Winning the lottery: Take the lump sum or the annual payments?

how does the lottery pay you
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The number of periodic payments depends on which lottery you win If you win the Powerball or Mega Millions lottery, you will receive 30 payments over 29 years

For Mega Millions, annuity payments are paid to the winner's estate if the winner dies before the annuity prize is paid out Lottery winners All must pay lottery reward if you are unable to pay the required sum The only exception to taxation on game show winnings is that you do

movie about lottery ticket winner Answer: Lottery payments are subject to tax as ordinary income While there is little you can do to avoid this income tax, there are steps you can take to When you play or buy online through the PA Lottery, most prizes are automatically paid to your Lottery account and you can request a withdrawal using a variety