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$180 million Powerball winners embroiled in court battle after losing $20M to financial advisorReply
One thing is Cleat they Lost $20 Million from their Lump Sum so that is worth $40 million if they took Annuity and did absolutely nothing
Jul 19, 2024, 6:36 pm - Powerball765 - Lottery News

Ohio woman wins $15 million on scratch-off lottery ticket, credits late father for luckReply
Nice....I don't play scratch offs, but do all states do the same...Advertise a top prize amount essentially as the annuity, so the lump sum is half?
Jun 20, 2024, 8:19 pm - mightwin1 - Lottery News

UPDATE: Proposed changes to Mega Millions game will raise ticket price to $5Reply
l have another suggestion that all players will love . Why force people to Choose Annuity vs Lump sum . This war has been going on for ever and most players go broke within three years. So why not offer 50/50 payments so fifty percent goes to lump sum and fifty percent goes to Annuity it's not like it will kill them . It will be a win win for everyone worst case scenario they can offer this option for extra $1 lol l take it
Jun 14, 2024, 12:17 am - Powerball765 - Lottery News

North Carolina 18-year-old wins $1 million in lottery after asking sister to buy ticket for himReply
I think younger folks should take the annuity, even though you don't mention 20 years of tax liability. It is not always the best option. Decades ago I'd say Cash option when we had to do that @ time of purchase. Not the case @ my age. No way would I take an annuity.
May 26, 2024, 12:49 pm - Bleudog101 - Lottery News

$1.7 billion in combined jackpots, as USA multi-state lottery games peak togetherReply
Once again, they've been fortunate enough that when interest rates changed sales magically increased exactly enough for the advertised annuity to remain the same. Assuming that current cash value is realistic the annuity would have been bumped to about 991.5 if the interest rate hadn't changed. If it rolls (about an 82% chance) it goes to $1.1 billion and $525 million cash.
Mar 22, 2024, 1:12 pm - KY Floyd - Lottery News

Decrease of cash value
Hello everyone, not sure if this topic was discussed before, but i'm sure most of us noticed that the cash value for major lotteries such as Powerball and Megamillions had decreased over few years. For instance, the average ratio for cash to annuity in 2020 for Megamillions lottery used to be 73%, 70% in 2021, 60% in 2022 and this year it is less that 50%, the current ratio for the draw on 17th October is 45%. What is the reason for that? Is this a kind of trick to make the winners opt for the a
Oct 14, 2023, 8:43 am - Passerby - Lottery Discussion Forum

$1.725 BILLION: Powerball jackpot now 2nd-largest of all timeReply
This is (usually) because of fluctuations in the interest rates etc when they calculate the annuity payout. For example, The current cash ratio is ~40% of jackpot. Back in the COVID period (2021-22) it hit 83%.. because interest rates were at an all-time low, so the annuity wasn't worth as much...
Oct 11, 2023, 5:19 pm - kao1632 - Lottery News

$1.4 BILLION: Powerball jackpot juggernaut keeps rollingReply
It rolled. $1.55billion Annuity, $679.8million cash.
Oct 8, 2023, 12:12 am - PrisonerSix - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
I'll take the annuity.... I just want a garage with a lift, is that too much to ask?
Aug 8, 2023, 8:49 pm - MeintooL - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
If you take annuity in an anonymous state, they will announce your name 30days after annuity is nice but most people don't want their name published
Aug 7, 2023, 9:53 am - EnReval - Lottery News