lottery Payout Options Lump Sums & Annuities annuity vs lump sum lottery 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 annuity payments lottery Winners have two options: receiving the cash in a lump sum or in an annuity with annual payments If you choose to receive the money in annuity payments rather

annuity or lump sum lottery By contrast, annuity payments will generally add up to a larger amount than the lump sum Some lotteries set up payments that add up to exactly the jackpot