Wonder, “Can I sell my lottery payments?” Yes, you can, but there are some things you should know.
Congratulations! You’ve won the lottery! This probably means that you will receive your money a little at a time over the next 5-30 years. But do you need some, or all, of the money now? At Strategic Capital, we will give you the option to sell your lottery winnings in order to receive one large lump sum payment now. If you wonder, “Can I sell my lottery payments”, the answer is yes, but do it strategically.
Strategic Capital has a History of Reliability
Strategic Capital has been purchasing lottery winnings since 1994 – we know the ropes. Of course, each state has different requirements for selling your lottery payments. At Strategic Capital, we know the rules in your state and we follow your state’s regulations to help you meet your current needs while also planning for your future requirements.
For example, if you really need more money right away, but not all of your money, we can give you an advance on your lottery payments and only purchase some of those payments. So, the answer to “Can I sell my lottery payments” is “yes”, and you can sell only what you need; it does not have to be all or nothing.
This is all part of our personalized approach to business: we customize each solution to meet your special short-term and long-term financial goals.
Where Selling Your Payments is Legal
A total of 28 different states allow Strategic Capital to purchase lottery winnings. These include the following:
- Arizona
- California
- Colorado
- Connecticut
- Florida
- Georgia
- Illinois
- Iowa
- Kentucky
- Louisiana
- Maryland
- Massachusetts
- Memphis
- Michigan
- Missouri
- Montana
- New Hampshire
- New Jersey
- New York
- Ohio
- Oregon
- Pennsylvania
- Texas
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- & the Tri-State Commission.
In other states it still may be possible to sell your payments, but call us and we can discuss your situation with you.
In most states, court approval is not even required to sell your casino jackpot payments, though in New Jersey, and for selling lottery winnings, court approval is needed. At Strategic Capital we know the laws in your state; this means that we can work quickly to get your cash – just fill out your paperwork and be responsive to the information that we ask for and you can have your money in just weeks, definitively answering your question, “Can I sell my lottery payments?”
Why is a Lump Sum better than Payments?
Only you can truly answer this question – you need to consider, “Should I sell my lottery payments?” In many situations, a lump sum is not better. Think about it – regular payments help ensure your financial future. This can be particularly valuable in an uncertain economy. However, for some people a lump sum of cash is preferable. Perhaps you have a lot of consumer debt or a high interest mortgage – you may want to pay that off and live debt free. Maybe you have always wanted to open your own business or go back to college… there are many reasons that you could have for wanting your money now.
Working Strategically
Strategic Capital is not just in business to buy your settlement and make money – we are here for you. Our knowledgeable associates will work with you, discussing your financial situation and helping you make a decision that meets your current financial needs while also working for your long term financial goals. Sometimes, this means that you sell all of your payments. Sometimes you should sell only some of them. In other situations we may actually recommend that you not sell us any of your payments. So you wonder, “Should I sell my lottery payments?” This all depends on your situation, your goals, and your future needs. Call Strategic Capital at 1-866-256-0088 today and start taking the most positive steps towards securing your future.
