What is the difference between the annuity and cash option for the Mega Millions jackpot?

Posted on : November 27, 2023

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The Mega Millions jackpot prize is offered in two ways: the annuity option and the cash option. The annuity option provides the jackpot as annual payments over 30 years, with each payment increasing slightly. The cash option offers a lump-sum payment, typically less than the total annuity value, but provides immediate access to your winnings.

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