What is the best lotto payout?

Answer 1

There are two methods by which one can receive their lottery winnings: The first is by way of a single lump sum, which is usually heavily taxed and offers an amount which is significantly less than the original number. The second is a sort of payment plan which bestows upon the winner a certain yearly amount. In the long run, it is often better to stick with the lump sum, since it can take so long for the latter method to work its monetary magic. And, what's worse, should the winner die before he receives all of his prize money, the leftovers go straight back to the government---not to loved ones or heirs left behind (a common misconception).