Lump Sum or Annuity for Lottery Winners?

How Taxes on Lottery Winnings Work Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be

Your net payout: $56,127,712 After 30 payments: $121,227,360 Annuity Payment Schedule California: No state tax on lottery prizes Your average net per year

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