You won a 30,000,000 lottery. Are you taking the lump sum, or annuity?

It would depend upon the cash value of the annuity, and the interest rate used to calculate the end of term cash, and any increases in annuity payments over the period. However, it can be argued that even with the hit from taxes, the lump sum when invested properly in financial instruments or businesses can provide for a higher outcome than the annual payments, especially as one knows the tax rate today. It also depends upon the state of residency, since some have state and/or city income taxes that would further erode the jackpot. I'd be inclined to personally take the lump sum, preferably in the name of a family investment trust, then allocate a diversified investment portfolio to generate interest for income and reinvestment into other business development.

annuity. I don't trust myself with that kind of money

Lump sum. If I get hit by a car and die tomorrow the money doesn't suddenly evaporate.

Lump sum. Lottery winnings are not taxed in Australia. Gambling is considered a hobby.

lump sum, contrary to popular belief, I think I'm am one of the better persons in my households who can manage money well.

There's no tax on winnings over here either. It's not like playing a chance game and hitting the jackpot could be counted as proper income.

First of all I'd never play to try to win that amount of money (there is such a thing as too much money in my opinion). But say if I played for a smaller amount like 1-2 million and won, I'd take it in annuity.

I'm 67. Unless I can bequeath the annuity I'm gonna take the money and ... walk.

I would hate to give that much money away in taxation...so, probably annuities?

Lump sum, no guarantee they will be around to keep paying

Lump sum and go to Dubai and Monaco and spend like it was no tomorrow.

Annuity

Lump sum

Lump sum.

Lump