Tonite's NY Lotto is....

Reply #3

megamillionaire — Sat, 05 Apr 2003 14:11:02 GMT

Cash:Bad payout or not what you get back for a buck is better than a sharp stick in the eye.

Reply #2

CASH Only — Sat, 05 Apr 2003 14:03:46 GMT

Mega:Actually, the NY Lotto annuity consists of graduated payments (which someone who graduated high school knows to avoid).Someone who makes the WRONG choice in NY Lotto receives 2.5% (before witholdings) in the first check, 2.7% in Year Two, 2.8% in Year Three, 2.9% in Year Four...and 5.0% in the final payment.But, since NY Lotto has a TERRIBLE prize return, I _almost_never_ play NY Lotto, even with the cash option.(Best game in NY is the Instant Take Five scratcher.

Reply #1

megamillionaire — Sat, 05 Apr 2003 13:56:37 GMT

I've got my tickets and they're all for cash value.I can do better with approximately 19 million (minus taxes) than I can waiting for approximately 1.4 million (minus taxes) a year from the state. Besides who says you're going to be around for 26 more years. Get now split it up among those you want to give it to and no hassles when you go.

Tonite's NY Lotto is....

AnnuityIsGreat — Sat, 05 Apr 2003 13:30:22 GMT

$38 Million DollarsRemember to ask for annuity when purchasing these tickets. You can't change them later.