Record annuity prize

Reply #14

CASH Only — Wed, 14 Jun 2006 13:41:50 GMT

You may be dreaming of winning an annuity, but if you ever hit, reality will sink in, and you will choose lump sum.

Reply #13

justxploring — Sat, 10 Jun 2006 21:43:50 GMT

I have no idea what I would do, but I've felt the same way sometimes. I know how to invest money now (at least I think I do!) but I also made some risky moves years ago that cost me plenty. That being said, I answered no because almost everyone who wins a huge jackpot takes the lump sum payment. If I won over $100M I would probably would take the money and run. I hope I get the chance to find out

Reply #12

ryanm — Fri, 09 Jun 2006 22:19:24 GMT

lol hopefully if a winner does take the annuity it will be by default

Reply #11

DoubleDown — Fri, 09 Jun 2006 21:51:09 GMT

Isn't that the point

Reply #10

chasingadream — Fri, 09 Jun 2006 21:38:22 GMT

i know if I win, reguardless of the amount it will be annuity. Hopfully I will break the record.....

Reply #9

ryanm — Fri, 09 Jun 2006 17:23:54 GMT

Yeah, the people who run the government are damn greedy! The country's going in the crapper because all the people in the executive (especially Bush and Cheney), legislative, and judicial branches care about is money

Reply #8

Prob988 — Fri, 09 Jun 2006 16:01:59 GMT

The annuity is just an investment like any other investment. Unfortunately it is not a very diverse investment, being tied up mostly in government bonds.

It is smart to invest your money rather than spend it. Anyone who refuses the annuity should do this, but invest their money broadly. One should have stocks, bonds, domestic and overseas (although I'd go heavily on overseas), investment real estate, etc. One should not, for instance, have just one investment advisor but many - give e... [ More ]

Reply #7

loves2lotto — Fri, 09 Jun 2006 03:27:40 GMT

I voted no, only because people want the money now and right now. I wouldn't take the cash option if the jackpot was over 200 million dollars. 6 or 7 million before taxes isn't half bad.

Reply #6

JimmySand9 — Fri, 09 Jun 2006 03:22:58 GMT

How else could it happen? Who are you, Yogi Berra

Reply #5

JimmySand9 — Fri, 09 Jun 2006 03:22:15 GMT

No. Most people are smart enough to take the lump sum if given the opportunity.

Reply #4

dvdiva — Fri, 09 Jun 2006 03:04:53 GMT

Judging from what future tax rates will be you'd be better off with tax free bonds than the lotteries annuity.

Reply #3

spy153 — Thu, 08 Jun 2006 15:19:30 GMT

If the annuity reaches over a million a year, I would choose annuity. I know we are not promised tomorrow. But this way, I couldn't lose it all to bad investments and stupid purchases.

Reply #2

bellyache — Wed, 07 Jun 2006 16:20:17 GMT

There is bound to be someone who rather have annuity then cash so I said yes.

Reply #1

Just6ntlc — Wed, 07 Jun 2006 15:38:46 GMT

My vote is for yes if and only if the winner doesn't change the option to cash.

Record annuity prize

CASH Only — Wed, 07 Jun 2006 15:14:53 GMT

The largest US lottery prize paid as an annuity was for about $111 million to a Wisconsin couple in 1993 in Powerball. There were only a few lotto games with cash options then. Will a larger lottery prize be paid as an annuity to a winner later this year