When is a CASH cow...

Reply #7

CASH Only — Wed, 18 Dec 2002 02:23:21 GMT

I agree 160 million sounds better than 58.7 million (although the 160m figure is _before_ withholding(s)). Provided you aren't foolish enough to tell the lottery you want the THIRTY annual payments

Reply #6

Thomas Covenant — Tue, 17 Dec 2002 23:56:10 GMT

160 million does sound a lot better than 58.7 million (cash option after federal and state taxes

Reply #5

smd173 — Tue, 17 Dec 2002 23:36:13 GMT

Quote: Originally posted by Thomas Covenant on December 17, 2002 We will always have the annuity choice. It makes the jackpot appear much larger. That's true. Would the Powerball drawing have really grown from $120 Million to $165 Million if only the cash option had been advertized? Probably not. Although I would never dream of taking the annuity...having it as the advertized jackpot amount is beneficial to us regular lottery players who know better.

Reply #4

Thomas Covenant — Tue, 17 Dec 2002 22:23:29 GMT

We will always have the annuity choice. It makes the jackpot appear much larger.

Reply #3

CASH Only — Tue, 17 Dec 2002 19:58:18 GMT

I guess Powerball has become a real CASH cow, except for the annuity sellers (since Powerball winners are almost always smart enough to reject the annual payments).

Reply #2

CASH Only — Fri, 13 Dec 2002 20:08:23 GMT

One day, nobody's going to know what a cow is, unless they go to a museum

Reply #1

Todd — Wed, 11 Dec 2002 00:31:41 GMT

Somehow I knew you'd appreciat

When is a CASH cow...

CASH Only — Tue, 10 Dec 2002 11:44:51 GMT

...not a cash cow ? When it's an ANNUITY cow!! ;) Those of us who bought NY lottery tickets in the early 1980s remember Curtis Sharp, who hit NY Lotto long before there was such a thing as a cash option. Of course, the headline to this story is false, because cash and annuity have different meanings IMHO. (I would have posted here anyway simply because Mr Sharp won an annuity.