Greatest winners choose for a lump payout, which might make the most financial sense. "Taking a lump payment offers you greater control over the money," Boneparth explained. "It's possible that in 10 years you could still need the money and not have enough time to build an investment portfolio that would generate a sufficient amount of interest to make up for the lost opportunity costs." But if you're planning to spend your winnings quickly, it makes more sense to take the annuity option. "With the lottery, it's all about instant gratification," Boneparth said. "If you want to quit your job and travel the world, then great! But if you don't want to wait until you're retired to do so, then an annuity is for you." In other words, if you can afford to wait, it's best to take the lump sum now. It may not seem like much today, but with time this extra cash will grow and be ready when you are ready to retire. The only way you'll really know what's best for you is by weighing the options and making a decision that you feel comfortable with. Weighing the benefits of each choice will help you make an informed decision.