What are the payment options for receiving my winnings?

The Arizona State Lottery Office offers multiple flexible payment options for receiving your winnings. Winners have the choice of receiving their funds either as a lump sum or through an annuity. If you opt for the lump sum, you will receive a one-time payment for the full amount of your winnings. On the other hand, if you choose the annuity option, your prize will be paid out in equal installments over a specified period of time. Additionally, winners can select to receive their payments via check or direct deposit into their bank account. This gives you the convenience and flexibility to choose the method that works best for you. Please note that certain prizes, such as jackpots, may have different payment requirements that winners will need to follow.