Lottery Winnings

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Winning the lottery can be a dream come true – but taxes on lottery winnings can make your actual lottery payout confusing, and the smaller payouts you’re receiving over time don’t always keep up with your dreams. Peachtree Financial Solutions can help you sell or restructure your lottery, sweepstakes, or casino jackpot winnings to better suit your needs, whether you want sell a portion of your future payments, get an advance on your next payment, or both.

Making Decisions

If you’re looking into selling payments from your lottery winnings, you’ve probably found that those winnings aren’t meeting your needs or working hard enough for you. When you call Peachtree, we’ll listen to your goals and talk about how to reach them. Then we’ll lay out all your options and give you the information you need to make an informed decision. That’s part of the Peachtree Promise.

The Peachtree Advantage

We’re thrilled you’re considering working with us, and if you do choose Peachtree, we’re confident you’ll be thrilled too. We pride ourselves on outstanding customer service that is both informative and efficient. Our Asset Advantage® program gives you more options and flexibility for selling your lottery payments. And Peachtree has very competitive pricing and no hidden fees.

You Have Options

Our Asset Advantage® program gives you virtually unlimited options for structuring the sale of your lottery winning payments. Depending on your immediate needs, your plans for the future, and the nature of the payments themselves, we can work with you to arrange a plan that’s perfect for you. It doesn’t have to mean shortening the duration of your lottery payout schedule – we can, in certain situations, even extend the original term for you!

And with a Next Check Loan, you can even borrow against a future payment without selling any of your payments. Contact us today, and we can discuss all your options.  

Steps & Timing

The process generally takes between 60 and 90 days to complete, except in Massachusetts, which can take between 90 and 120 days. When you’re ready to sell all or part of your payments from lottery winnings, the first step is to connect with a Peachtree representative. From there, the process works like this:

Step 1: We listen.

We’ll ask about your financial needs, and your plans for the money you’ll be receiving, as these are relevant to the courts that will review the sale of your payouts.

Step 2: We discuss your options.

When we know more about your lottery payment stream, we’ll help you understand all the options you have, such as how much you’d like to sell, how you’d like to structure the sale, and how much we will offer you for your future payments are worth today.

Step 3: Paperwork

This step is one of the most important parts of the process – and it’s a process that Peachtree has down to a science. We will have you send us all the documentation you have from your lottery payout. If there are additional documents that we need or that you do not have readily available, we will either use our many resources to obtain them or help you obtain them.

Step 4: Court process

All transfers of lottery payments from you to a funding company must be approved by a court. Peachtree has extensive experience with this court order process. As the filing party, Peachtree’s attorney files a petition with the court and requests a court date. Your Peachtree representative will keep you informed as the case progresses. Your representative will also let you know if you need to be at the hearing for the transfer and what to expect.

Step 5: We transfer your funds

Once the court approves the sale of your lottery payments, we will receive a signed order from the judge and will complete our final underwriting review. We will then electronically transfer or send you a check for the purchase price.


The documentation required for the sale of lottery payouts can vary based on the state you reside in and your individual circumstances. The following list is meant to give you an idea of which documents you may need.

  • Disclosure/Sale Agreement/Terms Rider (This document spells out transaction details)
  • Affidavit
  • Authorization to release lottery prize information
  • Designation of Counsel (names the attorney who is representing the winner)
  • Marital status (If married, spouse has to sign off on sale)
  • Award letter issued by lottery
  • Photo ID
  • Proof of Social Security Number
  • Fair Credit Report Act (Allows Peachtree to run credit/background check)
  • Declaration of Residence (Lists all residences winner has resided in past 7 years)
  • Cash Advance Agreement
  • Method of Payment
  • W9 forms (Winner and spouse if married)

Next Check Loan

Instead of choosing to sell any of your payments, you can opt for a Next Check Loan and borrow against your next payment instead. We offer a 0% interest rate with no hidden fees or charges, and you don’t have to make any payments for up to a year. This can be a great way to get cash for your immediate needs if you’re comfortable with your long-term lottery payout structure.

Asset Advantage

Our Asset Advantage® program lets you change how your lottery winnings are paid out by selling your payments to Peachtree. This is different from a typical “cash now” sale of payments.

With Asset Advantage®, you can structure the amount and frequency of your payments, with payments up to four times a year for up to 30 years. And you’ll only pay taxes on the amount you receive in cash when you receive it, rather than the full amount of your original winnings. This makes Asset Advantage® a great way to benefit from extra money for the future if you don’t need your full winnings right now.

There are many ways to structure the sale and we’ll make sure you understand all your options before you choose a plan.

Because there are so many kinds of lottery payouts, and each will typically be further customized for each recipient, there’s no one answer to determine how much your particular lottery payment stream is worth. For example, the size and frequency of your lottery payments, as well as the timing of these payments can impact their value quite a bit.

The best way to determine the present value of your unique lottery payout stream is to talk to a Peachtree representative, who can get you an accurate, no-obligation quote quickly.

How long does the process of selling lottery, sweepstakes, or casino jackpot winnings take?

The purchase price can be paid in as little as 60 days from the day you complete your sale contract. The process can take longer in some states because of different rules and regulations.

Are there limits on the size of lottery transactions with Peachtree?

Because we are partnered with some of the strongest financial institutions in the world, our capital resources are unmatched in the field. This means we can process transactions from $20,000 up to $100,000,000.

In what states can you complete lottery transactions?

Our lottery transactions are available in CA, CO, CT, FL, GA, LA, IL, IN, MA, ME, MI, MO, MT, NH, NJ, NY, OH, OR, PA, RI, TX, VA, WA, WI, and WV. If you live elsewhere, we may be able to help meet your needs with our other solutions.

Can I sell only part of my future lottery payments?

Yes, we can structure the purchase in whatever way works best for you. For example, we can buy all remaining payments, a partial number of payments or a partial percentage of future payments. We can even arrange to have your future payments stretch further into the future.

Do you charge any closing fees or other costs?

No. Peachtree Financial Solutions pays all closing costs on the transactions. The only fees you may incur would be those paid to your own private attorney or financial planner you use to review the transaction, should you choose to do so.

Will I need to pay taxes on the transaction amount?

It depends upon which state you live in, but in most cases you’ll only pay taxes on the amount you receive in cash, rather than the full amount of your original winnings. Peachtree does not provide tax advice. If you have questions regarding the tax implications of your transaction please consult with your tax or financial advisor.

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