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Cash Vs Annuity PaymentsReply
I'll take the $$$CASH$$$! While I've seen financial articles for and against the cash option, the one I thought made the best sense was one I read last year (can't recall where...darn). The person writing the article was a financial planner who pointed out that since most lotteries use government notes (bonds) to earn the money for annuity payments (they currently earn around 3% annually, I believe), it would be the wisest, and lowest risk choice to take the cash option, pay off any and all outs
Feb 16, 2012, 4:18 am - ThatJoeVArmint - Lottery Discussion Forum

would form a trust to claim a 2million pb prize?Reply
PB doesn't offer an annuity for matching 5 numbers because $2 million is the actual prize. If the winner wants to purchase an annuity after taxes deducted, they can and chose the number of payments. Trust are created to help the winner remain anonymous, but in some states the name of the owner of the ticket is still published. As we learned from the Hot Lotto controversy in Iowa, their rules require the name of the winner or they won't pay.
Feb 15, 2012, 5:42 pm - Stack47 - Lottery Discussion Forum

$310 MILLION: Powerball lottery jackpot in rare territoryReply
Oh here and there. Some from google searches looking for the press releases when winners are announced. For the last 7ish years you can get alot of the info from Todd's other site USA Mega (for example Mega Millions drawing detail history is http://www.usamega.com/mega-millions-history.asp). Powerball's official site has the cash option down to the penny in their winner's stories section. When you look at the final sum it's often off by as much as a few million from what is advertised pre-drawin
Feb 9, 2012, 5:02 pm - Babel - Lottery News

$250 MILLION: Powerball lottery jackpot ramps upReply
Anybody out there consider taking the annuity with this level of payout? Just curious...
Feb 6, 2012, 1:01 am - Arrowhead - Lottery News

$250 MILLION: Powerball lottery jackpot ramps upReply
guess that means were only 2 or 3 drawings away from a heafty 400,000,000.00 annuity Id be replacing my mailbox with a trashcan if i hit that.
Feb 5, 2012, 1:13 pm - dunk - Lottery News

$200 MILLION: New Powerball delivers huge lottery jackpotReply
I agree with WWWBUKTN that the lottery, especially Powerball, should only be allowed to advertise the cash value vice annuitized jackpot amount because since 2003, excluding the 2 pools that had both annuity and cash claimants, only 3 of the other 122 jackpot winners opted to accept annuity payments. I will break that down for you. Since 2003, approximately 3 percent of jackpot winners chose the advertised annuity payout whereas 97 percent chose the smaller upfront cash value. Psychologically, m
Feb 3, 2012, 5:07 pm - OldSchoolPa - Lottery News

Iowa Lottery security chief bent on determining identity of jackpot winnerReply
I'm confused, stack47, did you mean to type lump-sum amount rather than annuity value above? Since so many months went by, I think that only the larger, listed 29-payments annuity amount is able to be collected. Not eligible to receive the 1-payment lump-sum method anymore.
Jan 12, 2012, 3:58 am - HaveABall - Lottery News

Powerball multi-state lottery to raise prices, jackpotsReply
l do understand people are upset about the lower prices in new powerball not going up too with the price of ticket. But as a real gambler who really cares about small prices .You probably loss more money going after small prices you need to win big or go home just like my nick name says JoebigLotto rules. So stop whining about little prices but focus on the jackpot .In euroupe the euro millions rules with $260million cash jackpot no annuity so thats like $520million with annuity and tickets are
Jan 3, 2012, 3:59 pm - JoeBigLotto - Lottery News

$203 MILLION: Powerball lottery jackpot heats upReply
This is a nice chunk of dough. It's enough for me to choose the annuity payments.
Oct 27, 2011, 11:00 am - imash85 - Lottery News

Mega Millions paltry increase ($12M -> $14M)Reply
What really matters is the amount its cash value increases since the jackpot is dependent on how much interest the cash value can earn in a 26 years annuity.
Aug 26, 2011, 10:03 am - RJOh - Jackpot Games Forum