Trying your luck at the Mega Millions jackpot? If you're a frequent Mega Millions ticketholder, you've probably fantasized about winning the lottery ‒ and wondered how you would spend it.

The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Each payment is 5% bigger than the previous one to keep up with inflation. For a typical jackpot of $ ...

Lump sum payout or annuity? Mega Millions winners have the option of choosing a cash payout or an annuity option for their winnings. Prize claim rules are different depending on the state.