How Does a Lottery Annuity Work?

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How Do Annuity Payouts Work? Stan The Annuity Man• views · 4:22 Go to

Powerball allows the grand prize winner to decide how he or she wants to get the money — either by choosing an annuity where the jackpot is paid You will receive a payment every year until the full annuity amount is paid out Taxes are withheld from each payment It is similar to how a savings bond works

楪カレンは HOW DOES THE ANNUITY WORK? A winner who chooses the annuity option would receive an initial payment and then 29 annual payments that rise by Each payment is 5% bigger than the previous one This helps protect winners' lifestyle and purchasing power in periods of inflation For a typical jackpot of