Lottery Winnings

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The Basics

What Happens After You Win?

Winning a lottery, sweepstakes, or casino jackpot can be life changing. Suddenly, you find yourself with an influx of cash and your mind races with the possibilities of how you could put it to good use.

Depending on the amount of the winnings and the game you won, you may need to choose how to receive your winnings. If you are fortunate enough to win a substantial amount, you will generally be given two choices:

Lump Sum

You can choose to receive your winnings in one cash lump sum. If you select this option, you’ll likely be accepting a smaller total amount of cash than if you chose an annuity option. The reason your lump sum is smaller is because of something called the “Time Value of Money”. The value of a dollar you can spend now is greater than the value of a dollar you receive at some point in the future.

The total value of your award is smaller, but you get everything up front.

Annuity – Periodic Payments

If you want to receive the full amount you won, you may need to wait several years before you receive every payment. The lottery board or casino will set up an annuity that sends you regular payments until your award is paid.

Turn Your Winnings into a Lump Sum

If you accept the annuity option, you’ll receive payments on an agreed-upon schedule until the total value of the lottery, sweepstakes, or jackpot is paid. For many winners, this option makes the most sense. After all, who doesn’t want the choice that gives you more money?

But what made sense back then might not fit the life you want to live now. Where those regular payments used to feel like an extra payday, you might now find yourself wishing you could change your mind and choose a lump sum instead.

Most companies won’t let you change your payment schedule once you agree to one, but that doesn’t mean you’re out of options. If you want more of your winnings now, you might be able to sell your future payments in exchange for a lump sum.

Can I Sell My Winnings in Every State?

Each state has different laws about what you can do with the payments from your winnings. Currently, Peachtree Financial can offer solutions 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 do not live in one of these states, you can still speak with one of our representatives to find out what options you have available to you.

What Winnings Can You Sell?

If you’re receiving regular payments due to winning a large cash award, there’s a good chance we can purchase them for a lump sum. At Peachtree Financial, we’ve helped thousands of winners just like you find different ways to spend the cash they got from:

  • Winning the Lottery
  • Having their name drawn in a sweepstakes
  • Hitting the jackpot at a casino
  • Picking the winner at a race

Don’t see how you won listed above? No problem! Speak with one of our representatives today, and we’ll let you know your options. If you’re getting payments from your winnings and you live in a state that allows you to sell your payments, we should be able to help.

At Peachtree Financial, we help people find the funding they need to make their dreams a reality.

It’s Your Money To Spend How You Want

What do you want your future to look like? Ask a hundred people and you’ll get at least as many responses. Your dreams are your own, so why should you be forced to accept a payment stream that’s one size fits all? We work with you to build a solution that gets you cash when you want it.

What can you do with your lump sum? Anything you want! It’s your money, and we’re not going to tell you how to spend it. Here are just a few of the reasons some of our previous customers wanted to exchange their future payments for more cash now:

  • Buying their dream home
  • Buying an investment property
  • Starting their own business
  • Paying for education costs
  • Covering unplanned medical expenses

No one understands your situation better than you do, which is why Peachtree Financial believes in giving you as many options for spending your money as possible.

What Can I Get For My Payments?

When you won your money, you may have had the choice between future payments or getting a lump sum. The reason they offered you less up front was because of something called the time value of money, or how a dollar you can spend today is worth more than a dollar you receive in the future.

The same idea is true if you want to sell your payments for a lump sum. To get the money you want as a lump sum, you’ll need to sell more in payments than you receive. The specific amount you must sell depends on several things, including the time value of money.

Depending on the size of the lump sum you’re looking for, you have two different options for what you can do to get the cash you want.

  • Sell part of your remaining payments – If the lump sum you’re looking for is smaller than the total value of your payments, one option is to only sell the payments you need to. That way, you’ll only have to sell the minimum amount you need to get your lump sum.
  • Sell all your remaining payments – If you want to get the largest lump sum you can, sell all your remaining payments.

The Peachtree Advantage

If you’re interested in selling payments from lottery winnings, get in touch. We’ll connect you with one of our experienced representatives who will answer your questions and give you a quote on how we can help you get the lump sum you’re looking for.

We’re thrilled that you’re considering working with us, and we’re confident that if you decide to give us a call, you’ll be thrilled too. We pride ourselves on outstanding customer service that is both informative and efficient. Our experience in the industry allows us to offer competitive deals and what we quote you is the money you’ll get because we never charge hidden fees. That’s part of our Peachtree Promise.

Make your dreams a reality. Schedule a call with Peachtree Financial today.

Peachtree Financial does not offer legal, tax, or financial advice. Please contact independent professionals for those services.

Our Process

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 using, 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 feel 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 attain 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 your case progresses. Your representative will also let you know if you need to be at the hearing 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 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, 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.

Determining Value

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 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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