WOW! You’ve won the lottery. After the excitement wears off you understand the jackpot you thought was so big doesn’t seem so good you realize it may take 20 to 25 years to receive the payments!

Plus With inflation eating away the purchasing power of your future payments, and perhaps increasing income taxes in some states, you may decide having control of your money now might be more beneficial in the long run.

Patriot Settlement Resources provides lottery winners the option to sell their long-term annual lottery payments in exchange for a lump sum cash payout today. Lottery winners can sell all or only a portion of their lottery payments depending on their immediate financial needs or goals.

In most states a judicial review and/or court order is required to purchase payments from lottery winnings. Following is a list of states that allow court ordered transfer of lottery payments: Arizona, California, Colorado, Connecticut, Florida, Idaho, Illinois, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Montana, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Texas, Vermont, Virginia, Washington, West Virginia, Wisconsin.

This judicial review process is often the determining factor in the length of time it takes to purchase this type of payment stream. The entire process from the time you accept our quote until you have the money in your bank account is often determined by the speed at which a court date is able to be scheduled in your particular state. As a general rule the process takes about 2 to 3 months.