|Posted: March 22, 2004, 9:25 pm - IP Logged|
Why would you take annuity when the jackpot amount was only $5 million (I use the term "only" loosely)? I could see maybe a $100 million jackpot winner taking annuity but only $5 million. What do you guys think?
The winner selected annuity payments for her jackpot winnings. She collected her first installment check of $182,470 (before taxes) during her recent visit to Michigan Lottery headquarters, to be followed by 29 annual installments of $180,200 per year (before taxes).
Why wouldn't you just get it over and take home $2 million?