Frequently Asked Questions
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Q: Why can I receive a lump sum for my Ohio lottery payments now, when I
haven't been able to in the past?
A: New legislation was passed by the Ohio legislature and signed by Governor Taft
during July 2002. This law allows Ohio lottery winners to assign their future payments to a
third-party provided that the statutory process is followed. Ohio lottery winners who receive annuity payments
now have the freedom to get
a lump sum cash payment for their future lottery payments.
Q: What is the difference between an annuity and a lump-sum?
A: An annuity pays you a certain amount every year over a set amount of time. A
lump-sum provides you with an up front payment based on today's value of your
future payments. For example, if you win a million dollar lottery prize and
choose the annuity option, you would get paid $40,000 every year over 25 years
(before taxes). If you decide on a lump-sum, you would receive one lump
payment for your prize.
Q: Why should I consider a lump-sum?
A: When you choose a lump-sum payment from Stone Street Capital, you can get immediate access to
the present value of your payments to spend or invest any way you want - plan for
retirement, buy a home, purchase a car, or travel. You have complete control over
your money.
Q: What is "Present Value"?
A: "Present Value" is simply what something in the future is worth today. For
example, take the price of a movie. Thirty years ago, a movie ticket cost about
$2. Today, you would pay $8.50 for a movie ticket. A dollar was worth more back then
than it is today. Thirty years from now, a movie ticket will be even higher.
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Why wait? A lump-sum gives you complete control over your money for your short-term needs and long-term investments.
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Stone Street Capital
of Ohio, Inc.
Your Money.
Your Choice.
It's About Time.
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