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J.G. Wentworth Blog

Gung-Ho for the Lotto

Hi everyone. J.G. Wentworth here.

Great news! We’ve now gotten a dedicated source of financing to buy lottery payments. So if you know anyone who’s won the lottery and wants to exchange some or all of their monthly payments into a lump sum, have them give us a call.

If you think that buying lottery payments is a long way from buying structured settlements, think again. They are actually very much the same. Both of them are a series of regular cash payments that are backed by an annuity. In one instance, a legal settlement is what causes the payments to be made, and in the other, someone winning the lottery. Other than that, they are very much the same.

Actually, we’ve purchased lottery payments for years. However, I think that this could be a very good business for the company and have decided to sharpen our focus a little bit more. So stay tuned, you’re bound to hear more about lotto business!