You Won The Lottery: Lump Sum Cash Or Installments... Which Is Best?

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You Won The Lottery: Lump Sum Cash Or Installments... Which Is Best?

Dan and Christine Bruckner won $208 Million in the New York Mega Millions jackpot, and chose the lump sum payment.

Lottery winners are often in shock when they finally bank their life-changing wealth. They get advice from everyone, from well-meaning family members to financial advisors.

One of the biggest decisions which winners have to make quickly is whether to take a lump-sum cash option, or yearly annuity payments.

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POLL: Running To The Store - How Soon After The Game Do You Check Your Tickets?

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PHOTO: Ryan Van Velzer /Cronkite News

How long do you take to check your lottery tickets? I'm always hurry to get down to the store to see how much I've won, especially if at a quick glance I think the numbers are a close match with mine.

Some players wait until the next game to buy their new tickets. They get the previous game's results checked then too. Other players check immediately the game has finished. When do you get your tickets checked? Share your times with us!

TIP: Don't forget to always have your tickets checked by machine. Human error, like mistaking a 7 for a 1, could be disastrous when millions are at stake. 

How Lottery Winners Like To Upgrade Their Homes Revealed In Survey

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POLL: Would YOU Keep Your Lottery Winning A Secret - Or Tell The World?

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An anonymous donor gave this Long Island church $3 million. Via nydailynews

After seeing the previous posts on masked winners, a reader had some ideas on whether you should hide away after your big win - or come straight out and front up to the world. They said:

"I'd tell everyone! What's the point of having a bunch of greenbacks if you can't brag about it. Why do you have to hide it, what's going to happen? No-one I know has ever been kidnapped because of their lottery winnings.

Go for it - you can't keep getting a lot of money secret anyhow. What happens when someone asks you how you got your house and how you can afford to take world trips and stuff. Me? The lottery? No, I saved it up from my job which you never see me go to!"