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Annuity Option
Something I have thought about recently is how you don't see many jackpots being paid out in annuities. Now granted lotteries still offer them, but almost every lottery winner (Thanks to MA, it isn't 100%) has taken the cash option. I can understand both sides here (Instant gratification vs. Financial security, Waiting for the next payment vs. Going broke quickly), but I think that the annuitized jackpot may become a thing of the past soon. As much as I would like the idea of getting an annual i
Feb 10, 2011, 8:30 pm - DoctorEw220 - Lottery Discussion Forum

Illinois signs deal to privatize lotteryReply
This sounds like a state itself is acting like a jackpot winner who opts for an annuity and then later on decides they want the cash right now.
Jan 19, 2011, 10:27 am - Coin Toss - Lottery News

Tax Strategies For Lottery Winners - Lump Sum vs InstallmentsReply
yeah barrista , i wouldnt take the annuity, im just saying the only reason to as i see it, is as i explained earlier. in a ideal world with resposible gov and no fraudster banks. and a set tax rate you can rely on. maybe id take an annuity. but its take the money and run for me.,
Jan 14, 2011, 7:09 am - savagegoose - Lottery Discussion Forum

Merry Christmas indeed! Lucky N.Y. lottery player wins $49MReply
The lump sum payout is simply the present value of an future annuity. Generally, you could take the lump sum and give it to someplace like Peachtree. Then they could structure the lump sum into an annuity if you should change your mind. One thing I agree on, there is not much transparecy with the present value calculation done by the lotteries. Interest rates are so low right now that you would think the lump sum payouts would be increased from years past
Dec 27, 2010, 6:25 pm - Batiatus - Lottery News

Merry Christmas indeed! Lucky N.Y. lottery player wins $49MReply
It would make more sense to me if cash option winners received the full (1/2) of sales and annuity winners received an even larger amount Isn't that how it is though? If you choose annuity you get an even larger amount than the people who chose lump sum (who do get the full amount of the money). I don't know, that's the way I see it.
Dec 27, 2010, 1:37 am - ttech10 - Lottery News

Kentucky lottery winner wastes no time claiming jackpotReply
I agree with the anti-annuity crowd, been a part of it for a good number of years now.
Dec 20, 2010, 10:39 pm - DC81 - Lottery News

Kentucky lottery winner wastes no time claiming jackpotReply
I would have taken the annuity if I were him. Im only 21 so I really dont need all that money at once.
Dec 14, 2010, 2:31 pm - Genome - Lottery News

stupid lottery questions.Reply
your friend is correct. You are not guaranteed if annuity is forecasted. TEchnically they are to have secured funds to back up the annuity but the economy /market determines that. Because you are from PA and I will presume you will claim in this state, we are most definitely borderline for the state going bankrupt or claiming a freeze on accounts....The Governor carries the right to freeze certain departments and the Dept of Rev that manages the PA lottery is just as easily a target for budge
Oct 28, 2010, 10:24 pm - TheGameGrl - Lottery Discussion Forum

Question about Ohio Classic LottoReply
When you look at Ohio Lottery website and read Mega Million next jackpot $16.0 M cash option value:$11.1 M and see Classic Lotto next jackpot $8.0 M and read cash option value is 50% of jackpot amount you might wonder why it's not $5.5 M. I suspect that option allows them to advertise a higher jackpot than they have money to buy an annuity for, but as long as every winner take the cash option they won't have fund an annuity to pay the jackpot amounts.
Sep 2, 2010, 5:46 pm - RJOh - Jackpot Games Forum

Big winners reduce Iowa Lottery profitabilityReply
Even if you take the cash, the check will show the annuity amount of $85.0M
Jul 30, 2010, 12:13 pm - RJOh - Lottery News