What happens to annual jackpot payments if the winner dies before collecting all the prize installments?
The Delaware Lottery requires all jackpot prize winners to assign a beneficiary. In the event of a winner’s death, the Lottery will continue to pay the annual payments, as scheduled, to the winner’s designated beneficiary or estate. The Lottery does not keep the money; the state does not take it. The Internal Revenue Service has special rules concerning estate taxes and expected future payments. The Lottery recommends that all jackpot winners consult a tax expert for advice.
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