You Won The Lottery: Lump Sum Cash Or Installments... Which Is Best?

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You Won The Lottery: Lump Sum Cash Or Installments... Which Is Best?

Dan and Christine Bruckner won $208 Million in the New York Mega Millions jackpot, and chose the lump sum payment.

Lottery winners are often in shock when they finally bank their life-changing wealth. They get advice from everyone, from well-meaning family members to financial advisors.

One of the biggest decisions which winners have to make quickly is whether to take a lump-sum cash option, or yearly annuity payments.

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Bitcoin Vs Lottery... Which Gives The Biggest Payback For Your Buck?

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Bitcoin Vs Lottery... Which Gives The Biggest Payback For Your Buck?

There's quite a stir about Bitcoin these days. Investors like the Winklevoss twins - the first Bitcoin Billionaires - are making massive profits.

Or so they say. Although they might forget - this is on paper only. They still have to cash up, and to do that they need willing buyers.

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Mixed-Up Millions: Georgia Powerball Lottery Winner Got Wrong Ticket Worth $25 Million

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Kathy Scruggs collects her $25 million Powerball jackpot winnings at the Georgia Lottery headquarters.

A mix-up at the lottery store saw Kathy Scruggs, 44, walk away with $25 million.

She originally wanted to buy a Mega Millions ticket, but the clerk made a mistake and gave her a Powerball one instead.

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This Is The Heartwarming Moment Elderly Couple Win A Record $326 Million [VIDEO]

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Ever wondered what it's like being at a lottery check presentation? Watch as retired school principle Harold Diamond, 80, takes home $136 million - the cash value from the Mega Millions $326 million jackpot drawn in November 2014. The presentation was made in 2015 at the New York Lottery headquarters by Yolanda Vega.

LOTTOSHACKS: America's Biggest Mansion Is Yours For A Bargain $14 Million.

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This gigantic mansion covers over 62,000 square feet. The 15-bedroom complex also has a 25-seat movie theatre, stables, and a 12-car garage. All you have to do is shift to Birmingham, Alabama.

Hurwitz James Co.

But best of all, this palatial looks impressive... a great place to have relatives and friends round and hope you don't lose them in the labyrinth of corridors and living rooms. This house is the largest listing presently on offer in the USA. Since Alabama doesn't have a state lottery, you'll need Powerball or Mega Millions in another state.

PRICE: $13,900,000
LOCATION: Birmingham, Alabama, USA.
COUNTIN': 15 beds, 54,400 sq ft, plus guest house
SELLER: Listed with Hurwitz James Company
GAME TO WIN: Mega Millions $172 million
BALANCE AFTER PURCHASE: $158,100,000.

More photos follow.

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LOTTOSHACKS: Lord Of The Duplex: Director Peter Jackson Sells NY Apartments For $20 Million

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New Zealand 'Lord Of The Rings' film director Peter Jackson is no barefoot hobbit when it comes to selling. He'll make a couple of million from the upcoming sale of his penthouse duplex spread.

Photos: NY Curbed 

PRICE: $19,950,000
LOCATION: Tribeca, New York, USA.
COUNTIN': 8,309 sq ft inside, 6,000 sq ft outside.
SELLER: Peter Jackson, film director
GAME TO WIN: New York Lotto is only up to $9.9 million today...you'll need Mega Millions or Powerball to match the offer on contract.

PHOTOS:

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