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if you won over $70 mil- would you settle for the lump sum or annual installmentsReply
I will be more tempted to do stupid things with the money if I take the lump sum. So, if it's over 100K per year, I would choose the annuity. I am not an overly greedy person who must get it all at once. And I am not a doom and gloom survivalist guy owning a bunker and worrying if the government is going to collapse and unable to pay the next annuity. I can't live like that kind of mentality, with or without winning the lottery. Besides, remember if you choose annuity, typically you only g
Mar 7, 2013, 8:00 am - redhot7 - Lottery Discussion Forum

2012 YTD Multi State JP PerformanceReply
Assuming you're using the advertised annuity value, the average payout should be a lot more than $100 million. With odds of 1 in 175 million we should expect 1 winner for every 175 million tickets sold, as a long term average. With about 64 cents from each ticket going toward the jackpot, selling 175 million tickets puts about $112 million in the jackpot prize pool. Interest rates were higher at the beginning of the year so annuity values were a bit lower than right now, but based on the curr
Dec 7, 2012, 2:16 am - KY Floyd - Lottery Discussion Forum

$185 MILLION: Huge Powerball lottery jackpot set for WednesdayReply
It depends on what you mean by profiting from the annuity. The state makes no extra money if a winner chooses the annuity. On the contrary, they actually incur a modest cost for wrtting and delivering the annual payments. OTOH, they certainly make more money as a result of advertising the inflated and imaginary value of the annuity prize. While many of us know what the cash value is, or even choose whether or not to play based on the after-tax net, many (probably most) players decide based on
Nov 24, 2012, 2:38 am - KY Floyd - Lottery News

Mega Millions in Trouble?Reply
Just as it is with PB, sales for MM never generate enough cash to fully fund the jackpot until at least the 2nd drawing. The time around the early sales were apparently a bit lower, but that's while competing against a PB jackpot of $139 million. At the current $21 million for the annuity jackpot MM is in the same territory it's usually at after 2 rolls. Over the past few months the 3rd jackpot has been advertised at $21 to $25 million (not counting the anomalous roll after the record jackpot).
Aug 5, 2012, 2:01 am - KY Floyd - Lottery Discussion Forum

MM jackpot $47M/$36.1M and PB jackpot $50M/$33.3Reply
If you want to compare PB and MM jackpot amounts and increases, you can only compare the cash values. As everyone SHOULD know, the annuity jackpot estimate is calculated based on the cash that is estimated to be on-hand. Since PB and MM have different annuity lengths (29 vs. 25 years) and different payout increments (annually-increasing vs. fixed year-to-year), it is not valid to compare the annuity jackpot amounts as a raw number. Only the cash values can be compared as raw numbers. I'm not
Jun 25, 2012, 10:52 pm - Todd - Jackpot Games Forum

$2 PB Jackpots Now Rising More Slowly Than $1 PB Jackpots Did.Reply
I haven't been paying close attention to the relative values of the cash and annuity amounts, but right now PB's cash value is just over 68% of the annuity value. I think it was closer to 65 or even 64% last time I checked. MM is just over 77.8%, which I think is also a bit higher than it was a while back. At 65% the annuity value would be $185.5 million, or $8.5 million more than what we're seeing right now, based on the reported cash value of $120.6 million. The sales figures on snip indica
Jun 3, 2012, 8:59 pm - KY Floyd - Jackpot Games Forum

$363 MILLION: Mega Millions lottery jackpot raised due to heavy salesReply
If you were fortunate enough to win, taking the annuity wouldn't be too wise considering the rate of return is roughly 1.5% paid out over 26 years. Not only that, but the top Federal tax rate may never be this low again(35%) especially with the spiraling national debt and the out of control government spending. You may very well be looking at a top tier tax rate in the 60-70% range by the time your entire annuity is disbursed. If you take the lump sum and invest wisely, you could grow your pr
Mar 27, 2012, 9:45 am - Jill34786 - Lottery News

Cash Vs Annuity PaymentsReply
Wow. I always said that if I hit the lottery before I turn 30 (I'm 25) I would take the annuity. Not that I'm bad with money or anything. My dad actually calls me a cheap snip ....lol. I think I'm just more frugal than cheap. But I just like the idea of no matter what I do with x amount of annuity money, I will have another check coming in a year. Plus, I think I got caught up in the fact that the advertized annuity sum (after the 26 + years) is always signifcantly more than the cash option sum.
Mar 25, 2012, 12:34 am - PoeticJustice32 - Lottery Discussion Forum

$356 MILLION: Mega Millions lottery jackpot nears recordReply
Oh I dunno. There are several people I know who would lose it all immediately, as they always spend exactly what they have, no more no less and NEVER save, but when put on a manditory budget (taking the annuity), they would only lose the amount they have, (not going into debt) and that would guarentee them to have ALOT for the length of the annuity. Other than that situation, I cant think of a reason, unless the winner were unconvinced that they or their experts could do a better return than
Mar 24, 2012, 8:35 pm - maximumfun - Lottery News

Mega Millions $241mil Cash or AnnuityReply
There are companies that offer to make cash settlements if players decide on the annuity but in five years need their cash now . None of them probably have the $180 million plus needed to buy a remaining 21 year annuity or would want to tie up that much money for that long; not with the current interests rates. Right now most financial planners would suggest taking the cash and wait until things open up and then suggest a plan of investment that could easily exceed the 26 yearly annuity payme
Mar 19, 2012, 4:40 pm - Stack47 - Jackpot Games Forum