If you win the lottery this week - either the Mega Millions or Powerball - how would you like to receive the money?
With Tuesday's Mega Millions jackpot at an estimated $1.6 billion - and growing - and the Powerball at $620 million, the winners of each will have an important decision to make.
There are two ways to receive the money. Winners can take the lump sum or elect to receive the money in annuity payments over a period of 30 years.
How will you receive your lottery jackpot?
According to annuity.org if the winner takes the lump sum their would be taxes taken out and, in the case of the Mega Millions, bring Monday's payout to roughly $904 million.
The second option, a long-term payment agreement, is called an annuity. Annuities give recipients a stream of periodic disbursements from an account created by their state lottery commission.
The website also states federal taxes reduce lottery winnings immediately, but winners who take annuity payouts can come closer to earning advertised jackpots than lump-sum takers.
So if you won, how would you receive your money?