Unlucky Number: The Murder of Lottery Winner Abraham Shakespeare

If you receive your lottery winnings as a single lump sum, you could be subject to the highest tax bracket for the current year Your $ winnings are over

If you take the lump sum payout of a sizable lottery jackpot, you will likely be pushed into the top tax bracket of 37%

lump sum or annuity lottery The lump sum payout for a lottery is equal to the total funds allocated to fund the jackpot This is calculated as a percentage of the total revenue generated

lump sum vs annuity lottery Many financial advisors recommend you take a lump sum because it allows you to receive a larger return if you invest it in growth-oriented