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Winning small: It's still a blast for Lotto palsReply
I think this is the sort of prize that would be more fun to get as an annuity, and get a small check each year.
Aug 5, 2004, 11:26 am - tg636 - Lottery News

Lump Sum or Annual Payments?Reply
I am going by what i saw in the movie brewsters millions with richard pryor. he had the money at a bank that paid 20% some percent a year,i think it was the bank of new york,haven't seen the movie in a while. it was for small countries and millionaires,billionaires,too. they said the interest rate amount,it was alot,i didnt know if it was just for the movie or not,someone i worked with told me there was a bank like that.i dont know that much about managing money, but if i were to win ,i would su
Jul 26, 2004, 2:03 am - phantomrainbow - Lottery Discussion Forum

Lump Sum or Annual Payments?Reply
i still say annuity for me. i honestly don't think i could manage the lump sum at once. it would be too much to worry about,say 1-20 million a year would be easier to manage for me. let's say that all you cash only people would win ,say 400 million plus,just for fun. would you still take the cash option? i wouldn't worry too much about estate taxes and stuff on all that money,it isn't like they played or bought the ticket. so i say they should and would be happy with what they get,if not they do
Jul 25, 2004, 4:01 am - phantomrainbow - Lottery Discussion Forum

Lump Sum or Annual Payments?Reply
CalifDude,You're assuming that a person who won the lottery has two choices, 1. Take the lump sum and invest it, or 2. Take the annuity and spend every penny of it every year. I can think of at least two more options, 3. Take the lump sum and blow most of it on crackpot investments, or 4. Take the annuity, and each year spend some, invest some, and save some. You'd be suprised at how many people choose the third option. I think it's a little over 80%. On the other hand, if you choose the 4th opt
Jul 21, 2004, 7:12 pm - Fwup - Lottery Discussion Forum

Pepsi Billions... cash or annuity?Reply
Also, i think the annuity is insured. i don't think pepsi would want to risk a lawsuit of those proportions.
Jul 20, 2004, 12:04 am - DoctorEw220 - Lottery Discussion Forum

Any tips on scratch offsReply
Scratch tickets actually have the highest payback % of lottery games (not counting video lottery, etc.) Just make sure you avoid ANNUITY-ONLY scratches (still a big problem in NY and Massachusetts).
Jul 19, 2004, 5:58 pm - CASH Only - Instant ("Scratch-Off") Games Forum

Pepsi Billions... cash or annuity?Reply
i would opt for the annuity because you and your estate, and probably your estate's estate would be set for life.
Jul 18, 2004, 6:55 pm - DoctorEw220 - Lottery Discussion Forum

MassMillion predictionsReply
Tony:You don't want to WIN this game; the jackpot is STILL annuity-only.Thank goodness it will be replaced in September with an all-cash game.
Jul 13, 2004, 4:55 pm - CASH Only - Jackpot Games Forum

Mass. Lottery to announce winner of $294 million Mega Millions jackpotReply
Why is the prize comparison listed as BEFORE witholdings for annuity, but AFTER for lump sum?
Jul 8, 2004, 4:01 pm - CASH Only - Lottery News

annuity is the way to goReply
Quote: Originally posted by rabbitfoot on July 01, 2004Being married, I would encourage my wife to take her half in an annuity and I would go for the lump sum. But, out of my half ($45,500,000 after taxes), I could still buy an annuity on my own if I wanted to. There's a lot of possibilities! In California we can't do that. You have to choose when you buy your ticket if you want cash or annual payments. It can not be changed after you win and you can't get both.
Jul 1, 2004, 6:54 pm - CalifDude - Lottery Discussion Forum