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Message to Ohio Lottery players
The $13.3 million cash value in Mega Millions is over 53% of the annuity option. However, the Ohio Lotto cash value is ONLY 44% of the annuity. The extra four payments (30 total) in the Ohio Lotto annuity do not fully account for the 9-percentage-point difference in the percentage of the cash options vs the respective annuities. This proves that the Ohio Lottery continues to cheat lump-sum winners in Ohio Lotto of the FULL cash value. Something to think about now that Mega Millions is played in
May 15, 2002, 1:44 pm - CASH Only - Lottery Discussion Forum

CASH/LUMP SUM VS ANNUITY
Hey everyone I just came up with probably the best reason to choose the cash/lump sum options and that is dealing with people aint worht a damn these days. I recently made a purchase online from a major retailer and called customer service to check on the status of the order and know one knew anything and had very bad attitudes and afterwards decided that maybe this was a hint that if I was to win that the cash/lump sum might not be a bad thing after all. I can just imagine dealing with people l
Apr 3, 2002, 1:47 pm - therock - Lottery Discussion Forum

Hello everyoneReply
I'm only saying that the annuity should be an OPTION rather than mandatory. Complicating matters is that SOME games still require the choice be made when you play. If the game REQUIRES you to choose when you play, CASH/LUMP SUM gives you control of your winnings. If you were to choose annuity you're giving up the chance to invest a major portion of your winnings however you wish. If you play a game where the choice must be made when you play, choose CASH; then after you win, hire someone who w
Apr 2, 2002, 3:46 pm - Guest - Lottery Discussion Forum

Hello everyone
Hello everyone,Great site, and this is my first post. I've been reading through some of the posts and havea question that I'm hoping someone can answer for me. There seems to be common thought from those who know that annuity options are notworth playing. I live in MA and we do have MA Millions and Megabucks which only offerannuity. My questions is WHY is that such a bad thing? Is there a better chance to endup with more of your winnings by choosing lump-sum vs. annuity? I do understand that h
Mar 28, 2002, 8:59 am - someday22 - Lottery Discussion Forum

Annuity or Cash ValueReply
just look at what happened with publishers clearing house. Here's a fun fact. Publisher's Clearing House wasn't running a Ponzi scheme, but they were apparently paying for prizes won in the past with the money they were making when a prize payment was due. There was no prize money set aside in a separate fund, let alone with a 3rd party that was responsible for making the payments independently of PCH. If a state defaults on an annuity it's going to be because there was some major financial
May 9, 2026, 1:56 am - KY Floyd - Lottery Discussion Forum

Joining a lottery club?Reply
Way back when Texas was an annuity only game there was no option. Initially sold as an annuity-only game (no cash option), the purchaser having to pick numbers, and the drawings held only on Saturdays, Lotto Texas later added the Quick Pick option (random selection of numbers, added on May 29, 1993, the Lottery's first anniversary), the Cash Value option (CVO) in 1997, and changed the drawings to twice weekly, adding Wednesdays. (Powerball started the CVO November 2, 1997) At the tim
Apr 1, 2023, 7:05 pm - garyo1954 - Lottery Discussion Forum

Florida Scratch Offs - Post Pictures if posibleReply
Spot on, Gators! Folks, traditionally for prizes of $1M or more the FL Lotto offers 2 payment options; a fixed payment per year over a given number of years (usually 25), or a one-time lump sum. As new games with prizes at $1M or more are released, the FL Lotto essentially locks in pricing for the fixed payment option with an insurance company. These financial products are referred to as Fixed Immediate Annuities, and are among the most stable annuity products available. If someone elects th
Mar 25, 2023, 12:04 am - Cape $cratcher - Instant ("Scratch-Off") Games Forum

Are you ready for the attention?Reply
Hehehe. Many years ago when the Washington State Lottery Commission first offered its state lotto game, some guy won a modest jackpot. Apparently worried about media attention, he showed up at the regional lottery office in Vancouver, Washington (just across the Columbia River from Portland, Oregon) wearing a gorilla costume (grin). And while he was standing in front of the customer service window redeeming his ticket, one of the media people reached out and tried to remove his gorilla mask. The
Jan 10, 2016, 7:41 am - AlecWest - Lottery Discussion Forum

Tax Issues on Lump Sum vs. Annuity Payout
What are the TAX ISSUES to consider regarding an annuity vs. lump sum payout for a $800+ Million Dollar Jackpot ?? On an annual basis, would you end up paying more yearly taxes on an annuity payout, or would you pay more taxes on a $450+ Million lump sum sitting in some form of bank account ??? This may sound naive, but ... You could actually spend an annuity of $15+ Million yearly, giving it away to humanitarian and charitable causes. But ... How do you shelter a $400+ Million lu
Jan 8, 2016, 2:33 pm - destinycreation - Lottery Discussion Forum

Making the annuity option more attractive?Reply
MM and PB use government backed securities, from the FAQ on the PB site: There used to be a larger difference between the two games, but the Mega Millions game was recently changed to mirror the Powerball annuity option. The difference (spread) between the cash and annuity jackpots amounts are now about the same. Both games offer an annuity that pays out in 30 payments over 29 years (the first payment is immediate). Both annuity options are graduated. Any difference will be the result of inv
Oct 11, 2015, 7:16 pm - ArizonaDream - Lottery Discussion Forum