Search

$403 MILLION: Red hot Powerball jackpot rolls againReply
If no one wins tonight or Saturday then it'll reach at least 800 Million (Annuity) on next Wednesday.
Feb 22, 2017, 4:26 pm - Kingofearth - Lottery News

Woman quit job days before winning $3.3M lotteryReply
From the Colorado Lottery web page. If you choose an annuity, you ll be paid in 25 annual installments with the first annuity payment being 2.5% of the jackpot share. Following payments increase 3.7% each year until the entire amount is paid. The choice you make is binding and irrevocable. You have 60 days from the date your ticket is validated to decide how you want to be paid.
Feb 7, 2017, 8:33 pm - Mwatcher - Lottery News

Woman quit job days before winning $3.3M lotteryReply
That 25-year annuity is a blessing for her family. Hope the winnings subsidize their income and not replace it.
Feb 7, 2017, 7:16 pm - Unluckyone - Lottery News

Woman quit job days before winning $3.3M lotteryReply
Yeah I plan on taking the annuity too on wednesday when I win oregon megabucks. Yeah me!-weshar75
Feb 6, 2017, 11:23 pm - weshar75 - Lottery News

Ho! Ho! Ho!Reply
Hopefully by Valentines Day we can see a real jackpot get reached (over 300 Million annuity).
Dec 22, 2016, 2:41 pm - Kingofearth - Jackpot Games Forum

Idaho woman wins $390,000 lottery prize after playing same numbers for 27 yearsReply
The lump sum payout is the cost of an annuity that would pay $25,000 per year for a fixed period of time. With compounding at today's rates (5 yr CD is 1.67%), that fixed period is about 18 years. Considering she's 87, I think the lump sum option was a good choice. Reference: Annuity Calculator
Oct 1, 2016, 6:49 pm - EdG1955 - Lottery News

Annuity vs Cash ValueReply
ALWAYS take cash value,then pay your full amount of taxes due.When you taker an annuity you WILL get hounded by the 'J G Wentworth creeps that find your UNLISTED number and hound you for years! They send you t shirts,credit cards,checks and more.They aren't any good,til you call these thieves and agree to get scammed by selling them a portion of your annuity.NEVER,start buying big ticket items too soon.With a 7 figure win,they will offer you credit and even those from 'My lottery dream home;will
Sep 3, 2016, 9:51 pm - cec4652 - Lottery Discussion Forum

Cynthia Stafford's Home In Foreclosure and Bentley For SaleReply
I am still surprised that she didn't take the annuity option. This way, Cynthia would still have money coming in.
Aug 9, 2016, 11:28 pm - darthfury78 - Lottery Discussion Forum

The big jackpots have been won- What now?Reply
It's the annuity value that gets the $10 mil bump, not the cash value. Cash value amount is about 70% of the annuity amount.
Aug 6, 2016, 8:32 pm - TheMeatman2005 - Lottery Discussion Forum

Annuity vs Cash ValueReply
TIME-OUT!!!!! I just looked at the Mega Millions annuity payout schedule (30 annual payments) Powerball also. I am 100% incorrect with what I said above!!! I was under the understanding it was 30 equal payments. WOW!! They start with paying 1.5% on the first payment (my rough estimate) and finish with 6.2% of the principle. So the biggest issue I can see with the annuity is what happens if the federal government INCREASES the tax rate? It was as high as 50% back in 1986 (30 yrs ag
Aug 2, 2016, 4:19 pm - DELotteryPlyr - Lottery Discussion Forum