How is Mega Millions paid out?

[kayode10]

Mega millions is a popular brand over here and a lot of people usually get in it especially towards the end of the year promo and mega price. In fact most people usually see it as the last hope of the year.

Another question I have in mind to ask you guys is that How is Mega Millions paid out? you can simply tell me their payment gateway and the process together with duration in the comment section.

 

[Samuel purpose]

The annual option, often referred to as a “lottery annuity,” provides payments over time, while a lump-sum payout distributes the full amount of after-tax winnings. Powerball and Mega Millions offer winners a single lump sum or 30 annuity payments over 29 years.

 

[James108]

The way you receive your prize money depends on how you chose to receive it. If you choose the cash option, you will receive a one-time, lump-sum payment. If you choose the annuity option, you will receive your prize money in annual installments over a period of 30 years.

 

[Qwert135]

thirty years is a pretty long time actually to be honest if you are ok with that you should go for annuity option else you should always make sure to take it once and invest seventy percent in passice options of income atleast.