ADVANTAGES

Up until a few years ago, California Lotto players were forced to make that election at the time they bought their Lotto ticket – which was all the more difficult since the player had no idea of what specific prize they might win (e.g. sole winner, vs. shared prize, etc.). Now both SuperLotto and MegaMillions winners can make the election within 60 days of winning – so there is time to evaluate options. The default payout if no election is made is a 26 year payout.

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