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If you win the jackpot you are highly likely to move into the top federal tax rate and your prize will be subject to a 37 percent withholding, whether you select the cash lump sum or the annuity. He has opted for an annuity payment at the end of each year for the next 20 years as a payout option. Lottery lump sum vs. annuity calculator . Thats because the lottery offers a scheme that adapts the payments to inflation rates. The first option is an annuity payment. The exact amount depends on the rules of the actual game - but most lotteries use a 5% increment and a 30 year period. A structured settlement is a negotiated arrangement whereby an injured party in a court case receives a settlement as a In the lump-sum method, winnings are withdrawn all at once, in which you may receive a lesser amount of lottery winnings than annuity payments. You can also calculate your odds of winning Mega Millions and Powerball! 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