Anyone know any stats on whether winners typically chose a (reduced) lump sum, or yearly payments totalling the full amount? I bet the majority would choose the former.
I would choose the 25 year option, go crazy on the first year's payment (have fun blowing $10m), then in the second start seriously investing... after a year or two of further payments you could comfortably live off the interest alone.
Are yearly payments guaranteed? What happens if the company folds?