Why would someone choose a lottery annuity instead of a lump sum

30; 25 payment instead of annuity installments You must select this option within 60 days after the Lottery authorizes payment

The lottery annuity calculator helps you estimate the yearly annuity payouts and any applied taxes for a given lottery jackpot

300maan315 30; 25 payment instead of annuity installments You must select this option within 60 days after the Lottery authorizes payment

300mium892 The annuity pays over 30 years, and the total gave value of About 70% of lottery winners spend all of their winnings in under 5 years