Lotteries

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

MetLife offers 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

Download the MetLife State Annuity Solution slipsheet