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Mega Millions to adjust starting jackpot amount, eliminate minimum increasesReply
they need to adjust the ticket price downward to match the lower jackpot. I'm pretty sure that if they adjust the ticket price it's going to automatically adjust the jackpot by a corresponding amount. The result is that unless the reduced price results in a significant increase in ticket sales the reduced price means the jackpots will get even smaller. Anyone who's been paying attention knows that PB and MM have proved over the past few years that the higher ticket price results in bigger j
Apr 4, 2020, 3:34 pm - KY Floyd - Lottery News

Just curious on the MM/PB jackpotsReply
PB Jackpot for 3-18-20 is $130M Annuity to $101M Cash Value which equals .7769 MM Jackpot for 3-17-20 is $90M Annuity to $69.4M Cash Value which equals .7711
Mar 17, 2020, 10:09 am - CDanaT - Lottery Discussion Forum

Just curious on the MM/PB jackpotsReply
Historically, somewhere in the low .6 range seems pretty common over the last few years, but there's been wide variation over the years. Just looking at the Wikipedia article on record jackpots the lowest ratio I found is an August 2007 PB jackpot. The cash value was $146 million, and the annuity was 314.3 million, for a ratio of just 46.45%. Flipped the other way around, the annuity paid out 215% of the cash value. Recently the cash had been hovering around the high 60% range, and only climb
Mar 12, 2020, 2:44 am - KY Floyd - Lottery Discussion Forum

Just curious on the MM/PB jackpotsReply
I noticed it too, but I can't say when it started to change. It is a result of changing interest rates to but the annuity based on the cash value. I know I'm not interested in the annuity if I ever win. At my age, if I win, It's my money and I want it NOW!
Mar 11, 2020, 9:10 am - rcbbuckeye - Lottery Discussion Forum

Question about MM/PB 2nd Prize amountReply
The New York Lottery website doesn't say the prize for matching five numbers without the bonus is an annuity or payments. And neither does the Powerball website, but trust me, it's a cash payout with 24% Federal taxes withheld and possible state taxes depending where you live or the state where you buy the tickets. From the Mega Millions site: If you are a Mega Millions jackpot winner, you will have the choice of a Cash Option or an Annual Payout. Annuity option: Provides for an initial an
Dec 13, 2019, 11:17 pm - Stack47 - Lottery Discussion Forum

what happens when interest rates drop to zero?
just wondering if interest rates drop to negative will the advertised annuity amount become less than the cash amount? maybe the will stop advertising the annuity amount and start making it annual payments to disguise it
Sep 21, 2019, 11:59 pm - savagegoose - Lottery Discussion Forum

Lotto America 2019Reply
I thought the same thing but it's because, interest rates went up a little bit so the lotteries don't need to have as much cash to equal the annuity increase.
Sep 18, 2019, 2:37 am - C0w Pi3 - Jackpot Games Forum

Cash value of jackpotReply
The Advertised Jackpot varies depending upon Interest Rates and Length of Time of Annuity Payout (Time Value of Money) not the other way around.
Aug 14, 2019, 10:38 am - Raven62 - Lottery Discussion Forum

Longtime friends split $20 lottery ticket, win $1 million prizeReply
But that's not the way most lottery games work. Unless a top prize is specifically marked as a cash payout, it is almost always an annuity. (A cash prize is never the same amount as an annuity.)
Jul 3, 2019, 5:36 pm - Todd - Lottery News

Longtime friends split $20 lottery ticket, win $1 million prizeReply
It's not $634,000 after taxes, it's $634,000 because they took the cash option. If they chose the annuity they would claim $1 million.
Jul 3, 2019, 3:27 pm - Todd - Lottery News