Lottery Winnings

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Steps & Timing

The process generally takes between 60 and 90 days to complete, except in Massachusetts, which can take between 90 and 120 days. When you’re ready to sell all or part of your payments from lottery winnings, the first step is to connect with a Peachtree representative. From there, the process works like this:

Step 1: We listen.

We’ll ask about your financial needs, and your plans for the money you’ll be receiving, as these are relevant to the courts that will review the sale of your payouts.

Step 2: We discuss your options.

When we know more about your lottery payment stream, we’ll help you understand all the options you have, such as how much you’d like to sell, how you’d like to structure the sale, and how much we will offer you for your future payments are worth today.

Step 3: Paperwork

This step is one of the most important parts of the process – and it’s a process that Peachtree has down to a science. We will have you send us all the documentation you have from your lottery payout. If there are additional documents that we need or that you do not have readily available, we will either use our many resources to obtain them or help you obtain them.

Step 4: Court process

All transfers of lottery payments from you to a funding company must be approved by a court. Peachtree has extensive experience with this court order process. As the filing party, Peachtree’s attorney files a petition with the court and requests a court date. Your Peachtree representative will keep you informed as the case progresses. Your representative will also let you know if you need to be at the hearing for the transfer and what to expect.

Step 5: We transfer your funds

Once the court approves the sale of your lottery payments, we will receive a signed order from the judge and will complete our final underwriting review. We will then electronically transfer or send you a check for the purchase price.


The documentation required for the sale of lottery payouts can vary based on the state you reside in and your individual circumstances. The following list is meant to give you an idea of which documents you may need.

  • Disclosure/Sale Agreement/Terms Rider (This document spells out transaction details)
  • Affidavit
  • Authorization to release lottery prize information
  • Designation of Counsel (names the attorney who is representing the winner)
  • Marital status (If married, spouse has to sign off on sale)
  • Award letter issued by lottery
  • Photo ID
  • Proof of Social Security Number
  • Fair Credit Report Act (Allows Peachtree to run credit/background check)
  • Declaration of Residence (Lists all residences winner has resided in past 7 years)
  • Cash Advance Agreement
  • Method of Payment
  • W9 forms (Winner and spouse if married)

Next Check Loan

Instead of choosing to sell any of your payments, you can opt for a Next Check Loan and borrow against your next payment instead. We offer a 0% interest rate with no hidden fees or charges, and you don’t have to make any payments for up to a year. This can be a great way to get cash for your immediate needs if you’re comfortable with your long-term lottery payout structure.

Asset Advantage

Our Asset Advantage® program lets you change how your lottery winnings are paid out by selling your payments to Peachtree. This is different from a typical “cash now” sale of payments.

With Asset Advantage®, you can structure the amount and frequency of your payments, with payments up to four times a year for up to 30 years. And you’ll only pay taxes on the amount you receive in cash when you receive it, rather than the full amount of your original winnings. This makes Asset Advantage® a great way to benefit from extra money for the future if you don’t need your full winnings right now.

There are many ways to structure the sale and we’ll make sure you understand all your options before you choose a plan.

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