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you arenamp;#39;t going to but just in case if you won the lottery would you even know what to do most people wouldnamp;#39;t but you follow me vivian your rich bff and your favorite wall street girly whoamp;#39;s going to break down the math if you won the current 1.1 billion mega millions jackpot you get two options a lump sum or a lottery annuity aka periodic payments over time the lump sum would give you about 650 million pre-tax and after taxes itamp;#39;d be closer to about 410 million and unless you live in a state with no state income tax youamp;#39;d likely have to pay state taxes on your winnings as well however a lump sum is easily the smarter option if and only if you know that youamp;#39;d be able to save spend and invest wisely getting a three to five percent return on your lump sum would net you way more than taking your winning in installments but taking your winnings over time versus one lump sum carries two major advantages winners do get the full payment even i