Lottery Payouts: Are you choosing Lump Sum or Payments

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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

If you win the lottery, you have to decide whether you want to collect the money all at once or over a long time This guide will weight the Pros and Cons  Selling your lottery winnings is an option after initially choosing an annuity rather than a lump sum payment If your financial situation changes,

fortune rabbit slot With a lump sum, the winner receives all the money at once, after taxes are withheld With the cash option in the Mega Millions jackpot, the FOX 10's Steve Nielsen talks with a financial expert about whether or not a lump sum or