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For the Millionth Time...Reply
What sticks out to me is the, the risk of loss rests with the prize winner. That part refers to the cash, not the annuity, and is connected to the part that says The gross cash option will represent the sum of the first annuityinstallment plus the net proceeds from the sale of the governmentsecurities originally purchased to fund the annuity prize. The risk they're talking about is that the value of the of the securities on the day of sale may be different than the original cost. That v
Oct 1, 2009, 3:14 pm - KY Floyd - Lottery Discussion Forum

Probability of a MegaMillions rollover.Reply
The Megamillions jackpot has rolled over and the cash value is now $52.4M. The cash value reached on the last drawing was $45.2M. The annuity value is now $88M, just shy of the $90M annuity record for this number of drawings in a prize building pool. The lottery is apparently predicting 22.6M in sales. If this proves to be correct, the probability of various numbers of winners is given in the following table:087.93%111.31%20.73%30.03%I have updated the data fitted into my exponential modelin
Dec 28, 2005, 11:06 am - Prob988 - Jackpot Games Forum

Californians targeted by Spanish lottery scamReply
My point, pretty well clear I thought (but maybe not) was that in the old days with the magazine sweepstakes wars to get subscribers all that was offered were the 20 - 25 year installments which is identical to the annuity option on the lotteries. The magazine publishers bought an annuity just like the lotteries do today. And that's how you got your money and nobody complained. That was just the rules. You were happy to be gettng millions of dollars that you wouldn't otherwise be getting. I
Dec 4, 2005, 4:43 pm - ChazzMatt - Lottery News

would you take cash or payments on the PBReply
some additional considerations:1. The top tax rate is roughly 40% including both the federal and state income tax. Because of Powerball's size, the jackpots and the annual annuity payments are probably both going to be taxed at the top rate. Hence there's no significant tax advantage to choosing the annuity. PLUS FOR LUMP SUM.2. The stated interest on the annuity is roughly 4.7 percent. The higher it goes, the more favorable it is to choose the annuity. I think it needs to approach 6 to 6.
Oct 13, 2005, 7:49 pm - lchoro - Lottery Discussion Forum

annuity is the way to goReply
I would take the annuity. It's probably possible to invest the lump sum to get a better rate of return than the annuity, but it isn't probable. Unless you want to risk losing your money you'd have to invest in very conservative investments, which is basically what would happen if you took the annuity, so why bother? Let the lottery people invest it for you.If you took the lump sum you wouldn't actually have access to the lump sum, because the majority of it would be tied up in investments. Same
Jul 1, 2004, 1:29 am - Fwup - Lottery Discussion Forum

Tonight’s PB, fun facts...
The posted annuity value is $90,000,000, this is a payout of $2,190,000 per year... of that amount, they only withhold 27%, leaving you responsible for paying the additional 8% ($240,000) for a realistic total of $1,950,000. Not bad... total payout will be $58,500,000The posted Cash value is $50,200,000, this is a one-time payout of $36,646,000... you will need to also pay the remaining 8% not withheld by MUSL ($4,016,000) leaving you with a one-time payment of $32,630,000 after all taxes are p
Mar 13, 2004, 6:27 pm - hypersoniq - Jackpot Games Forum

$500 MILLION: Mega Millions sets all-time lottery jackpot recordNews Story
Friday Mega Millions jackpot rewrites the record books as the largest lottery prize the world has ever seen UPDATED 11:50 am: Jackpot revised to $500 million ($359.4 million cash) By Todd Northrop There will be a lot of daydreaming going on this week around America. Dreaming about what it would be like to win a half-billion dollars. That's because Tuesday's Mega Millions drawing did not produce a winner, sending the game into uncharted territory. The new jackpot for Friday, March
Mar 28, 2012, 1:12 am - Todd - Lottery News

Is the Annuity payout safe?Reply
I also was thinking about the recent Publisher's Clearinghouse annuity fiasco when they went bankrupt and left annuity winners out in the cold and one annuity winner in particular was left financially ruined as he quit his job roughly 10 years ago when he won the PCH Annuity for Life as he was supposed to be getting millions of dollars from PCH until his death and then the payments suddenly stopped permanently when the PCH filed for bankruptcy. He said that he was having a hard time finding a jo
May 23, 2026, 5:17 pm - Lotto Motto - Lottery Discussion Forum

Is the Annuity payout safe?
What happens to your annuity payments if your state lottery closes?
May 19, 2026, 10:18 pm - justAndy1970 - Lottery Discussion Forum

Survey: Many investors would make questionable decisions after winning the lotteryReply
An irresponsible person will end up broke whether he or she chooses the lump sum or annuity. The annuity does give a person the chance to recover from earlier stupid mistakes, but there are those who dig themselves into such a deep hole that they sell off the remaining annuity at a fraction of what they would have received for cash now. That is the reason I say that the payment option alone will not keep an irresponsible person from bankruptcy. A responsible person with a game plan would do w
Dec 29, 2017, 12:55 pm - OldSchoolPa - Lottery News