Top Prize Information https://www.lotterypost.com/thread/309385 Lottery Post Forum Topic: Top Prize Information en-us Lottery Post RSS Generator Reply #2 https://www.lotterypost.com/thread/309385/4919834 https://www.lotterypost.com/thread/309385/4919834 Wed, 28 Dec 2016 18:00:27 GMT ScratchSmarter They aren't forced to do anything - you have the choice for annuity or a lump sum. Lifetime annuity usually only equals 20 years of payments. Most financial investors will tell you to take the lump sum and invest it- even a conservative investment will be the interest rate the lotteries use to calculate their annuity payment interest rate.

The down side to taking a lump sum is the temptation to go out and spend it on something big. If you can avoid doing that and investing the lump sum, you c... [ More ]

]]> ScratchSmarter Reply #1 https://www.lotterypost.com/thread/309385/4916324 https://www.lotterypost.com/thread/309385/4916324 Sun, 25 Dec 2016 20:04:36 GMT James78 I've only played CA Scratchers for less than a year and haven't played every game, but I have only seen annuity/lump options on Scratchers games with top prizes of $5 million or more. The exception is the Set for Life games that have monthly payout options for their top prizes--the $1 game even had a $2000/month option on its $600,000 top prize.

The back of ticket usually states if there is an annuity option and I don't think a top-prize winner is ever required to take the annuity.... [ More ]

]]> James78 Top Prize Information https://www.lotterypost.com/thread/309385 https://www.lotterypost.com/thread/309385 Sun, 25 Dec 2016 02:59:29 GMT Dragonsofra Do you have to choose between an Annuity option and Lump Sum for just one million? At what point do they stop paying you in one check and start requiring an Annuity

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