Quote:
Originally Posted by MontrealDave
Lottery payments in the US are based on 20 annuities, so if you want your money up front, you will get the principal that if left untouched for 20 years would amount to your lottery win less the taxes. Usually 20 to 30% taxes depending on your residency status and State where you won...
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Pretty much this. If you take the lump sum, the payout is about 50% of the jackpot amount.