Who Buys Lottery Winnings? Top 8 Companies (2026)
Lottery annuity payments are bought by licensed factoring companies that purchase future payment streams in exchange for an immediate lump sum. This guide compares the eight active U.S. lottery buyers, with claims verified against each company's own website on May 5, 2026, before selling your lottery payments.
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Why Catalina Structured Funding Belongs on Your Shortlist
CSF is attorney-led, funds quotes from our own capital, and serves all 50 states. Our team includes four licensed attorneys who handle the legal process directly. Most competitors use outside counsel. We have closed more than 4,000 transactions across structured settlements, annuities, and lottery winnings since 2011.
- In-house funding capacity. We fund your quote from our own capital, so your timeline doesn't depend on a separate party approving the deal after you sign.
- Transparent pricing. The amount we quote is the amount you receive. Every quote comes with a written disclosure showing the discount rate.
- A+ BBB rated, 110+ verified reviews averaging 4.3 stars on Google. Read recent customer reviews.
- Lottery-specific experience. We know which states allow assignment, which require a court hearing, and how each state lottery commission's processing layer works on top of court approval.
That said, no single buyer always wins. Get quotes from at least two or three companies before making a decision. We say that because we know what happens when people compare: they usually come back to us.
Top 5 Lottery Payment Companies (2026)
- Catalina Structured Funding (CSF) — A+ BBB, 4,000+ transactions since 2011, attorney-led, funds quotes from our own capital. Buys lottery annuity payments in every state where assignment is legally permitted. 110+ verified reviews.
- JG Wentworth — Most recognizable U.S. buyer by advertising volume. Their family of companies includes Peachtree Financial Solutions, Stone Street Capital, and Lottery Funding LLC, so quotes from those brands are effectively JGW quotes.
- Strategic Capital — Independent direct funder. Buying lottery (and casino) winnings since 1994 in 28 specified states. Longest disclosed lottery-buying track record on this list.
- CBC Settlement Funding — Independent direct funder. Buying since 1998. Conshohocken, PA. Dedicated lottery annuity buyout marketing page.
- RSL Funding — Independent Houston, TX funder. Explicitly competes on price against JG Wentworth on lottery deals.
Get quotes from at least two or three companies before making a decision. We say that because we know what happens when people compare.
Lottery Payment Companies: Quick Answers
- What is a lottery payment company?
- A lottery payment company buys future lottery annuity payments from prize winners in exchange for an immediate lump sum. Every purchase requires court approval, and the buyer also coordinates with the issuing state lottery commission to redirect the future payments.
- Are lottery payment companies regulated?
- Yes. Every transfer is regulated under the issuing state's lottery transfer law (where one exists) and requires a judge to approve the sale. Some states have explicit lottery assignment statutes (Florida Statutes § 24.115, for example). Other states process lottery transfers under general assignment-of-payments principles.
- Which lottery payment company pays the most?
- No single company always wins. The best buyer for your specific deal depends on remaining annuity term, the issuing state lottery, and current market rates. Get written quotes from two or three buyers and compare the net lump sum on identical payment terms.
- Can I trust a lottery payment company with my prize?
- Trust comes from three things: a verifiable BBB rating, a track record of court-approved lottery transfers, and written disclosures that match the verbal quote. Companies that refuse written disclosures or use high-pressure tactics are red flags.
- Can I sell only some of my lottery payments?
- In most states, yes. You can sell a specific number of future annual payments, payments from a defined time period, or a portion of each payment while keeping the rest. Partial lottery transfers are common when the prize winner needs cash for one purpose but wants to keep the long-term income stream.
- What do lottery payment companies do?
- They purchase future lottery annuity payments from prize winners and pay a lump sum today. They handle the court petition, coordinate with the state lottery commission, and manage all legal filings. The winner receives cash, and the buyer collects the redirected payments going forward.
Top 8 Lottery Payment Companies Compared
| Company | Years in Business | BBB | Type | Best For |
|---|---|---|---|---|
| Catalina Structured Funding (CSF) | Since 2011 | A+ | Direct Funder | Full-service, attorney-led, nationwide |
| JG Wentworth | 30+ years | A+ | Direct Funder | Brand recognition, high transaction volume |
| Peachtree Financial Solutions | Long-running (specific founding date not disclosed) | A+ | Direct Funder | Sellers in their 25 supported lottery states |
| Stone Street Capital | Long-running (specific founding date not disclosed) | A+ | Direct Funder | Sellers wanting an additional quote alongside JGW family |
| RSL Funding | Long-running (specific founding date not disclosed) | A+ | Direct Funder | Sellers comparing against JG Wentworth pricing |
| NuPoint Funding | Founding date not disclosed | A+ | Direct Funder | Fast turnaround on smaller transactions |
| CBC Settlement Funding | Since 1998 | A+ | Direct Funder | Sellers wanting an established firm with disclosed history |
| Strategic Capital | Since 1994 | Not disclosed on lottery page | Direct Funder | Sellers in one of their 28 supported lottery states |
Swipe to see all columns →
Who Buys Lottery Winnings?
Lottery annuity payments are bought by licensed factoring companies that specialize in purchasing future periodic payments in exchange for an immediate lump sum. They are not state lottery commissions, insurance companies, or banks. They are dedicated buyers regulated under each state's lottery transfer law, and every transaction they close requires a judge to approve the transfer. The state lottery commission then redirects the future payments to the buyer.
The active buyers of lottery annuity payments in the U.S. mostly buy structured settlements too, because the financial product is similar: a guaranteed periodic payment stream backed by an annuity or a state obligation. The eight companies below all explicitly advertise lottery purchases on their own websites: Catalina Structured Funding, JG Wentworth, Peachtree Financial Solutions, Stone Street Capital, RSL Funding, NuPoint Funding, CBC Settlement Funding, and Strategic Capital.
One caveat on independence: Peachtree Financial Solutions and Stone Street Capital are both subsidiaries of The J.G. Wentworth Company, per JGW's published Consumer Privacy Notice. So if you collect quotes from JGW, Peachtree, and Stone Street, you are effectively getting three quotes from the same parent. Real independent comparison means comparing JGW (or one of its brands) against an independent funder like CSF, RSL, NuPoint, CBC, or Strategic Capital. Pricing varies within a 9% to 18% discount rate band depending on the deal, which is why getting multiple independent quotes matters.
Lottery Buyer Profiles
1. Catalina Structured Funding (CSF)
Catalina Structured Funding has closed more than 4,000 transactions across structured settlements, annuities, and lottery winnings since 2011. Four licensed attorneys handle every legal filing in-house. CSF buys lottery annuity payments in every state where assignment is legally permitted.
Pros
- Attorney-led process with four licensed attorneys on staff
- We fund quotes from our own capital, so your timeline doesn't depend on third-party approval after you sign
- Cash advances often available the same day you sign paperwork
- Transparent pricing with written disclosures showing the discount rate
Cons
- Smaller national brand recognition than JG Wentworth
Best for: Full-service, attorney-led, nationwide
2. JG Wentworth
JG Wentworth is the most recognizable U.S. buyer of lottery annuity payments by advertising volume. Their site states 30+ years of experience, 375,000+ customers, and $6.5B in structured payouts processed. JG Wentworth's published Consumer Privacy Notice lists 18 entities in The J.G. Wentworth Company family, including Peachtree Financial Solutions LLC, Peachtree Settlement Funding LLC, Stone Street Capital LLC, Stone Street Originations LLC, Lottery Funding LLC, and Settlement Funding LLC. When you accept a quote from any of those brands, the underlying funding entity is part of the JGW family.
Pros
- Largest national advertising presence — strong brand recognition
- Diverse product line (lottery, SS, annuities, pre-settlement, loans)
- A+ BBB, 4.8 average customer rating per their site
Cons
- Higher volume can mean less personalized service
- Pricing is not always the most competitive on smaller deals
Best for: Brand recognition, high transaction volume
3. Peachtree Financial Solutions
Peachtree Financial Solutions explicitly advertises lottery prize purchases. Their lottery page lists 25 specific states where they buy: CA, CO, CT, FL, GA, IL, IN, LA, MA, ME, MI, MO, MT, NH, NJ, NY, OH, OR, PA, RI, TX, VA, WA, WI, and WV. They cover all transaction costs and offer lump sum, partial sale, and tax-deferred investment structures. Peachtree Financial Solutions LLC is part of The J.G. Wentworth Company family (verified in JG Wentworth's published Consumer Privacy Notice), so a quote from Peachtree is effectively a quote from a JGW subsidiary.
Pros
- Long-established lottery purchasing experience
- Explicit state-by-state lottery licensing on their site
- Multiple deal structures (lump sum, partial sale, tax-deferred)
Cons
- Lottery service limited to the 25 listed states
- Owned by JG Wentworth — quotes generally overlap with JGW pricing on the same payment stream
Best for: Sellers in their 25 supported lottery states
4. Stone Street Capital
Stone Street Capital lists Lottery as a top-level navigation product alongside Structured Settlements and Annuities. Headquarters is Chesterbrook, PA. Stone Street Capital LLC and Stone Street Originations LLC are both listed as entities in The J.G. Wentworth Company family in JGW's published Consumer Privacy Notice, so a quote from Stone Street is effectively a quote from a JGW subsidiary.
Pros
- Established lottery purchasing brand
- A+ BBB rating
Cons
- Owned by JG Wentworth — pricing generally overlaps with JGW on the same deal
- Specific founding date and transaction count not disclosed on their site
Best for: Sellers wanting an additional quote alongside JGW family
5. RSL Funding
RSL Funding is headquartered in Houston, Texas. Their homepage explicitly markets lottery payments alongside structured settlements and annuities, and they openly compete on price against JG Wentworth (their site advertises a quote-comparison guarantee). Independent and not part of the JGW brand family.
Pros
- Independent direct funder
- Explicitly competes on price against JG Wentworth on lottery deals
- Texas-based, focused operation
Cons
- Smaller national marketing footprint than JG Wentworth
Best for: Sellers comparing against JG Wentworth pricing
6. NuPoint Funding
NuPoint Funding describes themselves as "a leading buyer of state lottery wins and structured settlements from lawsuits." They operate offices in Boca Raton, FL and Atlanta, GA, and their site advertises cash in 24 hours and a no-right-of-first-refusal stance. Independent and not part of any larger brand family.
Pros
- Explicit lottery-focused marketing
- Independent direct funder
- Multiple offices (FL + GA)
Cons
- Smaller market presence than JG Wentworth or Peachtree
- Founding date and transaction count not disclosed
Best for: Fast turnaround on smaller transactions
7. CBC Settlement Funding
CBC Settlement Funding has been buying future payment streams since 1998 (their site states "helping people access their money since 1998"). Headquartered in Conshohocken, PA. They explicitly market lottery annuity buyouts as a service line. Independent and not part of any larger brand family.
Pros
- Long disclosed track record (28 years at time of writing)
- A+ BBB, independent direct funder
- Dedicated lottery annuities marketing page
Cons
- Smaller national marketing presence than JG Wentworth
Best for: Sellers wanting an established firm with disclosed history
8. Strategic Capital
Strategic Capital states they have been "purchasing lottery winnings since 1994" (32 years at time of writing). Their site lists 28 specific states where they purchase lottery and casino payments: AZ, CA, CO, CT, FL, GA, IL, IA, KY, LA, MD, MA, MI, MO, MT, NH, NJ, NY, OH, OR, PA, TN, TX, VT, VA, WA, WV, and WI. They explicitly do NOT purchase winnings from third-party online casinos. Multiple deal structures including partial prize purchases.
Pros
- Longest disclosed lottery-purchasing track record (since 1994)
- Explicit 28-state coverage list
- Buys casino winnings in addition to lottery (rare among competitors)
Cons
- Lottery service limited to their 28 listed states
- BBB rating not displayed on the lottery prizes page
Best for: Sellers in one of their 28 supported lottery states
How to Choose a Lottery Payment Company
The short answer is: get written quotes from at least two or three buyers, compare the net lump sum on identical payment terms, and ask each buyer the same five questions. The buyer who answers them all clearly and in writing usually offers the best price too.
Five questions to ask any lottery buyer
- Are you the buyer or a lead generator? A lead generator collects your information and passes it to other companies for a referral fee. The company you sell to should be the same company that quoted, signed, and closed the deal — not a referral site that handed your details along. CSF quotes, signs, and closes our own transactions with capital on hand.
- What is the discount rate, in writing? Every quote should include a written disclosure showing the discount rate as a percentage. If a buyer will not put the rate on paper, that is a red flag.
- Is your company licensed to file lottery transfer petitions in my state? Some buyers do not handle every state. Confirm before signing.
- How long will the transaction take? Lottery transfers typically take 60 to 120 days. Buyers who promise 30 days are either bidding low to lock you in or unfamiliar with the state lottery commission's processing layer.
- Will I receive a written disclosure showing the present value calculation? Most states require this by statute. The disclosure should show the face value of the payments you are selling, the discount rate applied, and the net lump sum you will receive.
Red flags to watch for
- Pressure to sign quickly. A real lottery transfer takes 60 to 120 days. Anyone urging you to sign today is not representing the actual timeline.
- Verbal quotes only. If a buyer will not put the discount rate and net lump sum in writing, walk away.
- Vague answers about court approval. Lottery transfers always require court approval. Buyers who downplay or skip past the court process are either inexperienced or hiding something.
- Demands for upfront fees. Reputable lottery buyers do not charge upfront fees. The cost of the transaction is built into the discount rate. CSF absorbs court filing costs and attorney costs from our discount rate; the amount we quote is the amount you receive.
Get Quotes Before You Decide
The fastest way to find out what your lottery payments are worth is to call us at (800) 317-3769 or fill out the form on this page. We will give you a written quote within 24 hours showing the discount rate, the net lump sum, and a clear breakdown of how the transaction will move through your state lottery commission and the court. There is no cost, no obligation, and no pressure. We want to earn your business by giving you a number worth comparing against.
For more on how lottery annuity sales work, see our guide to selling lottery payments, our lottery payment calculator for an estimate, and our overview of lottery annuity options for the broader context on lump sum vs. annuity decisions.