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Illinois lottery winners file class-action lawsuit against stateReply
Ironically, a government partner would be safer than how many lotteries actually implement annuities. Some lotteries, such PA Lottery, treat annuities as a contractual obligation held by various private-sector annuity companies; winnings not directly government backed. To be fair, typical large jackpots, while seemingly relatively huge, are small change for annuity companies, so it's highly unlikely any of them would default so badly they couldn't pay out, but it could happen. A lot can chang
Sep 11, 2015, 10:31 am - Ron5995 - Lottery News

Illinois lottery winners file class-action lawsuit against stateReply
This situation seemingly eliminates any quandary as to the annuity payment-cash value option where applicable- get your money and eliminate your government partner ASAP.
Sep 10, 2015, 2:28 pm - Long Odds - Lottery News

Kentucky Lottery and legislature tussle over cash reservesReply
These different stories about the states not keeping appropriate reserves to pay lottery winners sure makes a person leaning toward the 'annuity' win ... lean t'other direction to 'lump sum'.
Sep 2, 2015, 8:37 am - maximumfun - Lottery News

Illinois Lottery not paying big winners because state legislature won't pass budgetReply
I'm not so sure. I recently asked the FL lottery about how the annuity is handled for their lotto game. The bonds that are purchased for the annuity are held by the State Board of Administration. When the bonds mature they are disbursed to the lottery. A lot of times these budget holdups mean that the government entity cannot write any checks until the stalemate has resolved. It was my understanding that, at least in FL, if there was some sort of budget crisis you might not get paid until after
Aug 29, 2015, 9:29 pm - LottoLucy - Lottery News

Illinois Lottery not paying big winners because state legislature won't pass budgetReply
And this is why you never ever ever take the annuity, take the cash and run because you never know what will happen down the road, especially with these governments.
Aug 29, 2015, 12:14 pm - VenomV12 - Lottery News

Take5 NYReply
well lotto annuity goes up in payments as the years progress such as mm and pb the scratch offs you get the same amount per year so doing the calculations annuity only good for periods of low inflation and although inflation has been low it probably will not stay low for 20-25 years but you have to know what you doing with the money if you take lump sum not throw 9 million away at a deadbeat boyfriend who in and out of jail
Aug 8, 2015, 1:09 pm - yellowpig - Pick 5 Forum

CA Lottery - California Love - CA Lottery ScratchersReply
There have been many games in the past well before Lucky for Life, and Luxky Life that had an annuity for the top prize. It just was not publicly disclosed on the ticket like those games. In private the CA Lottery offered a lump sum that was well less than the total annuity amount. I would estimate that the lump sum for the $30 game will be $6 million.
Jul 30, 2015, 1:52 pm - CAScratcher20 - Instant ("Scratch-Off") Games Forum

CA Lottery - California Love - CA Lottery ScratchersReply
It looks like this is the first non-Lucky for Life Scratchers that has an annuity option for the top prize.
Jul 30, 2015, 2:23 am - mrcraft - Instant ("Scratch-Off") Games Forum

Post your scratch ticket resultsReply
That is no longer true in Mass. You can get paid instantly instead of taking the annuity, if you choose to.
Jul 22, 2015, 2:13 pm - Spincognito - Instant ("Scratch-Off") Games Forum

New $30 world class millions ticket here in IL.Reply
why is cash value so low - NY is like 78% or so of the annuity value not 60%
Jul 20, 2015, 11:02 pm - yellowpig - Instant ("Scratch-Off") Games Forum