Content overview: “The biggest mistake lottery winners make”. Dig into the pros and cons of annuity and lump sum lottery payouts, and find out the most common mistakes lottery winners make. After winning the lottery, one of the first decisions you’d have to make is how you want your winnings to be paid out. You can choose the full jackpot amount, paid out in annual installments over 30 years.
Or you can take a much smaller lump sum paid out immediately. Explore the financial implications of annuity and lump sum payments This listing links straight to the original page, where the content is available in full.