You have just Won the lottery, Now what?

Photo by Waldemar Brandt on Unsplash

Congratulation on winning the lottery. How much did you win?

Suppose you have just won $ 1.6 billion . Now you have to decide payout. Which option are you going to take.

There are 2 options to take . One is Annuity and the other is Lumpsum. Both has their pros and cons