Powerball jackpot: is it better to take the cash option or annuity

which is better lump sum or annuity lottery
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When the jackpot is $50 million, each payment is half as big, etc Cash option: A one-time, lump-sum payment that is equal to the cash in the Mega Millions

On a $1 million payout, you would get $650,000 in a lump sum before taxes If you choose the annuity version, you would get 20 annual payments The winner can choose to take the full amount in annual payments over 29 years or a smaller lump sum immediately in cash Feeling Lucky? Explore

stores with slot machines near me 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 FOX 10's Steve Nielsen talks with a financial expert about whether or not a lump sum or