If you want a million I think most lotteries - like the Florida Lotto - pay it out over 20 years. Basically $50k per year if you win a million. If you take it as a lump sum you get considerably less than a million and then have to pay tax on it at the maximum rate. I'd take the $50k/year for 20 years but it seems that many take the lump sum and I think these are the people who have problems - just my opinion.
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