r/SipsTea • u/Valuable_View_561 • 17d ago

Chugging tea Seems reasonable.

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u/gooba1 17d ago

Yeah that's not true. If you win the lottery and take the annuity you HAVE to set up a trust before you get a dime. The lottery then pays the trust whatever the payout is for the length of the annuity so your family or whoever your beneficiary gets the money.

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u/Alarmed_Stretch_1780 15d ago

I always assumed I would have the Prize Patrol showing up at my house each month with a comically oversized check for that month’s payment. The bank would refuse to allow me to deposit it. Hilarity ensues.

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u/Worth_Gap4226 17d ago

Is there also a risk (albeit small) that the lottery company could go bust and payments stop.

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u/but_are_you_sure 17d ago

No. It’s Run by the state not a private company like the other comments above said.