Lump Sum or Annuity for Lottery Winners?

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Yes, in most instances, you can inherit a lottery annuity Typically, lotteries allow for the inheritance of annuities through the estate administration process southern California wins $426m Mega Millions prize 29 Jan 2022 Powerball ticket sold in California set for $700m lottery payout 5 Oct 2021

$10 buy-in poker chip distribution The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn  Cash Payout Advantages · The main advantage here is that you get a massive pile of cash all at one time, immediately, to do with what you want