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Why does the Lottery pay large MEGA Millions, SuperLotto Plus and Make Me a Millionaire prizes in installments?

April 26, 2017large lottery mega millionaire pay Plus prizes superlotto

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Why does the Lottery pay large MEGA Millions, SuperLotto Plus and Make Me a Millionaire prizes in installments?

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The installment, or annuity payment system, which is commonly used in U.S. lotteries, makes it possible to pay out more prize money and allows winners to do some long-term financial planning.