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Biggest lottery game ever in the works?Reply
I would not mind another game with a Monday/Thurs draw. But if the price point is going to be different, say $3 or $5, then they better up the ante quite a bit. AND it has to be different than the other two. Something like 6+1 with a higher progressive 2nd tier, and a higher set 3rd tier (like $1m). Annuity is fine, with cash or annuity option for jackpot 2nd prize. You could have a $5 draw, $100m 6+1 starting progressive annuity jackpot, with $20m 5+1 starting progressive annuity 2nd tier. 4+1
Jan 26, 2013, 7:58 am - Piaceri - Lottery News

Question about the "Cash" or "Annuity" OptionReply
Most lotteries did away with making the choice between cash or annuity before the drawing many years ago and now the winners make that choice when they validate their ticket. I believe in Ohio if they are still undecided, they have 60 days to make up their mind. I'm not a financial adviser but it may be possible to purchase a larger interest baring annuity with the lump sum payoff before taxes are taken out. The down side with taking the annuity option is you're locked in for 25 or more years
Jul 5, 2011, 8:34 am - Stack47 - Jackpot Games Forum

Lottery ticket bought in Queens hits $133M Mega Millions jackpotReply
In Georgia , at time of purchase you must select cash option or annuity. If jackpot prize is won, and you chose Cash Option at purchase, you have 60 days from date prize is claimed to change your mind and claim prize as annuity. if you chose annuity at time of purchase you cannot change it to cash option if jackpot prize is won. In South Carolina, you must also choose Cash Option or Annuity at purchase time. I don't know if you can change claim method if jackpot prize is won. I love the
Jul 11, 2009, 5:34 pm - corius$1918! - Lottery News

N.C. town abuzz over $88M Powerball lottery jackpot winReply
Yes, but keep in mind that the Powerball annuity is different than all others, because it increases each year. The MUSL people say that it's beneficial, because it makes the annuity as valuable in the final year as it is in the first. (Inflation makes most annuities much less valuable in the final years -- $200,000 per year will be worth a lot less 30 years from now.) The side-effect (perhaps the intended effect) is that the annuity can increase faster than it would with a static annuity, rel
Jun 23, 2009, 1:17 am - Todd - Lottery News

Cash option and taxesReply
The problem with an annuity is it assumes the investment over the future. We don't know what the future will hold. The government might change that changes the ownership of an annuity therefore stopping future payments depending on the regime of a particular government. Also INFLATION is a certainty with the future. Even though the definition of an annuity guarentees said amount in total payments over the life of the annuity. $100 million today is different than $100 million 30 yrs from now.
Apr 23, 2009, 7:59 pm - SpanaUnlimited - Lottery Discussion Forum

Powerball now has the potential...Reply
There is no limit to how much the jackpot can increase until the jackpot exceeds the existing record. Right now that record is 365 million. In theory, people could go crazy over the next 3 days and buy 400 million tickets. If that happened, the cash value would increase by about $128 million, which would mean an increase in the annuity value of about 218 million. That would result in an advertised jackpot of 364 million. If 500 million tickets were sold there would be an extra 32 million cash, w
Jan 12, 2009, 2:34 am - KY Floyd - Jackpot Games Forum

$170 MILLION: Mega Millions lottery jackpot raisedReply
Since I said figuring a bit conservatively I'd imagine something along these lines it's 100% accurate. I wouldn't be at all suprised if it grows a bit faster, especially if we do see 2 more rolls, but I think you're living in the past if you think it will jump to 210 on the next roll. Last May it went from 166 to 196, which is essentially the same as 170 to 200, but that was with higher interest rates. At that time an annuity increase of 30 million meant sales of about $56 million . Right now it
Dec 8, 2008, 5:57 pm - KY Floyd - Lottery News

Do you still feel the same about Cash Option or Annuity??Reply
if the T-Bill rates increase between the draw and the time you claim, is the cash option amount likely to change? The Ohio lottery website describes the procedures for MM. They apparently buy the govt securities when the cash comes in, and then sell to pay the lump sum. Imagine they buy 100 million worth of bonds paying 2.5% and bonds paying 3% become available before the prize is claimed. Would you pay $100 million for the ones that only pay 2.5%? Conversely, if rates drop, the value of th
Dec 7, 2008, 3:12 am - KY Floyd - Lottery Discussion Forum

How are payments invested?Reply
At least some former winners who sold their annuity end up with more problems, especially with taxes which for some reason the ones I've read about thought they could actually still get away with paying the taxes on only what the yearly annuity payment is and not the lump sum they acquired. Though I think at least some of them had no choice but to take the annuity at the time they won but they seriously should know better. Probably doesn't help that they take this lump sum because they need mone
Aug 17, 2008, 10:30 am - DC81 - Jackpot Games Forum

Lump Sum or payments?Reply
It makes no sense to take payments at any age! Take the lump sum and get the proper financial advice to maximize your return on your investments and live a comfortable life from then on. The lump sum pays less taxes over time than the annuity! Yes you pay more every year with an annuity! I'd rather pay 15% in capitol gains tax, than the whopping 25% right off the top every year and then still owe another 10% to the IRS for a grand total of 35% in taxes paid each year that I'd receive the annuity
Feb 13, 2008, 1:51 pm - BaristaExpress - Lottery Discussion Forum