There are a number of annuity options for lottery mega millions PowerBall jackpot winners
These options come in a variety of forms and the size of the payments varies by state.
The payment amounts increase by five percent annually
The benefits of this option include a guaranteed income for the next three decades
In addition, it eliminates the risk of going broke
and protects you from long-lost relatives asking for money
Upon winning a jackpot, the winner will have two payment options
a cash lump sum or an annuity
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