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Powerball Won Again?!?!Reply
Actually, it's really only about $14.5 million because the $15 million is a graduated annuity. They have to dig into their set prize reserve and it comes out of future nonguaranteed jackpots, just as greater-than-expected fixed prize awards do. As for the Powerball jackpot being won three draws in a row, it already happened before around this time last year as well, and that followed a string of seven $100+ million annuity jackpot runs.
Oct 6, 2007, 10:30 am - ryanm - Jackpot Games Forum

Hoosier LottoReply
The $500K increase is an annuity increase, which includes interest gained for the annuity value payed out in 29 payments over 30 years. The cash increase is determined by ticket sales. Also, just because one state profits more percentage wise from its lottery profits than other states, doesn't automatically make it a bad thing. People are so quick to say the state steals their money(e.g. taxes). People need to look into reality and realize that they benefit from this in a way too. If all taxes w
Sep 27, 2007, 5:07 pm - Guru101 - Jackpot Games Forum

Retired auto worker, 2 children claim $314M Powerball lottery jackpotReply
Wait, you're telling me you don't think someone shouldn't play a game if they don't like the rules? That just doesn't make sense. They know the rules, they should either be happy with them or not, and if they don't, they shouldn't play. Not everyone can be pleased. It's just simple logic. Also, when in my previous post did I say the annuity option is better than the cash option? I didn't. You said you want your money now, but I would guess you are 35 or older. Someone much younger, for example,
Sep 16, 2007, 11:55 am - Guru101 - Lottery News

Hoosier LottoReply
Yep, it rolled. $46M annuity and the cash option is about $28M.
Sep 6, 2007, 5:03 pm - Guru101 - Jackpot Games Forum

Single winner in $314M Powerball lottery drawingReply
i read where if you take the annuity,the lottery reinvests the rest over the 20 years,while players pay it off,into investments,they sorta get paid twice.
Aug 30, 2007, 7:56 pm - scorpio - Lottery News

Single winner in $314M Powerball lottery drawingReply
So looking at this using the spreadsheet provided by the group running Powerball, the first payment of the annuity would be over $5.6 Million and go up from there. I estimate that if the person takes the cash option, they would have to earn more than 8.7% annually on the entire balance to exceed what the annuity would pay out. Either way, it's a nice chunk of change for a single person (especially if they are single ).
Aug 26, 2007, 11:58 am - rdc137 - Lottery News

What about taxes on remaining Anuity?Reply
We weren't talking about an inheritance, dvdiva. The question was on who pays the taxes while an annuity is growing in value.
Aug 26, 2007, 1:22 am - justxploring - Lottery Discussion Forum

Cash Options of Jackpots
Well MM is $50 million behind Powerball and MM still has a larger cash jackpot. Look how much just fooling around with the annuity payments can affect the size of the annuity jackpot. Brad
Aug 25, 2007, 12:25 pm - Bradly_60 - Jackpot Games Forum

Powerball & Megamillions GrowingReply
I already accounted for the difference. Assuming that sales for this run match sales for the run that created the 365 million jackpot there would be almost $50 million cash for the jackpot prize pool. Increasing the annuity value by $90 million would require about $42 million. That would leave close to $8 million for the bonus pool (about $15 million if it were annuity, which is where the 105 in my last post came from). Advertising a jackpot of more than 365 could increase sales, but even MUSL i
Aug 23, 2007, 11:13 am - KY Floyd - Jackpot Games Forum

Lottery winner goes from rags to riches to ragsReply
You definitley have a point. I don't think there's been any horror stories of this intensity about annuity winners. I say of this intensity because I'm sure some annuity winners have wound up selling their annuities for much less to collect a lump sum from one of those companies that do that.
Aug 22, 2007, 11:38 pm - Coin Toss - Lottery News