|Posted: March 1, 2011, 5:16 am - IP Logged|
Say you won the Mega Million jackpot, and you are the only winner. Will they divide the prize for you if you request? What I mean is, can you take half cash, and ask for them to put the other half in an annuity for you, with you getting a check each year for 26 straight years?
For example, say you won tomorrow's drawing, for 88,000,000. Can you ask for half the cash (44 million, but the cash value is only 27 million, and after taxes it's down to around 18 million), and ask for the annuity for the other half (which would give you around 1,167,000 a year for the next 26 years).
Do they allow that? Or must the winner totally commit to either the cash or the annuity?