# The biggest mistake lottery winners make

- Institution: TED
- Department: TED-Ed
- Speaker: TED-Ed
- Year: 2026
- Level: For everyone
- Language: English
- Subjects: Economics, Psychology and the brain, Teaching and learning
- Source: [TED](https://www.ted.com/talks/ted_ed_the_biggest_mistake_lottery_winners_make)
- Licence: [CC BY-NC-ND 4.0](https://creativecommons.org/licenses/by-nc-nd/4.0/) (Non-commercial use only, and no changed versions.)
- Who can watch: Teens profiles and older (sources give no ratings; placed by Invisible Network from the source's own words)

After winning the lottery, one of the first decisions you’d have to make is how you want your winnings to be paid out. You can choose the full jackpot amount, paid out in annual installments over 30 years. Or you can take a much smaller lump sum paid out immediately. So, which is the better option? Explore the financial implications of annuity and lump sum payments. \[Directed by Anton Bogaty, narrated by Addison Anderson, music by Cem Misirlioglu, Colin Brown\].

## Lectures

1. [The biggest mistake lottery winners make](https://invisiblenetwork.ai/learn/ted/ted_ed_the_biggest_mistake_lottery_winners_make/ec6dc739433c), 7 min (TED's player)