It's 1.2 million dollars.
You and me both.If you take the annuity. If you take the cash out you have to in some states and all multistate lotteries. I'd take the annuity every time. Way more money and a lesser chance of blowing it all and going broke.
I'm not sure, but a store I worked at sold an 11 million winner, and it was finally claimed 6 months later by a blind trust. The only one who knows who that person was was the store manager. We had someone come in claiming they won, but his Mom washed the ticket in his pants. So the Ohio Lottery had to come in with the time the ticket was sold, and see if that was the person who bought the ticket. It was not, but she recognized the person.I'm pretty sure in Ohio you only have to identify yourself if you sign the back of the ticket.... I think
IIRC correctly, you actually make more money in the long run taking the lump sum and investing it/letting it collect interest, provided you have the self-restraint to not touch most of it. The rates you get with the annuity option barely keep up with inflation.If you take the annuity. If you take the cash out you have to in some states and all multistate lotteries. I'd take the annuity every time. Way more money and a lesser chance of blowing it all and going broke.
Would still mask up.
You take a 50% hit with the lump sum pay out right from the start. I was only talking about the lottery money only. Wasn't taking any investment or interest into consideration. Let's face it, these people are not investing their winnings. In the end, I'll take a $300m annuity over a $150M lump sum.IIRC correctly, you actually make more money in the long run taking the lump sum and investing it/letting it collect interest, provided you have the self-restraint to not touch most of it. The rates you get with the annuity option barely keep up with inflation.
You're just adding an extra step. People will know by public records the name change and who you were.You got to do what you can. A. Campbell feels broad enough. I'll change my name months before to like the most generic-assed name ever alongside that mask if I won too.
As mentioned, it varies by state.I mean, there can be a lot of A. Campbells, but I can't blame someone for wanting to hide their identity when it comes to lotto winnings. Don't they have the right to be completely anonymous?