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Police Need Help Catching Man Who Stole Lottery TicketsReply
NY has numerous annuity scratches, including FOUR versions of Lose for Life. _None_ of them have a cash option.
Aug 14, 2006, 9:37 am - CASH Only - Lottery News

Police Need Help Catching Man Who Stole Lottery TicketsReply
I think I can solve this caper but I have a question for the CSI team...did these tickets offer an annuity option or was it cash only?
Aug 11, 2006, 7:49 pm - Rick G - Lottery News

Wisconsin factory workers win $208M Powerball lotteryReply
Lotteries can get better prices from the big brokers than your average Joe, but probably not any better than any other big investment firm. The real secret is that the lotteries invest the cash amount BEFORE taxes. It's easy to be a financial genius when you start with nearly twice the cash to invest. <G> Cash probably takes the most discipline, with a straight equal payout taking second place (since you would have to save and invest some every year to keep up with inflation). A gra
Aug 11, 2006, 12:37 pm - chuck32 - Lottery News

Wisconsin factory workers win $208M Powerball lotteryReply
You do indeed get the principle with the lottery payment. They payout includes the interest AND the principle. To do an apples/apples comparison, take the after-tax cash you end up with if you take the cash option and then go shopping. Go to an insurance company or other financial and ask what kind of guaranteed, graduated annuity stream you can set up. Then compare that to the lottery's income stream. Most people forget about inflation. Getting $50,000 a year is one thing now; quite
Aug 11, 2006, 9:33 am - chuck32 - Lottery News

Wisconsin factory workers win $208M Powerball lotteryReply
You've done a perfectly good job of explaining it each of the several times you've explained it. Any confusion experienced by anyone isn't a reflection on you. As far as the choice between investing 65 million myself or having the lottery invest 100 million on my behalf, I think you're overlooking one important detail. If the lottery buys me an annuity my annual interest income may be higher, but I don't have any principal. I get those higher payments for a period of time and then they st
Aug 11, 2006, 2:25 am - KY Floyd - Lottery News

84 Year Old Wins $40M FL LotteryReply
The FDIC insures accounts up to only $100,000. I don't have any other advice, than for her NOT to purchase an annuity.
Aug 10, 2006, 2:13 pm - CASH Only - Jackpot Games Forum

PB Challenge 8/9Reply
Powerball has rolled to saturday advertised annuity is $20 million and the cash value is set at $9.2 million. Good luck.-weshar75
Aug 10, 2006, 12:31 am - weshar75 - Jackpot Games Forum

Wisconsin factory workers win $208M Powerball lotteryReply
OK guys, wait: $208,000,000/100 Winners=$2,080,000 each Those that want Annuity get: $2,000,000 Annuity The winninng ticket is a (one) ticket. The prize is either an annuity based on the advertised jackpot, in this case, $208,600,000 or cash option of 42.6% of the advertsied jackpot. (I think I've read that here, 42.6%). So wouldn't cash option be based on $88,608,000, not the $208 million? That would give us $88,608,000 / 100 winners = $ 886,080 each, not $2,080,000 e
Aug 8, 2006, 10:12 pm - Coin Toss - Lottery News

Wisconsin factory workers win $208M Powerball lotteryReply
The Wisconsin Lottery has to deal with an odd law - there can only be one winner of a jackpot prize. Without a court order, they cannot write multiple checks, but the order has not been too difficult to get. I don't think the lottery has ever considered whether a prize can be split cash and annuity (by winner, the IRS won't allow splitting for one winner). The Multi-State Lottery Assoc. can do that pretty easily and can provide the differrent amounts to the lottery. With 100 winners, ther
Aug 7, 2006, 4:51 pm - chuck32 - Lottery News

PB-$204 million
Well powerball rolled over to $204 million annuity and $92.7 million cash value.-weshar75
Aug 3, 2006, 12:32 am - weshar75 - Jackpot Games Forum