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How to Start Selling Your Lottery Payments


Have you won the lottery? For those looking in, it would seem like you’ve received the answer to your prayers. However, if you’ve been receiving your annuitized payments for long enough, you likely realize that things haven’t really changed all that much. Chances are good that you haven’t even been able to quit your day job, much less start really living the life that you want. Annuitized payments might sound great on paper, but they’re another thing in reality. Selling your lottery payments can help, but you need to know how to get started and what to do along the way.

First Things First

The first thing you need to do is make sure that you’re allowed to sell your lottery winnings. While most states do allow this if a judge will sign off on the sale, there are a handful of states that don’t let you sell lottery winnings for any reason. If you’re in one of those states, you can’t go any further. If your state does allow you to sell your winnings, you need to start the process and prepare for your day in court.

Finding a Buyer

Finding a buyer is the hardest thing to do where selling your lottery winnings is concerned. There are plenty of companies (called funders) out there willing to take on your annuitized payment in exchange for a lump sum, but how do you contact them? Not only that, but how do you know the company you ultimately choose is actually on the up and up?

The answer to both of those questions is to work with a reputable company that represents lottery winners selling their payments (as well as annuity sales and structured settlement sales). This company should work on your behalf, not the buyer’s behalf. This means that they’re working in your best interest. Such a company will vet and certify buyers so that you only deal with companies that are playing above board.

Not only that, but such a company should also offer you a streamlined means to choose a good buyer. They should make buyers compete for your business, thereby increasing the amount of money you get in your lump sum – competition is healthy, and definitely results in a situation that benefits the seller.

Finally, working with a seller services company allows you to save money by not having to go through a broker. Brokers charge fees, and those fees come off the top of your lump sum, reducing the amount you get.

How to Choose the Right Company

There are several important qualities to look for in a reputable seller services company. One of those is a longstanding reputation for representing their clients correctly and getting them the most money possible for their lottery sales. Another is a reputation as an innovator and leader in the industry. Finally, make sure that the company is also accredited by the Better Business Bureau, and that they have a good rating with the organization.



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. I only play the lottery with coworkers once a year or so – if someone wants to pool money for the big mega super whatsis. After all, the odds are long, but on the off off off chance they win, $1 is a worthy hedge against being stuck as the only person left in the office after they all quit!

    • If you pooled together with co-workers though, and the jackpot wasn’t paid out all at once, probably none of you would be able to quit! That is, unless you were able to sell your payments.

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