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Mega Millions now at $125MReply
The annuity went up $3million (125-122) but the cash prize only went up $700,000 (77.1-76.4). More than half of the increased annuity jackpot is due to a change in the interest rate used in calculating the annuity.
Feb 8, 2008, 9:21 pm - Homeydogg - Jackpot Games Forum

Matrix change: Powerball to get much harder to win?Reply
I hope you realize that the cash value is calculated first, then the annuity value is calculated based off the amount of cash. Powerball's cash option is what it is for a REASON. Just because Mega Millions' cash value is a higher percentage of the annuity value, doesn't mean Powerball's cash value can be classified as pathetic . Powerball allows a higher annuity value with less cash than Mega Millions. THAT is why Powerball's cash value is a lower percentage than Mega Millions'. I find it funny
Dec 31, 2007, 12:16 am - Guru101 - Jackpot Games Forum

Payment of Lottery PrizesReply
justxploring....here is what I read on the IRS statement you posted, which is below. When Paid A payment of winnings is considered made when it is paid, either actually or constructively, to the winner. Winnings are constructively paid when they are credited to, or set apart for, that person without any substantial limitation or restriction on the time, manner, or condition of payment. However, if not later than 60 days after the winner becomes entitled to the prize, the winner chooses the
Dec 20, 2007, 2:44 pm - Lucky Cliff - Lottery Discussion Forum

Year-old Indiana Lottery jackpot finally wonReply
From the Indiana Lottery web site; the article's cash option estimate must have been an error: Q. What is the difference between the cash option and the annuity option in the Hoosier Lotto game? A. The Hoosier Lottery advertises the estimated annuity jackpot. If you win, this jackpot amount is paid in equal annual payments over 30 years. However, within sixty (60) days of the drawing, the winner may elect to receive a cash option prize paid in one lump sum. The cash option will be approximat
Nov 15, 2007, 11:01 pm - richnj1 - Lottery News

Retired auto worker, 2 children claim $314M Powerball lottery jackpotReply
People should automatically assume that the advertised jackpot is the annuity amount, so it's not false advertising. It even states on the PowerBall website that the annuity value and cash value are 2 distinct prize options and because it's your option which prize to take, you really having nothing to complain about and there is no cheating of the player. There's also the third option: DON'T PLAY. If someone is going to complain about a game and it's rules, then that person shouldn't even play a
Sep 15, 2007, 3:46 pm - Guru101 - Lottery News

PB & MM jackpots
Wow there is a $74,000,000 difference in the advertised jackpot right now but only a $15,000,000 difference in the cash options. That is a huge difference. This is the way because of powerballs annuity scheme. With more money being paid in the later years that means more interest thus the larger annuity amount. I don't even look at the annuity prizes anymore. Its all about the cash. MM should start catching up on PB now. It has been a while since both games have created good excitement.
Aug 19, 2007, 2:25 am - Bradly_60 - Jackpot Games Forum

selling a winning ticketReply
welcome to LP shrapnel19. if you are talking about selling your ticket to a company and they give you a cashiers check or send you a wire transfer then if you want to avoid publicity that badly then i can understand that but if you are talking about selling your ticket to one of those structured settlement annuity payment places then i have heard nothing but bad things about them because they offer maybe 50 cents on the dollar for your lottery winnings and you still would have to pay the taxes f
Aug 18, 2007, 1:08 pm - tnlotto1 - Jackpot Games Forum

Hoosier LotteryReply
Ohio use to have a similar conversion rate like Indiana that varied between 40%-60% of the annuity amount. It varied because the interest of the annuity investment varied much like banks CD interest rates, so they finally said its cash value was 50% of the stated jackpot value. I've heard that its actually value is still based on the interest paid by the annuity investment but they say 50% because it's easier and only the jackpot winners really need to know for sure..
Aug 10, 2007, 8:33 pm - RJOh - Lottery Discussion Forum

Hoosier LotteryReply
From the Hoosier Lottery FAQ page: Q. What is the difference between the cash option and the annuity option in the Hoosier Lotto game? A. The Hoosier Lottery advertises the estimated annuity jackpot. If you win, this jackpot amount is paid in equal annual payments over 30 years. However, within sixty (60) days of the drawing, the winner may elect to receive a cash option prize paid in one lump sum. The cash option will be approximately 40%-50% of the total annuity jackpot.
Aug 10, 2007, 2:40 pm - time*treat - Lottery Discussion Forum

New Jersey Pick-6 Lotto
When Pick-6 Lotto went to its 6/49 matrix in 2000, it lengthened the annuity to 30 annual payments. Now I see the annuity has been shorted to 26 annual payments, and now players once again have to choose cash or annuity when they play, instead of after they win. Maybe Todd can do some research.
Jan 22, 2007, 5:20 pm - CASH Only - Jackpot Games Forum