You could invest the lump sum and, if you're good at choosing investments, make even more money. Financial advisers always advise lottery winners to take the lump sum. They can't all be wrong.
My thoughts exactly. I love tinkering around in the stock market and Biotechs are hot, though many don't even have an IPO where you could make a killing. Think Regeneron, Apple & Google for instance. So that's why I say cash-option and turn that baby into a serious cash cow.