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J.G. Wentworth Blog

The Half a Billion Dollar Lottery Jackpot… and You

Hi folks, J.G. Wentworth here. Over the last few weeks, lottery-playing folks around the country let their imaginations run pretty wild, and who could blame them? By the time the last dollar was counted, the Mega Millions jackpot was $656 million – the largest jackpot in our nation’s history!

Of course, winning the lottery is a dream, one that only a lucky few get to experience. But if you are ever fortunate enough to win a lottery like Mega Millions – or any lottery with a large cash prize – one of the first things you may have to decide is whether to take your prize as one lump sum or within an annuity that pays a portion of these winnings out over time.

Lottery winners who receive their money in an annuity are secure in the knowledge that at a set time every year they will receive a certain amount of money to meet their financial obligations. This allows them to plan for the future – a wonderful thing, to be sure. But what if these plans change? What if, say, a sudden illness strikes someone in the family, other debts grow, or a great business opportunity comes that is too good to pass up and needs a quick cash investment? What can these folks do when the money that is owed to them isn’t scheduled to be paid out for months, even years, into the future?

That’s where J.G. Wentworth comes in. We are one of the largest buyers of future payments in the country. That means if you are a lottery winner, we can buy your future lottery payments for one lump sum. In fact, lottery winners have been coming to us for years, and we have worked with them to get them cash now for their future payments. With some folks, we have even bought just a portion of their winnings upfront, enabling them to receive both cash now and a portion of their lottery winnings every year.

The bottom line? – If you are a lottery winner, J.G. Wentworth can help you sell your future lottery payments for cash now, and put money in your hands sooner. So don’t hesitate to call us to talk about selling your annuity at 877-227-4713. And good luck with those lottery tickets!