Lottery Payments

Lottery winnings are either paid out in a lump sum of cash
or over a period of 20 to 25 years.  An individual who wins
$1,000,000 may only receive $50,000 per year for 20 years.

Even though this is a large annual sum of money, most
lottery winners encounter financial problems.  They will
eventually need a lump sum of cash for relief of their
financial stress.

It is a known fact that many lottery winners file for
bankruptcy within 3 years of winning their prize.  The
time will arrive when a lottery winner needs a lump sum
of cash instead of monthly payments received over time.

Lottery payments are either "assignable" or "non-
assignable".  If a state deems lottery payments as
assignable, then it will allow these payments to be
purchased by a 3rd party.  The state lottery commission
will remit the payments to Charter Financial.  In return,
Charter Financial will pay a lump sum of cash to the
existing lottery winner.
Charter Financial is a national purchaser of Lottery
Winnings, IGT Casino Jackpots, and Contest Awards.
They have the ability to purchase your future payments
in all 50 states as well as fund you quickly.
 
top of page

Here is the list of assignable lottery states:
Arizona                                                                 
California                                 
Colorado                         
Connecticut                     
Florida                              
Idaho                                 
Illinois                                
Iowa                                   
Maine                                 
Maryland                           
Massachusetts                  
Michigan                            
Minnesota  
Montana
New Hampshire
New Jersey
New York
Ohio
Oregon
Pennsylvania
Texas
Vermont
Virginia
Washington
West Virginia
Wisconsin
 
top of page