Difference Between Cash Value and Annuity
If you win a Mega Millions jackpot, you will choose how to be paid: Cash Option or Annual Payout. Prize claim parameters vary from state to state. Contact your Mega Millions lottery for detailed information.
Annuity option: Provides annual payments over a 26-year period.
Cash option: A one-time, lump-sum payment that is equal to the cash in the Mega Millions jackpot prize pool.
NOTE: Cash value amounts are estimates, subject to market and/or interest rate fluctuations.