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Lottery Win: Lump Sum or Yearly Payment?

Does anyone take the yearly payment??

Powerball Lottery Ticket
"Seattle, WA, USA - June 15, 2012: A pile of Washington state Powerball lottery tickets. Tickets cost $2 and are sold in several states throughout the United States for a cash prize. Drawings are held every Wednesday and Sunday night."
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Someone in Illinois won the 1 billion Powerball jackpot - which got Sue and Kendra thinking about the lump sums and who takes the yearly payment??

Does anyone take the yearly payment??