Lottery Payments

Lottery winnings either are 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 will need a lump
sum of cash instead of monthly payments received over
time.

Lottery payments either are "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.
 
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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
 
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