There’s a little lotto craze going on in California right now ($325,000,00 jackpot), and maybe the other states that play Mega Millions. I was just fantasizing about what I’d do with the money lol

Would you rather collect it all at once, or spread it out over 26 years (stated as an option in the rules)?

What are the pros and cons of each option?
Where does it say you get more if you choose to get payments over time? Is there interest involved?