Taking the amount annually (over 30 years) is risky as states are beginning to renege on these payments, claiming they are out of money. Contemptible!
I'm no fan of state lotteries and other government subsidized gambling. Let gamblers go to the casinos. But if the government wants to be a bookie, they ought to pay off their bets.
Not to mention tax rate risk by taking large $ in the future.
Always take the lump sum payout.
But if the government wants to be a bookie, they ought to pay off their bets.