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TED-Ed

The biggest mistake lottery winners make

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371 Questions Answered

TEDEd Animation

Let’s Begin…

After winning the lottery, one of the first decisions you’d have to make is how you want your winnings to be paid out. You can choose the full jackpot amount, paid out in annual installments over 30 years. Or you can take a much smaller lump sum paid out immediately. So, which is the better option? Explore the financial implications of annuity and lump sum payments.

Watch the video and finish the Think section to complete the lesson.


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Meet The Creators

Script Editor
Shannon Odell
Director
Anton Bogaty
Narrator
Addison Anderson
Composer
Cem Misirlioglu
Sound Designer
Cem Misirlioglu
Director of Production
Gerta Xhelo
Produced by
Sazia Afrin
Editorial Director
Alex Rosenthal
Editorial Producer
Shannon Odell
Fact-Checker
Charles Wallace
Expert Consultant
Annamaria Lusardi, Sonya Lutter

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