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Georgia House and Senate Approve Law Allowing Lottery Winners to Trade Future Payments for Upfront Cash
April 9, 2008: NEW Most large Georgia lottery prizes are paid in annual installments over twenty or more years. Georgia's HB 515 would afford Georgia lottery winners a new cash option, giving winners the ability to sell their right to future prize payments. Modeled on statutes in more than twenty other lottery states, the legislation will require that every such transaction be presented to and approved by a court. BOTH houses of the Georgia Legislature have now passed HB 515, which was sent to the Governor to sign on April 7th. If the Governor signs the new law, Georgia winners will have the flexibility to decide for themselves whether they should wait for their annual payments or sell their rights for cash, upfront and in a lump sum. Read or Download the text of HB 515. Learn more about the new law and the Campaign for Winners Choice by calling the Winners Choice hotline, toll free, at 800-586-7949. |
You can receive FREE, no-obligation information on selling lottery payments in Georgia. Call 800-586-7949 Or use the form below to request more information, and we'll contact you. |
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![]() For a free no-obligation quote, or to learn how you can trade future payments for upfront cash, go straight to The Lump Sum Experts at Encore. Call Toll-Free 800-586-7949, or visit encorefunding.com, and learn how to get your FREE DVD. |