Lotteries
Learn more about how MetLife can help manage the risks of lottery payouts.
Overview
A number of lottery organizations are partnering with insurance companies to help manage the risks and costs associated with lottery payouts, including:
- Longevity risks associated with "win for life" games, and
- Administrative costs such as investment management of Treasury STRIPS or other funds
We offer state lottery organizations a financing option to manage payouts to winners. The annuity can be shaped to fit virtually any lottery design with payout options such as guaranteed payment for life or payments over a set period of years.
Benefits for the State Lottery Organization:
- Opportunity to reduce or eliminate risk
- Cost effective and simple solution
- Flexible design and administrative options
- Allows organization to focus on strengthening and developing lottery program