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1.55 billion annuity payout Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

Do annuities pay out big money?

The annuities pay out big money, but the initial payment is not nearly as big as the amount for those taking the lump sum. For example, a sole winner of Tuesday night’s Mega Millions could choose a lump sum of an estimated $527.9 million or an initial annuity payment of about $15.8 million.

How will the Mega Millions jackpot be paid if the annuity option is selected?

Here’s how the current Mega Millions jackpot will be paid if the annuity option is selected. Select your filing status. Select your state. Each annual annuity payment increases by 5% from the previous year. For clarity, we assumed that payments 1 and 2 are made in separate tax years.

Will Mega Millions win a lump sum or annuitized payment?

One of the many choices the winner will make is whether to take the one-time lump sum or 30 annuitized payments. The current jackpot may become the game’s biggest prize since the $1.537 billion windfall won in October 2018, according to Mega Millions. The final confirmation will come closer to the next drawing Tuesday at 11 p.m. ET.

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