[grotesqueness]

" The $1.58 billion payout would go to the winner if they opt for an annuity, doled out over 30 years. But people usually prefer a lump sum option, which for Tuesday’s jackpot is an estimated $783.3 million.

The prize money is subject to federal taxes. Many states also tax lottery winnings. "
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It's always prudent to opt for annuity over 30 years as you will have 50% more amount and also help to prevent uncontrollable spending.

With $1.58Billion for 30 years, you will still be getting a mind-boggling $52.67M per year, which is higher than most Fortune 500 CEO annual package, LOL.

30 years have 35% federal tax

lump sum only 25% federal tax

bank deposit for lump sum is 7%