Lottery payouts

Lottery payouts are the way lottery winnings are distributed. In the US, large lottery winnings generally are advertised as an annuity amount, paid in 20 or more installments; in most cases, a cash option is available.

Legislation varies by US jurisdiction; many statutes specify a minimum payout percentage. To make lotteries competitive, some jurisdictions increase payout percentages versus those of a neighboring lottery. The percentage changes are likely due to competition from illegal numbers on daily numbers games.^[1]

See also

• Lottery
• Lump sum
• Structured settlement
• Annuity (finance theory)

References