According to a report by the North American Association of State and Provincial Lotteries, roughly 75% of winners go for the lump sum possibility regardless of the preliminary excitement of enormous jackpot numbers being unfold out over many years. This choice typically comes down to instant monetary needs and personal funding strategies. To illustrate, consider a winner of a $10 million jackpot. Choosing the lump sum may yield roughly $6 million after taxes, whereas taking the annuity would pro...