Search

You Will Never Win A Lottery Jackpot In Your Lifetime.Reply
The Powerball Jackpot is $113 Million Annuity. Time to spend $2?
Jan 17, 2014, 12:42 pm - THRIFTY - Lottery Discussion Forum

is there any scenario where you take annual payments over the Lump sum?Reply
i spose if the annuity was say $5 mil a year, i could hapilly live off $2 mill and invest the rest. if i make a mistake its cool, next year im getting another $5 mill. but if i make the same mistake with a lump sum BAMB , its back to fishing scrathers out of the the garbage, i guess the mistake would be putting all my eggs in one basket in this example. i image by the time 20 years come around i would be used to living like a multi millionaire. and manageing my money. and ready to lose thwe annu
Jan 13, 2014, 3:09 am - savagegoose - Lottery Discussion Forum

California delivery driver claims half of $648 million jackpotReply
Just can't fathom lump sum payouts. Surmise that taking the annuity with its bigger long term payout results in more taxes, over the cumulative payoff period. Know the smart money advises to take the lump sum and pay the taxes all at once. It just too much to manage such a huge prize amount at one time. But that's just me. Know Yours Truly, is in the minority on this issue of lump sum vs the annuity option. Just think having the payments spread over a long period is a little easier to work.
Jan 4, 2014, 10:19 am - Gleno - Lottery News

MEGA MILLIONS JACKPOT SOARS TO $636 MILLIONReply
Billion dollars jackpot in Mega Millions dreams. Mega Millions jackpot will get hit many times, once it goes over $100 Millions annuity.
Jan 2, 2014, 6:20 pm - THRIFTY - Lottery News

MEGA MILLIONS JACKPOT SOARS TO $636 MILLIONReply
I am waiting for Mega millions and Powerball to go over $100 Millions annuity to play.
Jan 2, 2014, 6:17 pm - THRIFTY - Lottery News

$636 Million Mega Millions jackpot split by 2 ticketsReply
No, I'm using the data. You seem to be ignoring it even when you acknowledge it, since you know that a previous run reached $1.5 billion in sales over 19 drawings, whereas this one took 22 drawings to reach only $1 billion. As usual I can't tell much from that stuff you've got jammed together on the graph, but the raw numbers are easy to understand. Here they are, along with comparisons to one another. Other than corrections for the final totals the annuity values are from lottoreport, as are th
Dec 20, 2013, 10:21 am - KY Floyd - Lottery News

Why is the new cash option so low for MM?Reply
Yea, it's the annuity change w/out a doubt, amazing what a few years of compounding can do.
Dec 18, 2013, 7:05 pm - haymaker - Lottery Discussion Forum

That sting of disappointment; did anyone hit anythingReply
It's unfortunate that most people don't realize that the net cash value is only 27-32% of the advertised jackpot annuity.
Dec 18, 2013, 5:09 pm - Jill34786 - Lottery Discussion Forum

$550 MILLION: Mega Millions holiday bonanza!Reply
Even if the annuity got bumped up to $685 million it would still be 4th overall in terms of cash value.
Dec 16, 2013, 11:33 am - Jill34786 - Lottery News

Question? How does one deposit $550 million in the Bank?Reply
Yeah, I'd stay away from those regional banks for a few hundred mil deposit. The FDIC just seized another one this week in Texas, making 24 already this year. I'd go for the big 4: Chase, BofA, Citi, Wells In fact, I'd rather they split up the payments 4 ways just to be safe, but don't know if they'd do that. I don't see why not. What might be nice too is if the lottery would allow you to choose half and half, part cash and part annuity. Lets say you want 1/2 as cash now, and 1/2 as ann
Dec 15, 2013, 6:01 pm - Jon D - Lottery Discussion Forum