Jk didn't win but got your attention right.
Wrong
Better money management. Leave for your heirs. You'll never need all that money anyways if given over 30 years
You can put it in a trust, where the trust only allows a specific amount of withdrawal per year (say as a percentage of the value capped at some amount), and have that money invested in the S&P or whatever mutual fund you want. Then you can leave it to your heirs while ensuring it keeps increasing in value.
Yes
Only peasants play lottery. Why? They hope to get lucky and become wealthy I come from the school of grind it out, build something, and create your own wealth.
I honestly only buy a lotto ticket a few times a year, and it’s never these mega/power ball scams. The odds are completely insane. I buy the lower payout stuff with better odds or a scratcher. Haven’t won more then $500 yet, but it’s a cheap thrill. I’d say I’m about even at this point.
Search windfall in r/personalfinance there's an extremely detailed posting about it.
https://twitter.com/calottery/status/1053484972672045056?s=21 $1B ain’t cool. $1.6B is cool!
Why would you take the lump sum. Give me a reason.
Cause you never know what state the world is going to be. After 5 years the lottery company might shut down, or a new law invalidates all lottery winnings. Too much varies by time, keep the lump sum even if it's 40% of total amount.
You are likely to make more investing the lump sum over time than the incremental payout. It’s also more fun.