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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 else can I help you with?
Where do you go to pick up winnings?
Assuming that you are asking about lotteries, it depends, on a scratch off ticket the vendor usually pays the smaller amounts. On a mega lottery, you go to the lottery commission, or a place designated by them.
When the moon is far why does it looks bigger instead of smaller?
That is wrong the moon looks smaller.
Do you get anything for two lucky stars?
In some lottery games, having two lucky stars might entitle you to a smaller prize. However, the exact prize amount or conditions will depend on the specific rules of the lottery you are playing.
Why do electric instruments use 6.35 jacks instead of the smaller ones?
Electric instruments use 6.35 mm jacks instead of the smaller ones because they are more wear and abuse resistant.
What is the average payout for the New York State Lottery?
The average payout for the New York State Lottery over the last 12 months has been $49,034 for the jackpot prize. One has the chance to win a other smaller prizes if one does not match all the numbers.
What is proper or improper?
Proper is when the smaller number is on the top, while improper is when the bigger number is on top instead of the smaller number.
How were themometers made smaller?
By using denser mercury instead of ethanol.
What are smaller units called in Louisiana?
special districts
Which continent is smaller in land area Europe o Austria?
I think you mean Australia instead of Austria, in which Australia is smaller than Europe in area.
How did computers change from when they were first created to know?
faster and more memoryfaster and more memoryeven faster and more memoryyet faster and more memoryetc.while periodically getting smaller as improved technologies were introduced
How much does php hosting typically cost?
PHP hosting is usually not a great deal of money. It will usually be around $150 up front and then smaller amounts of money periodically to maintain the site.
How do you get smaller instead of taller?
dip your head in vinigar two times a day for six months
