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A different cash vs annuity question
Let's say you win the lottery in Venezuela currently (not sure if they have lotto, but just for grins...). For those who insist on taking the annuity, what say ye now?
Feb 13, 2019, 11:18 pm - Coin Toss - Lottery Discussion Forum

He won $19 million in the lottery — and became a bank robberReply
It also disproves the advice to take the annuity. This guy did and he still blew it like a nuclear bomb. He likely would have done the same with the lump sum but if you've not got your head screwed on right, the annuity isn't going to be the answer. I've heard the problem with the annuity and dumb people is that they borrow against the next payment or sell it to companies who buy those annuities who, of course, take a big cut. This article says he borrowed against the next payments. Stupid is as
Sep 30, 2018, 1:18 pm - Sorrento - Lottery News

Option for annuity vs. lump sum on lesser prizes?
Just a curious question about the non-grand prizes in the various lotteries, i.e., Mega, PB, etc. I know the advertised jackpot is the future value of the jackpot if you were to take the 30 year annuity and the lump sum is about 2/3rds. But what if you were to win the 2nd prize , like the 5 out of 5 $1million prize? Is the prize really $1m or is it the same where it's actually about $600k and you had the option to take the money over 30 years? Or is it $1 million, period (before taxes)?
Sep 20, 2018, 10:18 am - Sorrento - Lottery Discussion Forum

Top Prize InformationReply
They aren't forced to do anything - you have the choice for annuity or a lump sum. Lifetime annuity usually only equals 20 years of payments. Most financial investors will tell you to take the lump sum and invest it- even a conservative investment will be the interest rate the lotteries use to calculate their annuity payment interest rate. The down side to taking a lump sum is the temptation to go out and spend it on something big. If you can avoid doing that and investing the lump sum, you c
Dec 28, 2016, 1:00 pm - ScratchSmarter - Instant ("Scratch-Off") Games Forum

Top Prize InformationReply
I've only played CA Scratchers for less than a year and haven't played every game, but I have only seen annuity/lump options on Scratchers games with top prizes of $5 million or more. The exception is the Set for Life games that have monthly payout options for their top prizes--the $1 game even had a $2000/month option on its $600,000 top prize. The back of ticket usually states if there is an annuity option and I don't think a top-prize winner is ever required to take the annuity.
Dec 25, 2016, 3:04 pm - James78 - Instant ("Scratch-Off") Games Forum

Does the increase in the return on bonds increase the payout on annuity'sReply
At my age there is no way I take an annuity. I know my kids/wife can inherit an annuity, but I simply don't trust that the money will always be there for the life of the annuity. Who knows, the government might decide to do funny stuff with annuities. Increase taxes...etc.
Dec 19, 2016, 10:42 am - rcbbuckeye - Lottery Discussion Forum

Does the increase in the return on bonds increase the payout on annuity'sReply
Annuity rates are based on the interest rate in effect at the time the annuity is purchased. But why on earth would you take an annuity payment over a lump sum?
Dec 19, 2016, 9:34 am - Tialuvslotto - Lottery Discussion Forum

$359 MILLION: Powerball jackpot heats upReply
In the past few roll overs the annuity value has far outpaced the cash value. It was close to 70% now the past two have been about 50% od the annuity value. They are simply trying to inflate the annuity value but most people only care about the cash value.
Nov 20, 2016, 10:54 am - Unluckyone - Lottery News

$333 MILLION: Powerball offers up summertime richesReply
I play every drawing it doesn't matter what the jackpot is. I always look at the cash value over the annuity. It makes more sense to me to take cash then the annuity anyways some people would call that foolish because I'm still relatively young... of course I would rather take the tax hit now and get it over with so I can properly invest in what I want to instead of having the lottery buy up bonds. Now is the time to win so you don't have a bloated annuity figure and a smaller cash option. Howev
Jul 14, 2016, 3:00 pm - adamc224 - Lottery News

Annuity vs Cash Value
Whit the low interest rates available today, the cash value is approximately 71% of the annuity jackpot amount. Which would you take if you won a jackpot?
Jul 14, 2016, 12:58 pm - TheMeatman2005 - Lottery Discussion Forum