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PB annuityReply
CT Gov Jodi Rell doesn't like the PB annuity. She should remember PB has a cash option.
Jul 20, 2005, 5:42 pm - CASH Only - Jackpot Games Forum

JackpotsReply
I would like for the states to offer a flexible annuity plan with several choices. Maybe offer all cash or annuities with 10, 15 or 20 years payout and an option of taking 50% both ways. When it comes to a $25M+ annuity, I would feel more comfortable with the State because it's backed by the tax payers. Recently Ohio lost more than $250M of the state worker retirement funds by allowing political friends to handle the money, but the workers will still get their money even if the state has to
Jul 20, 2005, 4:30 pm - RJOh - Lottery Discussion Forum

JackpotsReply
I definately think there should be a federal standard on how to run a lottery. Such would need to enforce the following. Make sure that all prizes advertised are the net result. If it's annuity, say the actual amount per year and for how many years, not the total at the end of the annuity. Make sure all people above the age of majority are allowed to purchase tickets. Make sure payouts are fairAnd most importantly... Make sure all game are drawn with mechanical ball draw machines.
Jul 18, 2005, 5:05 pm - JimmySand9 - Lottery Discussion Forum

Illinois Lotto is on a roll again!Reply
IIRC the record for Illinois Lotto is about $69m in 1989, in the annuity-only era.
Jul 15, 2005, 3:43 pm - CASH Only - Jackpot Games Forum

40% is not enough!Reply
just6:The 40% in this thread is referring to my NY Lotto's terrible payback %, rather than the % of the annuity that is the cash option.
Jul 13, 2005, 3:36 pm - CASH Only - Jackpot Games Forum

Texas Lottery executive had no hint before firingReply
NY is doing the WRONG thing by making certain scratch games annuity-only. Let's say it's unethical .
Jul 2, 2005, 1:21 pm - CASH Only - Lottery News

Man sues Mass. Lottery for $1 million prize mistakeReply
If by some ungodly chance he wins, maybe he'll pay his lawyer an annuity-only fee....
Jul 1, 2005, 7:21 pm - noahproblem - Lottery News

Texas Lottery executive had no hint before firingReply
NY is corrupt because of its annuity-only scratch games. Maybe the lottery is not at fault for its terrible Lotto payouts.
Jul 1, 2005, 3:53 pm - CASH Only - Lottery News

Man sues Mass. Lottery for $1 million prize mistakeReply
Cashonly, you can give your next annuity-only prize to me -- I'll unburden you from it.
Jul 1, 2005, 3:42 pm - Todd - Lottery News

General question(s)Reply
I guess I have to say I would straddle the line on the Cash/Annuity option. Since MegaMillions pays over 30 years, my objective would be to hit $60 million plus. Under an annuity, I would see an annual pretax check for $2 Million for 30 years.I think, after tax value would put it around $1.2 million, which would result in roughly a net bring home of $36 million after 30 years.Now, if I took the cash option, I think I would get to see roughly $42 million pretax (not real sure about the actuall va
Jun 30, 2005, 11:00 pm - SirMetro - Lottery Discussion Forum