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The Mega Millions Is A Very Random Lottery Game.Mega Ball 11 Was Drawn On September 11, 2012.Reply
yeah, real random. here's how many times california has won in the last year. California September 11, 2012 Pending $120,000,000 Annuity California July 27, 2012 Cash $52,000,000 Annuity California May 29, 2012 Pending $32,000,000 Annuity California May 15, 2012 Pending $25,000,000 Annuity California November 1, 2011 Cash $78,000,000 Annuity California September 30, 2011 Cash $113,000,000 Annuity so, how many times has your own state
Sep 12, 2012, 2:24 am - HiFi - Lottery Discussion Forum

$241 MILLION: Mega Millions lottery frenzy ramps upReply
All pontificating aside......you are taking the annuity option,therefor your payments gradually increase,so the lottery commission includes the interest in that next payment, then the payment after and so on. When that check is sent to you it comes from the state your purchased it in (Indiana)and they get to take state tax(interest included)...because the annuity and lottery paid interest is treated as income earned for that year, you are required to pay state income tax, even if you lived out o
Mar 18, 2012, 12:02 pm - CDanaT - Lottery News

Something stinks with PowerballReply
Look folks, the real reason that they advertise the annuity values is because it attracts more players than the Present Value. By the way, for those who don't know it, the amount advertised is the annuity value; how much you will have received at the end of a 29 year pay out period. The cash value is the present value of the 29 year pay out as of today, or what $50MM in 29 years is worth today; this is why for PB it is running about 50% of the annuity value. I have run the analysis for
Jul 14, 2009, 10:51 pm - CountingMan - Jackpot Games Forum

Collecting Big WinningsReply
Well, they might not go up next year after all as Obama with his advisers (who probably don't want their taxes to go up either, heh) seems to be backing off repealing the Bush Tax Cuts and raising taxes, at least for now. I'd rather take the lump sum since I'm sure that I could at the very least get a 5% yearly return (with or without it compounding and doing so daily) with some low risk, likely diversified investments which is still a lot better than what the annuity with the T-Bills low
Dec 1, 2008, 8:34 am - DC81 - Lottery Discussion Forum

$1 Quick Pick nets lottery richesReply
Sign up for all the tax shelters you want, the original money is still gone from you bank account! When gone, you don't have it any more. Unless you want to pay a huge tax penalty! A Tax shelter is not some free gimmick that gives you a place to hide money and not pay Uncle Sam. Remember who wrote the laws that allowed tax shelter? You think the Congress did not conluse with the IRS to make sure they still get their money? Surely you do NOT think the U.S. Congress has ever written a loaw to bene
May 23, 2008, 7:07 pm - MeFirstYouLast - Lottery News

What about taxes on remaining Anuity?Reply
Thank you justxploring, That makes sense. Also found this in the FAQ @ Powerball's site... IS THE CASH AMOUNT THE JACKPOT AMOUNT AFTER TAXES? No. When we advertise a prize of $100 million paid over 29 years (30 payments), we actually have less than $50 million in cash. When someone wins the jackpot and wants cash, we give them all of the cash in the jackpot prize pool. If the winner wants the annuity, we invest the $50 million in cash to fund the annuity payments. The winner gets th
Aug 25, 2007, 8:13 pm - sfilippo - Lottery Discussion Forum

Christmas Songs for LPReply
Oh annuity Oh annuity You are good to me - all year long Oh annuity Oh annuity You goodness bring on this Christmas song You were there - in every year You were there - when times are dear Oh annuity Oh annuity You make me sing a happy song
Dec 11, 2006, 7:34 pm - Tenaj - Lottery Discussion Forum

Powerball lottery jackpot raised to $117 millionReply
KY Floyd said: Uff Da: I'll freely admit to a cynical side, but I think you're being far too charitable in thinking the PB annuity payout might have anything to do with offsetting inflation. I figure it's nothing more than a deliberate effort to inflate the amount they advertise. Virtually everyone who wins takes cash, so if the lotteries have any inclination to act in the interest of the players basing their advertising on the cash is the least they could do. I'm with you on that one!
Mar 26, 2006, 11:10 am - Uff Da! - Lottery News

Powerball lottery jackpot raised to $101 millionReply
The cap comes into play whenever the annuity jackpot reaches a previous PB jackpot record. It was enacted about a year and half ago, at which time the highest anuity jackpot that PB had offered was the $315 million that Jack Whittaker took as a cash prize. When PB reached $315 million again the cap came into play for the first time, resulting in a jackpot of $340 million. The recent $365 million jackpot was the second time the cap came into play, when the jackpot again reached the $340 million
Mar 21, 2006, 2:38 am - KY Floyd - Lottery News

$910 MILLION: Mega Millions lottery jackpot making another historic runReply
let me know what your thoughts are after reading the below and the article . I think that getting tax advice for free can be risky. While it's also free, this comes from the state of NJ , which is the state your source thinks might not continue to tax a winner that moves out of state. If you don't want to read it all, How Residents and Nonresidents Are Taxed at the bottom of page 6 says For nonresidents, New Jersey Income Tax liability is based on the percentage of their total income that c
Jul 28, 2023, 5:59 pm - KY Floyd - Lottery News