How do you lose by Winning big?

Reply #18

CASH Only — Tue, 11 Feb 2003 21:07:27 GMT

RJ: Mass. DOES NOT allow 6/42 or 6/49 winners to collect in lump sum. In addition, almost all scratch prizes over $200,000 are NOT paid in cash. I consider it corruption since such winnings unnecessarily go through a third party (ie, annuity provider). Companies that sell annuities to the Mass. Lottery (and the NY Lottery to a lesser extent) make huge amounts of money simply because the lottery winners didn't have a cash option.

Reply #17

RJOh — Tue, 11 Feb 2003 20:59:26 GMT

Do you have proof the Massachusetts Lottery is corrupt or is that just your humble opinion? RJOh

Reply #16

CASH Only — Tue, 11 Feb 2003 06:37:51 GMT

Lottery winners receiving annuity payments (cash option or not) invite more lottery CORRUPTION, such as in Mass, since their 6/49 and 6/42 still are ANNUITY-ONLY.

Reply #15

RJOh — Tue, 11 Feb 2003 02:00:44 GMT

That just prove my point, he was lucky enough to win the jackpot before Nov'98, otherwise he would have had a chance to made more bad choices. Everybody here got an opinion, but none of them as far as I know have ever been a jackpot winner. It easy to make a decision when you are setting on the fence with the other losers and don't have any real money to lose.Anyone who hasn't taken the time to set up a checking account is not going to know much about handling a large sum of money and is goin... [ More ]

Reply #14

CASH Only — Mon, 10 Feb 2003 16:17:33 GMT

RJ: He won in 1995, several years before Florida started its cash option, so he did not have the choice.

Reply #13

RJOh — Mon, 10 Feb 2003 16:03:32 GMT

Sounds like he would have been a bigger loser if he had taken cash and put it all in a bad investment, which proves people who know nothing about investing should take the annuity. At least he'll still have a check coming in the future.RJOh

Reply #12

CASH Only — Mon, 10 Feb 2003 12:08:41 GMT

Another example of LOSING BIG is the guy from Alabama whom Todd posted about this morning

Reply #11

CASH Only — Fri, 07 Feb 2003 01:16:31 GMT

SMD: 2by2 shouldn't be a multi-state game since the top prize is ALWAYS $20,000 (no rollovers, even though there have never been more than five winners in any month.) SECRET: If you live next to Iowa, I'm surprised you've never bought an IA ticket yet (if you were 19 or 20 you couldn't play there anyway.) Of course you buy Powerball tickets in NE, but, IA has Hot Lotto and AFAIK nothing else in IA can be played in NE. Daily Millions I played once or twice in Rhode Island; why RI doesn't ha... [ More ]

Reply #10

rundown99 — Thu, 06 Feb 2003 23:16:44 GMT

So far, I have only bought lotto tickets in Nebraska, usually Powerball, but in 1997, Nebraska used to have Daily Millions and I played that for a while. But I usually just play Powerball. I had thought about buying Powerball tickets in Iowa, since I live next to the state border, so that if I ever won the Powerball, no one would suspect that I won until the day I claim the prize. Someone at one of the Omaha Barnes and Noble stores told me that the state tax in Iowa is about the same as Nebraska... [ More ]

Reply #9

smd173 — Thu, 06 Feb 2003 22:28:38 GMT

CASH,I suspect that Kansas and Nebraska expected (or originally had) more MUSL members on board for 2by2 and for whatever reason they either dropped out or didn't jump on board.

Reply #8

CASH Only — Thu, 06 Feb 2003 18:12:47 GMT

secret: I thought the 90 days applied to ALL the Iowa online games. NEBRASKA question: I wonder why 2by2 is a MULTI-STATE game since the top prize is always $20,000 (no jackpot.) I think 2by2 could have been a Kansas-only game, with Nebraska selling Hot Lotto instead. Do you ever go to Iowa, and, if so, did you try Hot Lotto

Reply #7

rundown99 — Thu, 06 Feb 2003 17:45:53 GMT

CASH OnlyIn IOWA, the Powerball prizes are void after 1 year. However, most states, such as Nebraska (where I live) require the prize to be turned in within 180 days. The Cash Game and Freeway Replay are due in 90 days.http://www.ialottery.com/winningnos/unclaimed.asp

Reply #6

CASH Only — Wed, 05 Feb 2003 18:24:17 GMT

Gary: It depends on the (state) LOTTERY, not the game. In fact, Iowa give players only 90 days to come forward.

Reply #5

gary — Wed, 05 Feb 2003 17:26:57 GMT

I read somewhere that this person has only till Mar 12 to claim the prize. I thought Powerball has 1 year time to claim the prize.

Reply #4

CASH Only — Tue, 04 Feb 2003 08:05:12 GMT

Andy: Have you ever wondered why isn't there a country singer named Johnny Annuity

Reply #3

AnnuityIsGreat — Fri, 31 Jan 2003 19:14:49 GMT

You're telling me that Cash... you rather receive NO money rather than annuity payments.

Reply #2

Bug — Fri, 31 Jan 2003 18:59:58 GMT

Something you don't want to know when you're dead.

Reply #1

CASH Only — Fri, 31 Jan 2003 18:46:42 GMT

AFAIK you have only 6 months to claim a Hoosier Lottery ticket. BTW, he/she/they would also lose big if they _did_ come forward, but choose ANNUITY.

How do you lose by Winning big?

gary — Fri, 31 Jan 2003 18:40:47 GMT

UnclaimedIndianaSeptember 14, 2002Undecided$51,750,000 - Annuity$30,786,773.73 - Cash This is how. This is what accroding the Powerball web site. The person who hit big (30 mil in cash) has not come forward till now to claim it. I thought someone will do it after Jan 1. But NOPE. May be he never know. May be he will find it on Sept 15, 2003.Too bad! I could have used the money......