answersLogoWhite

0

Why is cash out lottery lesser than periodic payout?

Updated: 8/17/2019
User Avatar

Wiki User

15y ago

Best Answer

Because the lottery can still make interest on the money you don't have. Enough interest to pay you out periodically and then some.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why is cash out lottery lesser than periodic payout?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What state has the Cash 25 Payout lottery?

Cash 25 Payout Lottery is being played in West Virginia Lottery. The rule is that when jackpot winners are less than 10, then each will get $25,000 but when there are 11 jackpot winners, each of them will share the amount of $250,000.


Why do lottery winners usually take an immediate smaller cash payout instead of a larger payout paid periodically over time?

The larger payout amount is an "estimated value" based on the smaller actual payout plus interest. If you take the larger payout, you are essentially allowing the lottery holders to invest your money. The risk is if the lottery goes bankrupt, you will get nothing. Also, I assume most people would prefer to invest their own money and keep all of it.


What is the Cash and Cars Lottery?

Cash and Cars Lottery is a Canadian lottery. The lottery is a fundraiser to assist with cancer research. Tickets may be purchased by mail. The lottery is sponsored by Black Fund Development.


What is a Structured Cash Settlement?

A Structured Cash Settlement relates to a financial or insurance policy or arrangement. Here, the arranged financial payout will be in stages, rather than as a lump sum payout.


Effects of winning the lottery?

A lot of cash


How do you get lots of free cash?

Win the lottery


How can one get cash for their structured settlements?

It is important to get a professional lawyer to maximize payout for a structured settlement. Otherwise, a court will generally cut back on the payout.


How does a retirement plan cash payout affect unemployment payments?

They normally don't.


What is name of actor in tn lottery cash cow ad?

The name of the actor in the TN lottery cash cow ad is not known. There are no credits on the commercial.


Is the Cash and Cars lottery legit or a scam?

The Cash and Cars lottery is actually a legitimate lottery drawing that most people can enter. In fact, the proceeds go toward cancer research and other related causes.


What was the cash payout for the October 28 2012 Nascar Cup Series race?

700,000.00


How do you win the Montana Cash lottery?

buy a ticket!