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Mark Cuban's Advice to WinnerReply
My recommendation on whether to take the annuity or lump sum payment is... If you are age 40 or below at the time you win take the annuity. At that age, you might expect to live another 29 years. And, if you are wise with your money's spending and saving, you would have enough left to last the rest of your life, even after the last payment. If you are over 40 at the time you win take the lump sum cash payment. You might not live to see the 29th payment and the estate taxes due on t
Jan 13, 2016, 3:35 pm - TheMeatman2005 - Lottery Discussion Forum

Why Would Anyone In Their Right Mind Choose Annuity instead of Cash Payout for Powerball?Reply
I am inclined to go with annuity with guarantied a steady income stream, and can help reduce taxes. The only catch if you die along the way the federal tax is due on the balance of remaining lump sum. But the IRS will be amenable to your heir will still collect the annuity with extra taxes called penalty.
Jan 12, 2016, 2:52 pm - azares - Jackpot Games Forum

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
On the question of annuity vs cash, what if for some strange reason you bet the same numbers twice and had two winning tickets. Could you claim one as an annuity and take the other one as the lump sum?
Jan 11, 2016, 5:14 pm - Albeone - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
Okay I recently joined after lurking, but with a now $1.4BILLION!!! jackpot I figured I'd join in on the convo. So my question, if you or anyone else knows, can a husband and wife claim both annuity and cash? So like the wife claims annuity on her portion of the ticket and the husband claims cash on his?
Jan 11, 2016, 4:33 pm - winingbadger - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
Yeah I've read so many very, very astute people's comments regarding taking the annuity and the downsides definitely outweigh the upsides. Pretty much a no brainer now that everyone has both commented on LP and all over the internet as to the pitfalls of going with the annuity. Seems the most popular argument FOR the annuity is that a winner will not be able to burn through all their cash which is totally WRONG! I present good old Bud Post (May he rest in peace) who before winning wa
Jan 10, 2016, 8:50 pm - AbsolutelyFun - Lottery News

$900 MILLION: Powerball lottery jackpot to create unimaginable wealthReply
Joe, you're thinking of it backwards. The cash value isn't determined by the annuity value. The annuity value is determined by the cash value.
Jan 9, 2016, 5:44 pm - Guru101 - Lottery News

$800 MILLION: Powerball lottery jackpot approaches billion-dollar rangeReply
So in texas when you have to pick cash or annuity when you buy you ticket it either prints the annuity or the cash value on the ticket. In ohio even if it changes to 1 billion for tonight it will only print that the jackpot is $700 million and not all of the raises before draw
Jan 9, 2016, 11:07 am - mrlottojackpot - Lottery News

$675 MILLION: POWERBALL SETS ALL-TIME LOTTERY JACKPOT RECORDReply
The largest cash value from the $656 million jackpot in March 2012 was for a 25 year annuity. The current $675 million jackpot with a cash value of $413 million is for a 30 year annuity. The extra 5 years gives the cash value more time to grow with compound interest.
Jan 7, 2016, 4:51 am - whiteballz - Lottery News

60 days to decide if lump sum or annuity, 180 days to claim. Huh?Reply
In Idaho you make the choice for Cash or Annuity when you go in to collect your prize. The Cash/Annuity option doesn't show up on any of our playslips.
Jan 6, 2016, 12:38 pm - ThatScaryChick - Lottery Discussion Forum

Are you ready for the attention?Reply
No pain, no gain. Nobody who isn't delusional wants the publicity, but I'd be willing to accept it for the net on a $1 billion advertised jackpot. I dont think we will ever see a billion dollar lottery A few years back you probably though we'd never see a jackpot of $656 million, but MM got there with odds about 60% lower and each ticket contributing about 31 cents to the jackpot prize pool. If that jackpot had been based on the current prize pool structure of PB each ticket would contri
Nov 24, 2015, 1:48 am - KY Floyd - Lottery Discussion Forum