The Lotto Jackpot: The Lump Sum Versus the Annuity

Every Mega Millions or Powerball jackpot winner has the option to take cash now in a one-time lump sum or opt for 30 annual payments

The lottery automatically withholds 24% on all prizes over $5,000 for federal taxes For a $1 billion lump sum, that would be $240 million Note

lump sum lottery payout calculator Cash option: A one-time, lump-sum payment that is equal to the cash in the Lotto America jackpot prize pool How to Claim In accordance with the Mississippi

lump sum vs annuity lottery An investment calculator that compares the investment return of annuity payments against the lump sum cash payout during the 30 year annuity period