Sell Lottery WinningsLump Sum of Cash Options: Sell Lottery PaymentWinning the lottery is a dream come true. But with the exception of certain state lotteries, most lottery winners cannot receive their lottery winnings in lump sums. Instead, lottery winnings are spread out in payments, often for 20 or 30 years, at flat amounts. In these cases, the lottery payments are paid as an annuity. Unlike an annuity settlement, however, lottery payments are subject to taxes. To protect your lottery winnings, a Sell Lottery Payment plan lets you sell your lottery payments for cash in a lump sum. Here's why:
Basically to sell your lottery payments: you sell your lottery payments to a buyer of structured settlements or an annuity buyer. These buyers buy your lottery payments, then pay you a lump sum in exchange. The buyer pays you a lump sum of cash for the number of lottery payments you agreed to sell. The buyer then takes over collecting those payments while you walk away with cash in your hands now, instead of waiting for your cash later. |