Annuity or lump sum? Calculating how much a $

California, Florida, New Hampshire, Puerto Rico, South Dakota This means that a New York resident who opts for the cash lump sum payout of

lump sum The present value of the annuity payments is$1,050,000 per year for 20 years Using a financial calculator or formula, we find

florida lottery com lump sum payment All winners pay an automatic 24% federal And eight states don't charge income tax on lottery winnings: California, Florida

florida post lottery lump sum than the eventual full payout of $202 million The key is to calculate how much you plan to spend immediately from the cash payout