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New Yorker claims huge lottery jackpot amid controversyReply
> A 66-year-old former state worker has claimed the second largest lottery payout in New York history...McGivney decided to accept an immediate lump-sum payment, which will be much lower than a larger amount spread out in smaller payments over 26 years, the newspaper said. McGivney bought the winning ticket at a Watertown deli.Whatever the amount, it will be much higher than he would would have received if he dies 10 years into the 26 year annuity schedule. The 26 year annuity works a littl
Aug 4, 2005, 3:19 pm - tg636 - Lottery News

Banking Large WinningsReply
Should have taken the annuity. Maybe you'd still have some of it.J
Aug 1, 2005, 11:03 am - Rip Snorter - Lottery Discussion Forum

Record Euro Millions lottery winner goes into hidingReply
I predict a fountain of posts over whether she ought to take cash, or annuity.Jack
Aug 1, 2005, 8:55 am - Rip Snorter - Lottery News

PB and MM Jackpot statesReply
Annuity takes too long and someone may die. I choose cash option no matter what.
Jul 30, 2005, 7:15 pm - Just6ntlc - Jackpot Games Forum

happy birthday Cash Only and SweetthangReply
happy birthday cash only......and may your birthday wish come true that all annuity prizes cease to exist....
Jul 29, 2005, 12:33 am - LOTTOMIKE - Lottery Discussion Forum

How much do I get?Reply
LA:1) TX requires the cash/annuity choice when you PLAY;2) TX has no state income tax.
Jul 28, 2005, 12:32 pm - CASH Only - Lottery Discussion Forum

Best City For Lottery FansReply
AnnuityIsGreat wanted all games to go back to annuity-only. S/he would love Unlucky for Life.
Jul 22, 2005, 3:54 pm - CASH Only - Lottery Discussion Forum

cash vs. annuityReply
You left out out of the comparison the fact that there'll be money left over from the annuity each year to invest in marketable securities, funds, or real assets. It then becomes a comparison of two investment approaches: dollar-cost averaging versus lump-sum investing. Studies have shown dollar-cost averaging to do at least as well as lump-sum investing since the latter tends to pick hot periods to get into the markets. The annual payments from the annuity and the investment income (regardl
Jul 22, 2005, 2:03 pm - lchoro - Lottery Discussion Forum

PB annuityReply
brad:Tell that to the Mass NY lotteries, which have annuity-only scratch games (MA Mega$uck$ as well).
Jul 20, 2005, 6:08 pm - CASH Only - Jackpot Games Forum

PB annuityReply
I think they are just trying to find a way to advertise higher jackpots. You know that many many people every year are taking the cash option. What is it like down to 3 or 4 that took the annuity last year. They know that people don't take the annuity so why not make it easier to raise the jackpots faster. I think the age of annuities are over. I think all lottery games should be cash only. Annuities are something of the past.Brad
Jul 20, 2005, 5:57 pm - Bradly_60 - Jackpot Games Forum