California Mega Millions lottery question?

Question

I know if you fill out a slip, you can select lump sum, or annuity payments. On a quick pick (without filling out a slip first), it says nothing on the ticket about either one. If you hit the jackpot, do you have the option between the two when you turn your ticket in, or do you automatically get lump sum, unless you specify before you bought the ticket? I don't know about other states, this is just for California.

Answer 1

doesn't matter what you put down, you choose when you turn in your winning ticket at the lotto offices...  for sums that large there is a lot of paperwork, tax forms ect..

bring an accountant or a tax lawyer.

Answer 2

i agree with jb, bring an accountant or a lawyer

Answer 3

The Mega ticket slip does not give you an option of lump sum or annual payments for 26 years.  The California Super Lottery gives you a choice.  

You choose the option when you claim the prize.  It is a nice problem to have.