legal  money


Question by  demiilicious69 (1)

When you win the lottery how much do you get paid at once?


Answer by  jhitchin (92)

Most lotteries will pay half of the prize amount if you elect to get it all at once instead of as a yearly annuity. Taxes will be withheld and you will receive whatever is left over as the prize.


Answer by  John (9008)

If you choose annual payments, it is usually five percent annually. If you opt for the lump sum, you get a one-time payment of around half the advertised prize.

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