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Originally Posted by Trax
"The prize will be paid out in $50,000 installments over 20 years"
everybody who knows a bit about the present / future value of money knows she is being ripped off heavily
she should sue the state unless those terms where stated on the ticket she bought
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Actually she probably chose to be paid over the 20 years. The way most lotteries work if you take the cash upfront the prize is significantly smaller, and that's before taxes. To get the full prize value you have to choose the annual payout, then pay the tax assessed on those annual payouts.