Common Questions About the Cash-4 Lottery
How Does a Winning Player Claim Their Prize?
Claiming a prize in the Cash-4 lottery involves a few steps:
- Time Frame: Winners have 180 days from the date of the announcement to claim the jackpot prize. For prizes worth $600 or less, the claim period is 90 days from the draw date.
- Documentation: For prizes over $600, winners must present a valid ticket, proof of residence, a social security card, and a claim form available at lottery retailers.
- Instant Claims: Prizes of $600 or less can be claimed instantly by presenting a filled-out claim form and a signed valid ticket.
Cash Option vs. Annuity Option
Cash Option
The cash option allows the winner to receive the full THABET prize amount in a single lump sum payment. This option provides immediate access to the entire prize money.
Annuity Option
The annuity option involves investing the prize money in U.S. Government Treasury Securities. The investment earns interest, which is paid out annually to the winner over a period of 26 or 30 years.
Choosing Between Cash and Annuity Options
Players can choose between the cash option and the annuity option. If a player does not make a choice at the time of placing their bet, the default option is the cash option. However, players can later switch to the annuity option if they believe it to be a wiser financial decision.