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Lottery ticket bought in Queens hits $133M Mega Millions jackpotReply
Age has nothing to do with it and even if those guys took the annuity they probably STILL would have had the same problems.
Jul 10, 2009, 3:29 am - DC81 - Lottery News

Something stinks with PowerballReply
Complaining about this is silly. Powerball is paid over 30 years, MegaMillions over 25 years so of course MM has to put in more money into the front end to get to those advertised jackpots. Both annuities are from Treasury Bonds I believe and I'm not even going into how the annuity and especially the cash option is affected by T-Bill rates. Powerball has less overall potential players (but A LOT MORE states and other places that would want their cut) than MM but now with even worse odds an
Jul 2, 2009, 4:36 am - DC81 - Jackpot Games Forum

Cash option and taxesReply
I stand by my statement that the overwhelming majority of lottery websites (PB MM) DO advertise both annuity AND cash value jackpot amounts.Your state only advertises the annuity jackpot amount but that still doesn't make it false advertisement because you CAN receive the full annuitized amount (minus taxes) if you so choose.It will just take you 29 or 30 years to get it.I have never been in a lottery retailer that does not advertise both methods of payments.Granted,the annuitized amount is more
Apr 27, 2009, 7:06 pm - MaddMike51 - Lottery Discussion Forum

Cash option and taxesReply
The cash value is actually the amount of money in the prize pool and the advertised jackpot is the amount of the annuity that can be purchased with that money. All jackpots are estimates of how much money will be in the prize pool at the time of the drawing and as four4me said, the estimates are usually on the low side so actual jackpot will be higher. Currently they are estimating there will be at least $102 million in the next Mega Millions jackpot and with that amount, they can purchase a
Apr 23, 2009, 10:32 am - Stack47 - Lottery Discussion Forum

Question to people who won over $600? are prizes cut in half?Reply
As others have answered, usually only jackpots have a lower cash value, since the advertised jackpot is based on the value of the annuity in 20 or 30 years. However, you always need to check the rules for each game. For example, PB has a second prize of $1 million and you win $1 million (less tax, of course.) But some of the scratch-off games in FL pay the second prize in installments, like the Billion Dollar Blockbuster game. The top prize is $10 million paid out in 20 installments, but the sec
Mar 17, 2009, 1:11 pm - justxploring - Lottery Discussion Forum

Auto workers collect lottery winningsReply
First thing I would have done is look for another financial adviser and compared their advice before committing to a 30 year annuity.
Mar 17, 2009, 11:10 am - MaddMike51 - Lottery News

PA Match 6 lotto ending?Reply
PENNSYLVANIA LOTTERY INTRODUCES NEW GAME FEATURING $1 MILLION STARTING JACKPOT Super 7 Will Replace Match 6 Lotto on Tuesday, Friday Evenings MIDDLETOWN March 5, 2009 - Next week, the Pennsylvania Lottery will introduce Super 7, a new $2 terminal-based game offering an annuity jackpot that begins at $1 million and continues to grow until it is won. Super 7 will replace Match 6 Lotto in the Pennsylvania Lottery s Tuesday and Friday evening drawing shows at 7 p.m. Super 7 tickets go o
Mar 6, 2009, 7:40 am - sirbrad - Jackpot Games Forum

TN players beware...Reply
Is the new game definately annuity? can anyone who purchased a ticket tell from the game rules?
Feb 10, 2009, 9:26 am - kkhaalis - Instant ("Scratch-Off") Games Forum

I can't help myselfReply
Gee, if this wasn't a raffle prize and had been about a Pick 6 jackpot this would be the ultimate cash vs annuity discussion!
Jan 17, 2009, 5:27 pm - Coin Toss - Lottery Discussion Forum

18.4 MILLION Michigan Classic Lotto 47 Jackpot!!Reply
Well, good luck. However, I sure hope you don't live near me. You'd probably freeze to death like that and we'd have to look at your naked cavorting body until spring. However, I'm looking to win that one, too. Only I won't be cavorting naked in my front yard. I might have considered my back yard, but the neighbor's tree fell on my fence during the big blow over the holidays. Probably will just take a trip somewhere warm, lounge around, and sip on some amoretto sours.... So the big questio
Jan 6, 2009, 12:26 am - Piaceri - Jackpot Games Forum