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What is the Cash Option available for POWERBALL, FLORIDA LOTTO and MEGA MONEY?

April 26, 2017cash Florida Lotto mega money option Powerball

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What is the Cash Option available for POWERBALL, FLORIDA LOTTO and MEGA MONEY?

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A. The Cash Option is a one-time cash payment that jackpot winners may choose to receive instead of receiving their winnings in 30 annual payments for POWERBALL or FLORIDA LOTTO and 20 annual payments for MEGA MONEY. POWERBALL, FLORIDA LOTTO and MEGA MONEY jackpot winners who want to receive a single Cash Option payment must claim their prizes within the first 60 days after the draw date.