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MM annuity equivalent in PB: $93M.
The current cash value of the MM jackpot is $44.9M. The advertised annuity jackpot is $77M meaning the cash/annuity ratio is 0.599. The current cash prize in powerball is $14.6M which is advertised as $30M annuity, meaning the cash/annuity ration is 0.489This means that a cash value prize (which represents the true value of a lottery prize) equivalent to the current MM jackpot prize would be represented as a $93M jackpot.The entire annuity business (as well as ever lengthening odds) is mislead
Dec 27, 2005, 9:55 am - Prob988 - Jackpot Games Forum

Newspaper takes a hard look at the N.J. LotteryReply
Yeah, I don't think that we disagree on much. I did mean to refer to you saying that the annuity was the ripoff, not the lump sum. I type faster than I think. The time value of money only means that a dollar today is equal to more dollars tomorrow due to the interest-earning capability of the cash. The lottery does invest the money, of course, and does payout more dollars in the annuity. The annuity is only a bad deal if you can do better with the investments. For most people, the annuity
Dec 6, 2005, 9:51 pm - chuck32 - Lottery News

would you take cash or payments on the PBReply
These are just questions for the discussion. I am in MI and don't play Powerball but the same line of thoughts could be applied to MM.According to the jackpot figures here http://www.usamega.com/powerball-jackpot.htmImportant: All annuity amounts shown are the average amounts a jackpotwinner would receive. Powerball annuity payments are made on anannually-increasing rate schedule Based on the Gross Prize Annuity
Oct 13, 2005, 6:14 pm - truecritic - Lottery Discussion Forum

Lottery player/winner advice ?Reply
wishin, we didn't get away from the original intent of the article. in fact we answered it definitively. if a person thinks they might have a problem handling a large amount of money, by all means structure an annuity. but what we were pointing out is once you collect your annuity from the lottery, you have effectively lost control of your money. the only way out then is to sell the annuity to an annuity purchasing agent. you will get cash out of the sale, but the loss as a result of that sa
Sep 7, 2002, 12:56 am - visiondude - Lottery Discussion Forum

$218 MILLION: Powerball lottery jackpot increasedReply
Why do Mega Millions and Powerball show different Cash Option amounts for similar-sized jackpots? A fixed percentage of every Mega Millions and Powerball ticket sold goes into its CASH jackpot. The cash jackpot is all the money that the lottery has on hand from the sale of tickets in the game. If a player chooses the cash option, then the lottery will pay entire cash amount to the winner (less income tax withholding amounts required by federal and state laws). The lottery also offers an AN
Apr 5, 2011, 4:32 pm - BuyLow - Lottery News

Wisconsin factory workers win $208M Powerball lotteryReply
Not trying to 'out' anybody. I'm just wondering why we'd never heard of one of these 'split' payoffs before. This is what I was getting at: in your example above: The two winners want different options. The $9 million cash is split. The cash guy takes $4.5 million in cash. The annuity guy gets $4.5 million plus interest (for maybe $10 million annuity). OK- so the annuity guy - the annuity is based on the casah option value, even though it is an annuity - meaning that ha
Aug 10, 2006, 2:10 am - Coin Toss - Lottery News

28 most common questions about Powerball
From the Powerball website. A couple of them are below, all 28 are listed on the link. I'm putting this in Lottery Discussions and not Jackpot Games because I'm sure at least a few of them apply to all lotteries: CAN I REMAIN ANONYMOUS WHEN I HIT THE JACKPOT? All but three states (DE, KS, ND) have laws that require the lottery to release the name and city of residence to anyone who asks. One state (SC) will keep your name secret if you request it, but if someone files a Fre
Jan 13, 2007, 10:17 pm - Coin Toss - Jackpot Games Forum

Is the Annuity payout safe?Reply
Unlike Publisher's Clearinghouse, when you win a large amount of money and take the annuity, the lottery really does have all the money needed to fund the annuity right now. They buy the annuity for you and then you collect from whoever sold the annuity to the state (probably government bonds). You are not depending on the state to raise the money needed to pay you every year.
May 20, 2026, 9:51 am - Tucker Black - Lottery Discussion Forum

Virginia man who won $1,000 a week lottery prize in Cash4Life says it's just "good"Reply
I don't think most people understand how an annuity works. It is believed that if the state goes bankrupt then their lottery annuity will disappear. Also, no matter how old a lottery winner is, there is NO guarantee the person will live long enough to collect all the years of the annuity which ends in 20 years. Also a lottery winner only gets their annuity payment once a year. Most people want to regulate their own money instead of having it dished out yearly.
Dec 21, 2023, 2:27 pm - winterhug - Lottery News

Joining a lottery club?Reply
They advertise that annuity to make the jackpot look bigger than it really is, like MM and PB do also. No winner has taken the annuity that I can recall. The cash amount is the REAL jackpot. If a winner was to take the annuity the cash amount is invested to pay the annuity.
Mar 30, 2023, 8:13 am - rcbbuckeye - Lottery Discussion Forum