Originally Posted by blackmonsters

Yeah, but think about his prize money.

To get the payout listed in most lotteries you have to accept the annuity.
The payout is less if you want a lump sum cash payout plus heavy taxes.
If he took an annuity payout then he would only get about $25k for his first year payout.

It's nice money but not like he can just run out and buy a house in the best area.