NYC Mega Million winners

Reply #9

Thomas Covenant — Thu, 05 Sep 2002 21:11:38 GMT

Quote: Originally posted by secret4777 on September 02 2002I am not a proponent of the annuity option. In matter of fact, if I ever won, I would probably select the cash option. But I am still indecisive on the issue. After all, if either of those options were THAT bad, why would they even provide that option in the first place? They have the annuity option so they can inflate the Jackpot. Saying Jackpot is 17,000,000 Dollars!!!! sounds alot better than Jackpot is 6,700,000 Dollars (after... [ More ]

Reply #8

CASH Only — Thu, 05 Sep 2002 11:48:43 GMT

Many of us remember when annuity was the only option (in fact, such is still the case with the Mass. 6/42 and 6/49, and various scratch games in Mass., N.Y., and possibly elsewhere.) Companies that sell annuities make money (theoretically) whenever a lottery winner does not collect in lump sum, regardless of whether a cash option was/is available. US lotteries gradually gave in starting with Oregon Megabucks in 1990, and even the US government helped with the 60-day rule in 1998, although it... [ More ]

Reply #7

rdarmand — Thu, 05 Sep 2002 10:52:35 GMT

Quote: Originally posted by secret4777 on September 02 2002 I am not a proponent of the annuity option. In matter of fact, if I ever won, I would probably select the cash option. But I am still indecisive on the issue. After all, if either of those options were THAT bad, why would they even provide that option in the first place? Don't look at the annuity as an option; rather, it's the default payout method. In other words, the lottery is based on the annuity prize payout. The reason for this... [ More ]

Reply #6

megamillionaire — Mon, 02 Sep 2002 20:20:25 GMT

At the press conference one of the two males said they asked him for a buck, because he usually doesn't play. So if they all chipped in the same amount they spent 11 bucks

Reply #5

PALOTTOMIKE — Mon, 02 Sep 2002 20:02:24 GMT

how much did they chip in for the tickets

Reply #4

rundown99 — Mon, 02 Sep 2002 19:55:00 GMT

I am not a proponent of the annuity option. In matter of fact, if I ever won, I would probably select the cash option. But I am still indecisive on the issue. After all, if either of those options were THAT bad, why would they even provide that option in the first place

Reply #3

rundown99 — Mon, 02 Sep 2002 19:52:31 GMT

Of course. In a lottery pool, cash is always the way to go. But what if the winner is in his/her 20s, did not play in a lottery pool, and wants to give some of the money to family and relatives who don't have much investment experience whatsoever? Then the question becomes much harder.

Reply #2

RJOh — Thu, 29 Aug 2002 15:52:51 GMT

When playing in a pool with friends or co-workers, annunity or cash is not a quesions, it always cash by default. Members want to get their part of the winnings and move on with their life.RJOh

Reply #1

CASH Only — Thu, 29 Aug 2002 11:06:32 GMT

And, I'm very happy to hear th

NYC Mega Million winners

megamillionaire — Wed, 28 Aug 2002 23:54:15 GMT

In case you haven't heard or read about it yet the winners of the Mega Million jackpot are 11 City (NYC) employees of the Housing Dept. They bought their tickets in the building in which they worked at 250 Broadway near City Hall. They've already vallidated their ticket at the Beaver Street Lotto Headquarters. Good luck to winners who can really use the dough,