, you'll have the choice between $1.1 billion paid out as an annuity over 30 years or taking home a lump sum payment of $525.8 million, per
That way, they get the most money possible right after winning, rather than receiving annual payments. In this case, those payments would be roughly $23 million a year after federal taxes are deducted. With the lump sum payout, winners are theoretically able to invest and start growing the funds right away.
To take home as much with the lump sum option, you'd need to make up the nearly half-billion dollar difference in through shrewd investments. But not everyone is good at investing. If you stash your winnings in the bank, you probably won't get the highest possible return compared with riskier investments. But in doing so, you'll "sleep a lot better knowing you won't lose money," he says.
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