Search

$220M lottery winner wants to be billionaireReply
Some people prefer annuity, others lump sum. Honestly I could go either way and be happy. I tend to forget to mark the cash option box when I play so it would end up being an annuity by default.
Jun 21, 2005, 4:40 pm - TNPATL - Lottery News

$220M lottery winner wants to be billionaireReply
If I won more than $100 million it would be annuity for me. Anything less cash. (Bring on your knives and pitchforks I said I would take annuity.)
Jun 19, 2005, 2:22 pm - Tnplayer805 - Lottery News

$220M lottery winner wants to be billionaireReply
I dunno, CO. I'd have to think about it, probably take the annuity, just to have on record that I did. Any time that many people care as much as the people here do about whether someone takes the lump or the annuity, I'd say there's almost a moral obligation to run against the current. Even though I'm reasonably sure I wouldn't come within 15 years of living long enough to draw all of it.I just hate people getting into my business enough to be saying what I ought to do.Jack
Jun 19, 2005, 2:18 pm - Rip Snorter - Lottery News

cash vs. annuityReply
One aspect that argues in your favor is that interest rates for money and dividends for bonds are extremely low at present. That means you'll get a large lump sum relative to the annuity value which I think uses the treasury bond rates. If shorter-term interest rates keep rising and longer rates fall, you might do better to gradually invest that lump sum as rates rise than the annuity that's stuck with long-term t-bond rates of around 4 percent.
Jun 5, 2005, 8:44 pm - lchoro - Lottery Discussion Forum

Nightmare scenario
CA, NY, and TX require the cash/annuity choice when you PLAY instead of after you win. All three states go to computer drawings for their in-state games. The computers are manipulated so that only those who chose annuity have a chance to win the jackpot.
May 14, 2005, 10:49 am - CASH Only - Lottery Discussion Forum

California Lottery fixes major problem with Derby gameReply
CA requires the cash/annuity choice when you PLAY instead of after you win. I could see CA (or NY, or TX) drawing its lotto by computer, with the software programmed so that only players who chose annuity had a chance to win the jackpot.
May 13, 2005, 12:01 pm - CASH Only - Lottery News

Winner of $56 Million CA Lottery Jackpot Too Busy To Claim PrizeReply
If you got a lump sum and wanted an annuity you could always buy one, that's what Insurance companies sell. If you had an annuity and wanted a lump sum there are plenty of companies out their that would BUY it from you for a fee. Bottom line, where money is involved there are ALWAYS options.
May 12, 2005, 8:12 am - mjwinsmith - Lottery News

Winner of $56 Million CA Lottery Jackpot Too Busy To Claim PrizeReply
I am about 95% sure that regardless of what a state's rules used to say, a Federal law now allows anyone to change from annuity to cash, within a specific time frame, even if the state requires you to make a choice at the time of purchase. I do not believe, however, that you can switch from Cash to Annuity.
May 11, 2005, 8:38 pm - castles - Lottery News

PB streak is over!Reply
Quote: Originally posted by ryanm on April 28, 2005 I know this is off-topic, but one of the winners in the lucky streak, Eric Kyle from Idaho, who won the jackpot on February 23 of this year, had not yet decided whether to take the annuity or cash. It has been over 60 days since he won, so, unfortunately, I believe we have another annuity jackpot value taker.http://www.powerball.com/powerball/pb_stories.aspWow, that's very interesting! Truly a case of you snooze, you lose.
Apr 29, 2005, 9:59 am - Todd - Jackpot Games Forum

cash vs. annuityReply
Quote: Originally posted by Shawnintennesse on April 28, 2005 You playing Cash 3 today?If so i got a tip for ya. Play 222,325... 222 is laying in our stacks and GA's...what does the daily game have to do with cash vs annuity? do they offer a pick 3 winner in annuity form like $20 a year if you win a straight?
Apr 29, 2005, 2:33 am - dvdiva - Lottery Discussion Forum