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Mega Millions' annuity jackpot now larger than Powerball's...
...given any cash jackpot level. This is because, like Powerball, Mega Millions now pays its advertised jackpot in 30 graduated installments (over 29 years). HOWEVER, Powerball's payments increase by only 4% each year, while Mega Millions' now increase by 5% each year (Source: http://www.megamillions.com/how-to-play ), meaning Mega Millions can fund its annuity jackpot with less cash than Powerball can. It's no wonder Mega Millions can justify an opening jackpot of $15 million (when its opening
Oct 19, 2013, 10:56 am - ryanm - Lottery Discussion Forum

MM going to 30 year annuityReply
The Texas Lotto is now using a 30 yr. annuity, too. If I were younger, say 30 or under w/ a family, I'd opt for the annuity, but since I'm not (sigh), I play the cash option. I believe I read a story in here about a woman who inherited a Texas Lotto annuity only a yr. after her brother had won it and was hit w/ such a huge tax bill (income and estate taxes) that she wasn't going to get any of the money for ten years and was going to have to chip in a substantial amt. of her own money towards the
Oct 12, 2013, 10:07 am - mikeintexas - Lottery Discussion Forum

$400 MILLION: Powerball lottery jackpot explodesReply
This may have already been answered... the government bond yields are higher than in 2012 and early 2013. The higher the bond yield, the less cash is needed for a larger payout over 20-30 years; if this was May 2013 the actual annuity value would be 370 million... 61% of the annuity would be cash, because bond yields were less. I think and I am probably going to jinks myself by saying this but it will roll again possibly twice. Most people never pay attention to the cash value they only see the
Sep 16, 2013, 10:48 pm - adamc224 - Lottery News

Twelve things not to do if you win the lotteryReply
Its unfortunate that nobody, even talks about taking the annuity, instead of the lump sum anymore. If you are young, and the jackpot is large enough, taking the annuity route might actually be a wise choice. At least you have 26-30 years, before you actually go broke. Most people outgrow their stupidity within the first five years. Better than paying some SUIT AND TIE, you don't know, thousands of dollars to manage your money. Hmm maybe I should take the annuity and use my drinking buddies. To e
Aug 27, 2013, 5:55 pm - mypiemaster - Lottery News

What is your jackpot wish for Today & Saturday?Reply
His advisor had his winnings invested in a annuity paying him $85k per month for the rest of his life and that wasn't enough for David Edwards. He cashed out and proceeded to blow his entire fortune. Just because an annuity option is available doesn't mean someone who can't handle money is safe. There have been many past winners who had taken the annuity option simply because the cash lump payout wasn't available and cashed out.
May 18, 2013, 4:06 pm - Jill34786 - Lottery Discussion Forum

Has the lottery ever failed to pay annuity?
Have they ever failed to play annuity to lottery winners through no fault of the winners? Please note that I am only interested in historical facts of this very question and not a political discussion.
Apr 14, 2013, 4:04 pm - redhot7 - Lottery Discussion Forum

DO you really lose money if u take the annunity over the lump sum?Reply
I decided long ago to take the cash but anyone considering taking the annuity should consult with a credited financial planner before making that decision. The fine print of the $1 million prize given by America's Got Talent is a 40 year annuity at $25,000 a year. Wonder how much cash J.G. Wentworth would give for that annuity if the winner needs their cash now .
Aug 14, 2012, 1:03 pm - Stack47 - Lottery Discussion Forum

DO you really lose money if u take the annunity over the lump sum?Reply
I humbly agree with you on this. In the event that anything should happen to society, the value of the dollar, and the failure of banks, regardless if you chose it or the lottery commission does, if the event was that dire, it would be rendered useless. Maybe you would be able to prevent which bank would fail on you, but if the economy was that far down the toilet, it would happen eventually. Even if you had investments in real estate, like you said, if nobody can afford it then it just hurts yo
Aug 13, 2012, 1:15 am - DisplacedLurker - Lottery Discussion Forum

DO you really lose money if u take the annunity over the lump sum?Reply
Your tinfoil hat needs adjusting, possibly repair. Just to expand upon Coin's post regarding the difference between the cash value and the estimated annuitized jackpot : The lump sum exists regardless of the payment method the winner chooses. It's either paid out immediately or used to fund the annuity. The rest of the money, of course, comes from the interest that builds up on the principal over the years. The reason why it takes a couple weeks to receive your money -- again, regardless of l
Aug 12, 2012, 6:43 pm - mediabrat - Lottery Discussion Forum

$540 MILLION: Mega Millions buying frenzy sparks another jackpot increaseReply
I bought my 10 QPs today here in the backwoods of Sweetwater, TN. I could definitely use the money. Still unsure of whether to take the cash or annuity if i win? $292,500,000 cash after taxes sounds nice. That means I would have to open up 1,170 different accounts of 250K each, since FDIC only insures up to that amount. Im afraid if I took the cash and put it in the bank, someone might steal my identity and take every dime.Im leaning more towards annuity. But with possible tax rates rising in th
Mar 29, 2012, 6:12 pm - IllwinIt - Lottery News