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Hello everyoneReply
Virgil: It's a problem many of us would like to have. If you were to choose CASH if the choice must be made when you play, and then you won, or if you win AND THEN you get to decide, the best thing to do is get financial/legal/tax etc advice. Choosing annuity when you play is taking any financial leverage you would have (if you chose cash) and giving it to the company selling the annuity to the lottery-THEY want to make money on your winnings when it should be YOU who calls the shots .
Mar 29, 2002, 6:40 am - Guest - Lottery Discussion Forum

Ohio Super Lotto 6/49 for 10/13/2001Reply
These games are usually not worth playing: 1) MA Megabucks 6/42; 2) Mass Millions 6/49. Both games are still ANNUITY-ONLY. 3) NY Lotto 6/59 (2g-$1) Prize pool only 40% of sales. 4) OH Lotto 6/49. Ohio uses different cash values for annuity vs lump-sum winners. 5) PA Super-6 (6/69; 3g-$1) Players CANNOT choose 2/3 of #. 6) Tri-St Megabucks 6/42 (ME-NH-VT); In N.H. play Powerball.
Oct 14, 2001, 6:15 am - Guest - Lottery Discussion Forum

Some Numbers to try for BG for 09-07-01
Next BIG GAME Drawing FRIDAY 09/07/2001 Annuity $7 million Cash $3 million BIG GAME 09/04/2001 26 29 32 33 43 Big Money Ball 36 Annuity $0.00 Cash $0.00 So here is my guss on what numbers to play05|10|15|21|23|===0301|15|29|35|40 ===1610|20|30|35|37 ===06Good Luck
Sep 6, 2001, 11:56 am - Guest - Lottery Discussion Forum

Powerball reaches $643 million: highest lottery jackpot of 2025Reply
Yep it's not even a top 25 jackpot per the cash value. What really matters is that the advertised annuity is #23 but the cash that a winner will almost certainly take is only #37. It's getting there, but as of now this one isn't a huge jackpot in terms of the biggest jackpots of the last few years. The 5% annual increase in payments makes the lump sum even less than it would be with constant annual payments. I'm surprised that you got that completely backwards. With fixed annual pa
Aug 21, 2025, 3:43 am - KY Floyd - Lottery News

One ticket sold in Maine wins $1.35 billion Mega Millions jackpotReply
They are now the richest and most taxed individual in the state of Maine. No telling whether they'll want it a for themselves or give a lot to charity, but after taxes they could end up with a bit over $400 million. Their tax bill would be higher but they'd still be about $100 million poorer than Stephen King. I didn't bother asking Google, but I think that King is the richest resident of Maine. could he/she get away from paying Maine taxes by simply moving to New Hampshire before claim
Jan 15, 2023, 2:09 am - KY Floyd - Lottery News

Tax Strategies For Lottery Winners - Lump Sum vs InstallmentsReply
Yes higher tax rates in the future and don't forget the biggest factor of all when it comes to any currency in the world! The Value the world puts on that Currency! I'll take my dollar at todays value rather than the uncertain value 10 - 15 and 26 yrs. down the road plus adding in the higher tax rate on top of it! As the old saying goes A bird in the hand is worth two in the bush will always hold true anywhere in the world, no matter where you go! And think about this one while you're at i
Jan 13, 2011, 10:16 pm - BaristaExpress - Lottery Discussion Forum

For the Millionth Time...Reply
Madoff wasn't the first person to pull this sort of thing, it's just a variation of an old, scam. The Ponzi version of the scheme has been happening for a very, very long time he's just the most recent and currently well known example because of how much money he suckered out of people. You know why people got screwed by Madoff? They were suckers who were far to trusting and hands off with their money. Take a current advertised jackpot (Mega Millions at 105M/67M for this example) and see w
Oct 2, 2009, 4:50 am - DC81 - Lottery Discussion Forum

What to do with $500,000?Reply
The Florida Raffle is not a jackpot game where you have a choice of an annuity or lump sum and never has been AFAIK. It is also not parimutuel so, if you do win one of the nine $1M prizes, you will win $1M, no more, no less. I see nothing that mentions the grand prize has a lump sum or annuity option. Someone please correct me if I'm wrong. Even if you have no deductions whatsoever in 2009, except for the standard deduction, you would end up paying approximately $319K in Federal Income tax. Y
Dec 21, 2008, 5:22 am - justxploring - Lottery Discussion Forum

One more annuity vs cash discussionReply
Hummm...where's CashOnly when ya need him??? First, I think (and this is only my opinion as since I have not had time to do the calculations and probably will allow someone else to do that anyway) that an annuity payout is actually an incredible handicap to one's buying power . Simple mathematics makes that clear. If you divide $100,000,000 over a period of 30 years is roughly $3.3 million annually. After taxes, you would only end up with roughly $1.6 million spendable funds. Now, if you
Jan 19, 2007, 8:47 am - SirMetro - Lottery Discussion Forum

Take the Lump sum...not Annuity!
If you win lottery, take lump sum and investBy RONALD LIPMANQ. Every time I buy a lottery ticket, they ask me whether I want the cash option or they simply assume I want the cash option. Apart from getting more money right away, which is financially smarter: taking the smaller amount now or taking the periodic payments?A. The cash option is the way to go for most people. Here's why.If you choose the annual payments, 1/25th of the total jackpot will be paid to you once a year for 25 years. If you
Feb 17, 2003, 6:04 am - MichiganHopeful - Lottery Discussion Forum