Can Lottery Winnings Be Inherited?

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Use the lottery tax calculator to estimate the tax amount deducted from a lottery prize, received as either a lump sum or through annuity payments

REUTERSMike BlakeAn anonymous South Carolinian has stepped forward as the winner of the most recent $400 million Powerball lottery  When players choose the annuity option on their Mega Millions, Powerball or Jumbo Bucks Lotto jackpot prize, the Georgia Lottery pays the prize out over 30

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