Winning Mega Millions or PowerBall, should a person take a lump sum or an annuity option?
When winning mega millions, should a person take a lump sum or an annuity? When someone wins the Mega Millions Lottery or the PowerBall Lottery, they have to decide if they should take the prize money as a cash lump sum payout or an annuity payout. With the advertised jackpots sometimes reaching over a billion dollars. Both options have unique pros and cons, and the best choice ultimately depends on the individual’s financial situation, goals, and the family’s best interests.
