Lump Sum or Annuity
The winner is often given two choices. They can either get their winnings through annuity or by lump sum. With annuity, their winnings would get split over a 29-year-period. But with lump sum, they would get all their earnings all at once after taxes are taken out. The lump sum seemed like a better choice for Cook and Feeney, they just never imagined that they would have to make such a decision.