Should Powerball lottery winners take lump sum prize or annuity

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Either way, be prepared for a huge tax bill yourself Lottery winnings are taxed as income The federal tax on big winnings nears 40% And, of

How Does the Lottery's Payment System Work? By default, all Powerball, Mega Will the Lottery Pay Individual Prizes to Group Winners? California Lottery winnings and Inheritance Tax If you win the lottery, the money you win becomes part of your estate That means that if you pass away,

best iowa lottery scratch off tickets to buy Lottery payouts are the way lottery winnings are distributed Typically, lotteries pay out around 50–70% of stakes back to players  In general, lottery revenue is divided into three major categories: payouts to winners and commissions to the retailers that sold the tickets,