About Mega Millions|Find the anwers, about your Mega Millions questions.
Oct
09
Filed Under (Gambling) by admin
boozerloser82 asked:
I know if you fill out a slip, you can select lump sum, or annuity payments. On a quick pick (without filling out a slip first), it says nothing on the ticket about either one. If you hit the jackpot, do you have the option between the two when you turn your ticket in, or do you automatically get lump sum, unless you specify before you bought the ticket? I don’t know about other states, this is just for California.
Ida
I know if you fill out a slip, you can select lump sum, or annuity payments. On a quick pick (without filling out a slip first), it says nothing on the ticket about either one. If you hit the jackpot, do you have the option between the two when you turn your ticket in, or do you automatically get lump sum, unless you specify before you bought the ticket? I don’t know about other states, this is just for California.
Ida
Comments
JB on 10 October, 2008 at 2:58 am #
doesn’t matter what you put down, you choose when you turn in your winning ticket at the lotto offices… for sums that large there is a lot of paperwork, tax forms ect..
bring an accountant or a tax lawyer.
William H on 11 October, 2008 at 1:50 pm #
The Mega ticket slip does not give you an option of lump sum or annual payments for 26 years. The California Super Lottery gives you a choice.
You choose the option when you claim the prize. It is a nice problem to have.
joaotrota on 12 October, 2008 at 6:52 pm #
i agree with jb, bring an accountant or a lawyer
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