What is the difference between the cash option and the annuity option in the Hoosier Lotto game?
A. The Hoosier Lottery advertises the estimated annuity jackpot. If you win, this jackpot amount is paid in annual payments over 30 years. However, within sixty (60) days of the drawing, the winner may elect to receive a cash option prize paid in one lump sum. The cash option is often approximately 40%-50% of the total annuity jackpot.
