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Julio88
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Generally, the jackpot is a combination of ticket sales and interest rates. The jackpot is typically advertised as an annuity, which is a long-term payout over several years that is equal to the estimated total prize value. The annuity is determined by the lottery’s prize structure, which is based on the expected total ticket sales. The annuity amount is then divided over the years of the payout in order to determine the individual payments. Some lotteries also use a lump-sum cash payout option, where the winner receives the full amount of the jackpot in one lump sum payment.