What payment options are available if I win a jackpot prize?

For some scratch-off games, the jackpot prize is only paid as one lump-sum payment. Starting May 1, 2013, if you win a scratch-off game annuity jackpot you have a choice of a lump-sum prize payment or the announced annuity payment.

Sweet Million jackpot prizes are paid in one lump sum payment of $1,000,000. You will receive the net prize amount (after tax withholdings).

There are two jackpot payment options available if you win a Lotto, Mega Millions or Powerball jackpot prize. These two options are "Annuity Payments" or "Lump Sum Cash Value." If you win a jackpot, you will have up to sixty (60) days to choose from the date you claim your prize at the Lottery Customer Service Center.

If you would like to receive your jackpot prize in one lump sum payment, you will receive the estimated present cash value of the advertised jackpot. Whether you choose lump sum or annual payments, all payments are made by direct deposit wire two to three business days after the winner event. If you win Lotto, those prize payments will be graduated payments, increasing in amount each year. If you win Powerball, your prize payments are also graduated amounts rising by 4% per year over 29 years. If you win Mega Millions, the payments stay the same each year over 25 years.