Lottery Winnings
If you won the lottery, what would you do?
You may not be aware of it but large lottery payouts are paid as annuities that amount to periodic payments spread over a period of time.
These payments are so small and far between that many lottery winners don’t actually feel like they’ve really won anything.
Fortunately, we are a company in the business of purchasing lottery payments and providing winners a cash lump sum in exchange. You
transfer the rights to the payment stream and then receive a lump sum at today’s cash value. With that being said, expect that the worth of
your lottery winnings to be much less than the total of all combined payments. This is because the total winnings equal the total payments
over the payment period. The Lottery just has to come up with a fraction of that amount, invest it at a percentage rate, and pay you the
installments.
For instance, the Lottery may have to invest just $500,000 at 3% to pay you a total of $1,000,000 over 20 years. If you were presented the
option to get a lump sum, you would receive the equivalent dollar value in today’s dollars of $500,000.
In essence, if you sell lottery payments today, it is the same thing as getting the cash value of the prize money today. There are a number
of things to take into consideration once you’ve decided to sell lottery payments.
What to Consider When Selling Lottery Payments.
First of all, selling lottery payments is a legal transaction that can take up to two and a half months to complete. Make sure you begin the
process at a time that will ensure the receipt of the lump sum coincides with your needs.
If you feel that you are in a position to sell your lottery payments please give us a call in the office to discuss the matter.
Office Phone 909 474-1386
email us at: notebuyers1
If you won the lottery, what would you do?
You may not be aware of it but large lottery payouts are paid as annuities that amount to periodic payments spread over a period of time.
These payments are so small and far between that many lottery winners don’t actually feel like they’ve really won anything.
Fortunately, we are a company in the business of purchasing lottery payments and providing winners a cash lump sum in exchange. You
transfer the rights to the payment stream and then receive a lump sum at today’s cash value. With that being said, expect that the worth of
your lottery winnings to be much less than the total of all combined payments. This is because the total winnings equal the total payments
over the payment period. The Lottery just has to come up with a fraction of that amount, invest it at a percentage rate, and pay you the
installments.
For instance, the Lottery may have to invest just $500,000 at 3% to pay you a total of $1,000,000 over 20 years. If you were presented the
option to get a lump sum, you would receive the equivalent dollar value in today’s dollars of $500,000.
In essence, if you sell lottery payments today, it is the same thing as getting the cash value of the prize money today. There are a number
of things to take into consideration once you’ve decided to sell lottery payments.
What to Consider When Selling Lottery Payments.
First of all, selling lottery payments is a legal transaction that can take up to two and a half months to complete. Make sure you begin the
process at a time that will ensure the receipt of the lump sum coincides with your needs.
If you feel that you are in a position to sell your lottery payments please give us a call in the office to discuss the matter.
Office Phone 909 474-1386
email us at: notebuyers1
