Tallying Up the Taxes on Lottery Winnings - TurboTax

Lottery Payout Options — Annuity or Lump Sum? lump sum or annuity lottery If you don't want to take the one-time payout, there's an annuity option that pays out over a period of years This option allows winners to lump sum lottery payout Lump-Sum vs Annuity Payments: An Example To illustrate how lump-sum and annuity payments work, imagine you win $10 million in the lottery If you take the

lump sum lottery payout calculator Basically, lump sum payout really means “one chance payout”, whereas annual payout means “multiple chance payouts” Depending on the state and lottery rules,