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Index/Topics/Lottery prize payment options

Lottery prize payment options

The options for receiving lottery prizes, including lump sum and annuity payments, and their tax implications

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Jan 28, 2026

What legal protections and financial planning steps do experts recommend for large lottery winners in disclosure states?

Winners in disclosure states should move deliberately: secure the ticket, assemble a multidisciplinary advisory team, and use legal entities and trusts where state law permits to blunt publicity and c...

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