Lottery/Special Asset Funding - Resource Center

FREQUENTLY ASKED QUESTIONS

Q. In what states can you complete lottery buyouts? A. CA, CO, CT, FL, GA, LA, IL, MA, ME, MI, NH, NJ, NY, OH, OR, PA, TX, VA, WA, WI

Q. Are there limits on the size of the lottery winnings Singer will purchase? A. Singer has virtually unlimited financial resources for lottery transactions. We can process a transaction from $20,000 to $100,000,000

Q. Would you buy only part of my future lottery payments? A. Yes, we can structure the purchase in a variety ways. For example, Singer can buy all remaining payments, a partial number of payments or a partial percentage of future payments.

Q. What rate of discount do you typically use? A. Singer’s lottery purchase rates are the most competitive rates in the industry. Rates vary based upon the type and structure of the transaction, the particular characteristics of the lottery annuity, the term of the payments, the state, and other considerations.

Q. Do you charge any closing fees or other costs? A. No. Singer pays all of the closing costs of the transaction. The only fee that the lottery winner may incur is a fee paid to their private attorney or certified financial planner to review the transaction.

Q. How fast does a lottery/or contest prize close? A. Typically, the purchase price will be paid within 90-120 days from receipt of a completed contract of sale.

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