What to do if you win the lottery

9 Smart Moves for Lottery Winners where to put lottery winnings Minimizing Your Tax Burden · Annuity Payments: Spreading your winnings with an annuity can mean lower annual taxes compared to a lump sum · Charitable Donations: where to deposit lottery winnings Where you reside would determine if you must also pay state income taxes Typically, lottery winnings are considered ordinary income for tax

where to play poker rdr2 Whether someone chooses the annuity or cash option, lottery winnings can typically be inherited by a deceased person's beneficiaries or heirs