Difference Between Cash Value and Annuity
Posted November 12, 2010 – 7:52 pm in: Oz LotteryIf you win a Mega Millions jackpot, you will choose how to be paid: Cash Option or Annual Payout. Prize claim parameters vary from state to state. Contact your Mega Millions lottery for detailed information.
Annuity option: Provides annual payments over a 26-year period.
Cash option: A one-time, lump-sum payment that is equal to the cash in the Mega Millions jackpot prize pool.
Choose how you want to receive your jackpot prize:
|
Advertised Jackpot
|
Annual Payout
|
Approx. Cash Value
|
|---|---|---|
|
$12 million
|
$461,538/year
|
$7,042,000
|
|
$25 million
|
$961,538/year
|
$14,670,000
|
|
$60 million
|
$2,307,692/year
|
$35,210,000
|
|
$137 million
|
$5,269,231/year
|
$80,396,000
|
|
$270 million
|
$10,384,615/year
|
$158,445,000
|
|
$331 million
|
$12,730,769/year
|
$194,242,000
|
NOTE: The cash value amounts above are estimates, subject to market and/or interest rate fluctuations.
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