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Decades of DollarsReply
I'm actually considering taking the annuity if I was to win. I'm still pretty young at the age of 25. A $23,000,000 annuity jackpot would come to about $548,933 after taxes every year for 30 years. Someone making that much a year can afford a $3m house with an inground pool, a few nice cars, nice vacations, and still have a lot left over to pay for other stuff. Even though I wouldn't retire if I was to win on Wednesday, it certainly would be enough that I could if I wanted to.
Jun 13, 2011, 8:28 pm - Guru101 - Jackpot Games Forum

Annuity OptionReply
I agree, the advertising value is too great to get rid of the annuity option. Even if most people never take it, there is no reason to dump it. As far as I know, having the annuity as an option isn't costing the commission any money and a $100,000,000 jackpot is still going to cause more excitement than a $50,000,000 jackpot.
Mar 13, 2011, 11:13 pm - ameriken - Lottery Discussion Forum

MADDOG'S Powerball Challenges (Discussion)Reply
That's exactly right especially for the info that jimmy4164 is referring to. The Powerball annuity jackpot is most certainly NOT a 2x calculation. The cash value is actually the STARTING POINT for the jackpot, because the annuity value is calculated FROM the estimated cash value, not the other way around. Take the jackpot on Nov. 6, for example. The cash value was $67 million, and the annuity was $123 million. So the annuity was 1.8x the cash value, which may not sound like a big differenc
Dec 30, 2010, 11:33 am - Todd - Jackpot Games Forum

Mega Millions: $168M Christmas Eve lottery jackpotReply
I wish that's how it was here but we have to decide at the time of purchase. I guess it does help if you want annuity and want to wait a while to claim (since most states only allow annuity within the first 30-60 days), but I'd rather be free to decide how I want to collect after I've won.
Dec 23, 2010, 5:23 pm - ttech10 - Lottery News

I hate when this happens! Cashier gives me ticket with wrong payment option!Reply
In Ohio winners have up to 60 day after the drawing to choose the annuity or cash option. But the good news is that the annuity only applies to the jackpot and your chance of winning that is about that of a snow ball in H.... Good luck.
Nov 24, 2010, 7:56 pm - RJOh - Lottery Discussion Forum

$140M Mega Millions lottery ticket sold in MichiganReply
In Ohio a winner has up to sixty days after the drawing to decide if he wants the annuity or cash value, it's probably similar in Michigan. After 60 days it defaults to annuity.
Oct 31, 2010, 4:50 pm - RJOh - Lottery News

New York State might "Suspend" lottery?Reply
Good point on the annuity, Keystone. This has been discussed before but when we have more inevitable Cash vs Annuity threads this situation in New York should be a default! Consider the NY lottery state government.
Jun 11, 2010, 9:40 am - Coin Toss - Lottery Discussion Forum

Would You Cash Out Your Annuity?Reply
. One needs to make sure whether or not they want cash or the annuity in the beginning. This way, they can be happy with their decision in the first place and can avoid having to cash out the annuity later and losing money on it.
Apr 2, 2010, 12:21 am - ThatScaryChick - Lottery Discussion Forum

powerball rollReply
Powerball's annuity actually rolled $8 million, which is the highest one roll record for the game, and the first time it's rolled by more than the preset minimum since the restructured annuity. In fact, its second draw cash jackpot of $13.6 million is even larger than Mega Millions' of $12.4 million.
Mar 18, 2010, 8:25 am - ryanm - Jackpot Games Forum

Winning the Jackpot and taxes.Reply
yeah tax advantage of the annuity, i never thought of that. also taking an annuity would gove you practice on living with new wealth. by time you've blown 10 years you might actually start figuring how to liven on the amount you have coming in, without blowing more than you can afford.
Feb 19, 2010, 2:24 am - savagegoose - Lottery Discussion Forum