California has no state tax is 37% for federal. So $404M lump sum or $18M a year for 30 years (after taxes)

Why anyone would take yearly payments I have no idea.

I remember years ago someone had figured out that by taking the yearly payments that in the end you end up with more money than if you were to take the payout, but that would depend on tax rates, etc.

The other reason would be that comfort knowing you have money coming in every year for the next 30 years.

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