Larry could have gotten hundreds of thousands in 2-3 days on a HELOC and wipe the whole thing out when Kalifornia comes through.
I read the article. It says that it takes at least four weeks to investigate before making a payout. If Jerry plays the lottery regularly, his house may already be mortgaged to the hilt. My point remains: The lottery takes in twice as much as it pays out, and gets its money upfront. The winners purse should be reserved and ready.
The problem is no one wants to be an unsecured creditor of the State of California.