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One ticket sold in Maine wins $1.35 billion Mega Millions jackpotReply
People used to sell the remainder of the annuity fairly often back when the annuity was the only choice. The annuity is from buying very safe and conservative investments, so you can definitely find a better rate, but you'll give up some security. I seriously doubt that you could sell the annuity for more than the cash value because the buyer wants to make a profit, and has to accept some risk if they want a better return than the lottery accepts.
Jan 21, 2023, 1:50 am - KY Floyd - Lottery News

Biggest reason for Lottery Winners going broke soon? :/Reply
There was a case where a man chose the annuity for a multi Million Jackpot prize and spent the first check frivolously and the next month, he was expecting another check and when it didn't come, he complained to the lottery that he didn't get that month's check. The Lottery told him that his next check would come next year. He assumed an annuity meant monthly, not yearly. He was lucky he chose the annuity because he most likely would have blown a lump sum just as frivously as he spent that first
Jan 12, 2023, 7:30 pm - Lotto fanatic - Lottery Discussion Forum

Powerball lump sum?Reply
The lump sum is better because you don't know what will happen in the future Lottery wise. What if you die before the annuity is fulfilled? IIRC, you're not allowed to give the annuity to anyone else. You can't say something like, If I did before the annuity is fulfilled, I give the annuity to my only Son, Benjamin William Johnson. With the lump sum, you can put that money to good use right away and you can put lump sum money into a will.
Nov 9, 2022, 2:06 pm - Lotto fanatic - Lottery Discussion Forum

Why isn't there a choice to split the Lump sum and the Annuity?
I think that would be ideal. Let's say you win 50 Million in the Powerball. You should be able to get a Lump sum of say $25 million before taxes and $25 million before taxes in Annuity. I don't get why this isn't a thing. Half lump sum, half annuity.
Jun 30, 2022, 2:56 am - Lotto fanatic - Lottery Discussion Forum

Powerball jackpot rolloverReply
I have been using the Texas lottery estimate page for over a year and it has been spot on EVERY single time for both MM and PB I also don't remember it ever being wrong about the initial annuity value for the next drawing, and that includes a few occasions when the current jackpot got a decent bump before the drawing but after the next jackpot was already announced (the announcements are usually out by early afternoon on Fridays, 30+ hours before the Saturday drawing). On those occasions it
Dec 5, 2021, 2:50 am - KY Floyd - Lottery Discussion Forum

$620 MILLION: Powerball lottery jackpot rolls againReply
but the cash option increases its rank to the 6th-largest in history. Unfortunately that's not true. Most of the $15 million increase in the advertised annuity is the result of a slightly higher interest rate. The (correct) cash value of $450 million only went up by $4 million, which still leaves it $21 million shy of matching the 7th place cash value. We only need another $1.1 million for the annuity value to move up one place, which seems quite likely since MUSL is probably being conserva
Oct 1, 2021, 5:43 pm - KY Floyd - Lottery News

NC lottery player visits 40 retailers and wins $5 millionReply
Not unless they use the annuity to invest in stocks over a gradual period of time. It never bothered anyone in the past before the lottery offered the lump sum option. Some people take the annuity for the yearly income from the full amount. The lump sum, on the other hand, is what's available as payment, which is half the annuity amount that will get taxed at almost half the amount. There are some lottery winners who regret not talking the annuity payments over the 20 year time frame..
Aug 2, 2020, 12:12 pm - darthfury78 - Lottery News

Minnesota family wins first Lotto America jackpot worth $22.8 millionReply
There is no penalty for taking the cash option. The cash option is the amount that would be used to buy the annuity to pay out over however many years it's purchased for. If a person chooses the annuity, then he/she would receive the advertised jackpot over the life of that annuity. If a person chooses the cash option, he/she receives the cash amount up front that would have purchased the annuity. It's really not that hard.
Mar 21, 2018, 10:12 am - rcbbuckeye - Lottery News

Making the annuity option more attractive?
Hardly anyone ever takes the annuity option on the PB (see winners stories link on the PB site). Clearly the PB still advertises the annuity value only for the publicity value of huge numbers. (Same with MM and state lotteries) Thinking about what I'd do if I won, I like the idea of the annuity so I don't have to make huge decisions all at once. But 30 years? I'm old enough that the actuarial tables say I'm just as likely to be dead in 30 years as not. Also, I want to make a really large purc
Oct 11, 2015, 1:29 pm - ArizonaDream - Lottery Discussion Forum

$400 MILLION: Massive Mega Millions lottery jackpot set for FridayReply
If that's the reason you're leaning towards taking the annuity, then that's not the way to go as there have been many lottery winners who have taken the annuity and ended up bankrupt. They either borrow against future annuity payments or they sell their future annuity payments for pennies on the dollar to get a cash lump sum. Either way, the urge to splurge doesn't go away simply because you have less upfront. Sad but true. Regardless of the amount or of the method of getting it, it still comes
Dec 12, 2013, 5:44 am - Teddi - Lottery News