We replicate the pay-out structure of the Official Lotteries in America and therefore a 35% reduction is made in the total US Jackpots to reflect the tax an Official Lottery winner would pay.
The MegaMillions and PowerBall Jackpots can be paid out in the 30 year installments, with one annual payment being made for the 30 year term.
The level of payments are calculated such that the payments rise 4% from year to year until the full sum has been paid out.
Payment can also be offered as a lump sum and will be paid out at 60% of the total value of the annuity amount.
How are all the other Lottery Jackpots paid out through your self?
Concerning all other Lotteries, we offer the Jackpot prize as a lump sum payment. We also offer installments if you prefer.
You can view the installment options we offer by signing into your Player Account and choosing 'Transactions from the drop down menu.
Under the heading 'Method of payment' you can view the terms for payments over 10 years, 20 years, 30 years or a Lifetime 5% Jackpot Bonus.
If you activate the “CashCow” option winnings will be paid out as follows:
An additional, one-time bonus payment will be payable according to the Winnings specified. The bonus payment is to be paid immediately calculated as follows:
1% of the Winnings if the payment plan “10 years” is chosen
2% of the Winnings if the payment plan “20 years” is chosen
3% of the Winnings if the payment plan “30 years” is chosen
5% of the Winnings if the payment plan “lifetime” is chosen
The payable Winnings will be paid in monthly payments in equal installments depending on the chosen payment plan from the period over 120 months, 240 months, 360 months, or until the death. The first installment will be made one month after the bonus payment. The entitlement to the monthly payment is inheritable.
If you have selected the CashCow payment plan “lifetime”, the amount of each installment will be determined by the number of months you have remaining until their 85th birthday. If you are 75 years of age or older and choose the “lifetime” payment plan then bonus payment will be calculated for 10 years. If you live beyond 85 years old then the monthly installment will continue until you are deceased.
Do you pay out all the other prize tiers offered by the Official Lotteries in a lump sum?
Yes. All other Prize Tiers on all the Lotteries we offer are paid in a lump sum at the time of the draw.