Hitting the casino jackpot can change lives. Now that it is happened to you, you are now faced with a very important decision: Should you take the lump sum payment or casino annual payments?
The answer is actually a risk premium and a mathematical question. Do you believe you are more capable of investing your lottery winnings than your lottery commission is? In choosing annual payments, the lottery commission is the one in charge of investing your money. They will guarantee that you will earn a certain amount of money each year over the life of your casino annuity payments. jdb
They are confident in the fact that they can invest lottery premiums and earn a better return than you could on your own. While it may be true that you do not have the knowledge or experience to handle a vast amount of wealth, the lottery commission is not the only option you have if you want to invest wisely. You can take the lump sum and hire a professional to invest the money for you. Many competent financial professional will be able to earn significantly more than the casino commission can.
If you have already chosen the annuity, you may still have the chance to sell casino payouts for cash. There are many companies that buy casino payouts. They can offer alternative cash flow funding with lump sum cash for casino winnings and even structured lottery annuity settlements. Selling casino payouts is your only real option if you want control over your financial destiny.
The Casino Payment Can Decrease in Purchasing Power
Winning the casino jackpot is one of the best things that could happen to anyone. But with certain state lotteries, most winners cannot get their casino winnings as a lump sum payment. Instead, casino winnings are spread out in payments, often for 20 or 30 years, as an annuity. Here are a few very good reasons why you should sell casino payouts for cash:
• Casino payments spread over 20 or 30 years decrease in value – which means decreased purchasing power
• Casino payments are subject to tax – which will increase considerably over 20 or 30 years, reducing your moneys value.
• The value of casino payments does not change while the cost of living is always at the mercy of inflation. As time goes by, your casino payouts will become less and less adequate to maintain your lifestyle.