Not the Lone Ranger!

Reply #4

JAZZY JASPER — Tue, 28 Jan 2003 03:13:14 GMT

Reply #3

visiondude — Tue, 28 Jan 2003 01:52:41 GMT

i still like the thought that

Reply #2

CASH Only — Tue, 28 Jan 2003 01:14:26 GMT

Greg: Actually, it's the INSURANCE COMPANIES that make money off players' winnings when a winner receives annuity payments. Massachusetts still requires its 6/42 and 6/49 winners to receive annual payments; here in NY, scratch game prizes (currently) over $500,000 are annuity-only as well. Mass. and NY are the two most corrupt lottery states. PEGLEG is right about how to go about getting an annuity _after_ choosing lump sum.

Reply #1

pegleg — Mon, 27 Jan 2003 22:50:51 GMT

Cash is the only way to go. If I want an annuity I will invest in one of my choice. I would own it. The statements will be mailed to me. The thinking that I would lose a lot of money because of the tax bite means nothing. What ever money I would recieve from a win is more than I have now.pegleg

Not the Lone Ranger!

Greg — Mon, 27 Jan 2003 22:26:39 GMT

Annuity-is-great-- for the States , [ AIGFTS for short]You know what, AIGFTS... being the conspiracy theorist that I am, I think you are lobbying and working for all those lottery States that do not want winners choosing the CASH-LUMP SUM option. Why? In order to persuade us sophisticated (and not so sophisticated) lotto players to choose the Annuity option when we win so you guys can make money off the money we agree to take in installments . Heck, for each annual installment you literally r... [ More ]