Choosing lump sum or annual payments, whats the difference?

If someone matches six numbers on their ticket, they'll choose between receiving a lump sum of approximately $ million or the $ billion

annuity or single lump sum payment If the payment election is not made by the player within 60 days after validation, then the prize shall be paid as an

lump sum or annuity lottery Over the term, the player who took the annuity would receive about $ billion after taxes

lump sum lottery calculator Though many believe the government keeps the money, annuity payments are generally passed to a winner's heirs if they die, according to Annuity