Over the weekend I won the $1,000,000 Illinois "Final Four" lottery. I visited the Lottery office this morning and they informed me the million dollars is to be paid $50,000 per year for 20 years. I really want my money "now" since I am afraid the State of Illinois might need to file bankruptcy. The lottery office spokesperson informed me I could have the money "now" but she needed to use a money factor of 5%. In passing, she also indicated that she misses the good old days of Blago. I am starting to think she might cheat me.

Question: What should I expect in a "lump sum" payment before taxes if I get paid "now"?