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You get to pick.. take half that amount ( taxes ) divided into yearly payments for 30 yrs or half that amount in cash.Which would give you 5 million in cash at once. What would you pick? Most people go with cash but lose millions because of it. Which would you pick and why
deftone deftone 26-30, M 14 Answers Jan 20, 2010

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i may not be alive in 30 years, so i'd take the 5 mil in cash at once. if i blew all of that, i need my *** kicked lol

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cash any logicaly sane person would.<br />
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I am now 5 mill richer than i was 5 mins ago yey me

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Cash. No one knows the future of state governments; California has been on the verge of bankruptcy. If you have to cut state payments, why not cut payments to lottery winners. Always go for the cash option.

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I'd take the yearly payments. Even if I wasn't around, my children and/or grandchildren would be provided for.

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I would go for the lump sum settlement. I think that I am quite capable of managing my own finances. I have no desire to blow it all on a bunch of unneeded stuff.

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You don't pay taxes on winnings in Canada or you didn't when I lived there and I think the same applies for Mexico. Mind you, in Mexico most people don't pay taxes if they can help it! <br />
If I could leave the payments to my daughter, then I would take the 30 years of payments. If not, I would take the money and run! <br />
I have lots of friends and family I could help with that amount.

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I would take the cash. Five million is plenty. I could do a lot of good with that much.

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In the UK you don`t pay tax on lottery winnings, and I would take the lot up front...I don`t trust the lottery company to still be around in 30yrs and I could invest the cash to give me much better interest for 30 yrs

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I would pick the cash. I do not have 30 years left in me. I would be dead before the final pay out. :)

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I would have it divided so no matter what happens I am set. It is better that way, I would blow it all in one go!

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