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US Powerball multi-state lottery game expanding to the UKReply
My assumption.. Likely operate similarly to California .. Prizes less than the jackpot. Because they are UK, won't be taxed at payout (tax collected at point of sale). No federal tax because effectively UK lottery . Jackpots.. Because they are pooled... and payed out only as an annuity.... not sure...
Apr 15, 2026, 12:46 am - kao1632 - Lottery News

Final Cash4Life and Lucky for Life drawings taking place SaturdayReply
No. It would be half. Lottery games that advertise $18 million jackpot normally cheat you out of 50% of that by saying well, it's $1 million/year for 18 years , and if you want a lump sum payment, you get $9 million. With Millionaire 4 life, the lump sum really is $18 million, and if you prefer an annuity, it pays you for life with a minimum of 20 years.
Feb 21, 2026, 7:12 pm - Tucker Black - Lottery News

Millionaire for Life multi-state lottery game to replace Cash4Life and Lucky for Life in FebruaryReply
You make good points, but everyone's situation is different. In my current situation, I'd take the lump sum and invest it. If something happens to me, I want my wife to be well provided for permanently, not just for the duration of the annuity. If I was single, I'd take the annual payments since it would only be me to worry about. For the annual payments, I'd take a certain amount to live on and place the rest in investments and savings. The $5 MegaMillions supposedly hasn't done so we
Jan 26, 2026, 12:53 pm - PrisonerSix - Lottery News

Millionaire for Life multi-state lottery game to replace Cash4Life and Lucky for Life in FebruaryReply
It doesn't matter which option the winners choose. The top prize is split among all winners. Two winners means they can choose between $500,000/year or $9 million lump sum. The second prize is not pari-mutuel unless 21 or more win it. https://millionaire-for-life.com/cash-vs-annuity With daily drawings, this is pretty unlikely, unless the game gets very popular.
Jan 26, 2026, 12:27 pm - Tucker Black - Lottery News

"I can't believe it!" North Carolina man hugs store clerk after winning $2 million prizeReply
You have a good point. However, the time is shorter when the payments are all equal. But with the way PB and MM annuity are determined, increasing every year and more towards the last five years, you would need around 19 to 20 years to get to the present lump sum value option. In those 19 to 20 years the lump sum would have grown exponentially
Jan 14, 2026, 10:34 pm - JustMaybe - Lottery News

$1.7 BILLION: Will Powerball create a Christmas billionaire?Reply
If they gave me the 92M minus the 4, I will gladly take it and run like crazy However, your point is very valid, most players get hyped with the annuity and forgot to look at the lump sum value which they would mostly take. I am glad where I live there is no state tax on the lottery.
Dec 23, 2025, 3:07 pm - JustMaybe - Lottery News

$1.5 BILLION: Massive Powerball jackpot fuels rush for ticketsReply
That is incorrect. The cash option is not a calculation, it is a direct estimate based on actual + estimated remaining sales. The cash value going up means more tickets were sold to this point than were anticipated to be sold at this point. The annuity certainly changed too, based on the updated cash amount, but likely not enough to change a 1.xx billion precision format.
Dec 19, 2025, 7:33 pm - Todd - Lottery News

$1.1 BILLION: Powerball jackpot increased in longest-ever winless streakReply
Yes, that would be much simpler and fairer. Taxes should be built into the price of the ticket, although I understand each state has different taxes and you wouldn't have a flat ticket price. Let's be honest, unless you take the actual cash and stuff it in a mattress, the winnings will be spent or invested and thus taxed at every stage - profits, dividends, interest, stamp duties, sales taxes etc etc etc. Here in Australia our Powerball jackpots are obviously much lower given our population
Dec 15, 2025, 4:55 pm - Barramundi - Lottery News

One Georgia ticket wins $983 million Mega Millions jackpotReply
Story updated with final jackpot and cash amounts, replacing estimates previously reported. Annuity: $983 million Cash Option: $453.6 million
Nov 17, 2025, 11:15 am - Todd - Lottery News

New Millionaire for Life multi-state game coming in 2026Reply
What are your thoughts if two people win the jackpot - do you think that at 500K a year it's still worth it? I definitely like the 1M a year prize at the given odds. LFL currently has a 20 year guaranteed payment if you opt for the annuity.
Oct 23, 2025, 4:20 pm - JustMaybe - Lottery News