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$359 MILLION: Powerball jackpot heats upReply
The cash value is the REAL jackpot. They post the annuity for the jackpot because it looks better, it's bigger. To get the annuity amount, they take whatever the cash value is and calculate the percentage based on the current interest rate. The annuity is the amount the cash value is worth with interest over a 30 year period. I probably didn't explain it very well. Frankly, most people choose the cash, and I always choose the cash when I buy my tix. In Texas we have to make the choice when
Nov 20, 2016, 10:51 pm - rcbbuckeye - Lottery News

Judge rules NJ couple's lottery annuity payments can't be taxed retroactivelyReply
So what happens if you choose the annuity in a state where there is a tax on the lottery winnings already but the tax percentage either increases or decreases over the period of the annuity? Are you subject to the increase or awarded with the decreased percentage over the remaining period of the annuity? In the case of New Jersey has a legal precedent been set so that going forward if a tax increase on lottery winnings were to happen that winners under the lower tax percentage would not be s
Oct 18, 2016, 6:29 pm - GoForTheGold - Lottery News

The big jackpots have been won- What now?Reply
The $15 mil increase must mean that more people bought tickets over Powerball's projected minimum threshold. If you look back to the last time when the annuity jackpot began at $40 mil, it went from 40 to 50 to 60 to 70 to 80 to 90 to 100 to 110 and then when ticket sales picked up it went from 110 to 123 getting a $13 mil bump. and so on..... If it was the cash value that got the $10 mil bump, the annuity jackpot amount would have increased about $14 mil with each rollover. It's only when
Aug 7, 2016, 10:32 am - TheMeatman2005 - Lottery Discussion Forum

$333 MILLION: Powerball offers up summertime richesReply
If you look back at the Powerball payouts from just a few years ago, you will see that the cash value to annuity ratio was about 55% compared to now where it is about 69-71%. This means that if the cash value of the current jackpot ($250.3 mil) was figured at the same ratio from a few years ago, the annuity jackpot amount would be advertised at about $455 mil and not $361 mil. The average lottery players may not get as excited over a $361 mil jackpot compared to when it was over $900 mil t
Jul 17, 2016, 11:36 am - TheMeatman2005 - Lottery News

Can a lottery Cash Value be more than the Annuity Certain?Reply
I'd say there's absolutely no chance at all that you'll see a jackpot advertised that way. While it might theoretically be possible for an annuity to have a negative rate I'm sure there's zero chance that a lottery is going to advertise an annuity of $500 million if the cash value is $535 million. If those were the options we'd just see lotteries advertising the cash value that the overwhelming majority of winners choose anyway, because the advertising is all about promoting the biggest numbe
Jul 16, 2016, 9:06 pm - KY Floyd - Lottery Discussion Forum

$311 MILLION: Here comes PowerballReply
As noted in his article, Todd wrote: Sharp-eyed readers will notice that the Powerball annuity jackpot is suffering from the same difficulties that Mega Millions faced during its epic 35-drawing run that ended Friday. Sagging interest rates due to the poor economy are depressing the rate of return on invested lottery cash, causing the annuity jackpot to be raised much slower than it normally would. Yes Todd we have noticed that. The ratio of cash to annuity is now up to 71.18971% I r
Jul 10, 2016, 10:23 am - TheMeatman2005 - Lottery News

Mega Millions annuity prize raised 5 mil...
but cash value prize raised 6 mil Mega Millions annuity jackpot is no $454 mil up from $449 mil The cash option is now $319 mil up from $313 mil Has the interest rate gone down so low?
Jul 5, 2016, 1:16 pm - TheMeatman2005 - Jackpot Games Forum

How soon till the next $ Billion $ Jackpot?Reply
If there are 2 more rollovers then you will see the JP really start growing. When the record was hit last month after 12 rollovers the advertised JP was 202 mill with the cash value being 126 mill. This was from ticket sales of 336 mill. Right now there have been 12 rollovers with 465 mill in ticket sales and the advertised JP is 266 mill with a cash value of 176 mill. The last run after 14 rollovers was 255 mill with a cash value of 158 mill and there had been 443 mill in ticket sales. So right
Feb 26, 2016, 1:46 am - alexnt55 - Lottery Discussion Forum

Has anyone noticed the change?Reply
Savagegoose wrote: this will get interesting when they go to negative interest rates, thus making the cash value higher than the annuity . I doubt that because I don't believe the IRR over 29 years would be negative. For example, if 10 years of negative rates (a long time, IMHO) are followed by 19 years of positive rates, the IRR can be positive, and the annuity factor can be larger than 1. Of course, we can construct examples (albeit unlikely, IMHO) where the IRR is indeed negative. But m
Feb 21, 2016, 2:18 pm - mathhead - Lottery Discussion Forum

Who Do You NOT Want To See Win a Top Lottery Jackpot Prize?Reply
I don't think it's really fair to say that. While I do know some idiots that are in their 20s, I also know some middle aged idiots as well. How about we get rid of the age bias and just agree that we don't wanna see anyone win that is financially irresponsible. I'm 22 and would first of all take the annuity, just because if something happened and I did screw up, I get another shot. Second, I would take roughly 80% of the first years annuity payment and invest it in low risk investments l
Jan 13, 2016, 10:02 pm - Spidey2011 - Lottery Discussion Forum