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Mega Millions sets world record with $1.6 billion lottery jackpot for Tuesday drawingReply
Because we understand the risks that will come from inflation, taxes and retroactive changes in federal law, all of which have negatively impacted annuity winners in the past. And since the best predictor of future events is past events, add to that the fact that the annuity is backweighted, and I'll be saying no thank you to an annuity. Besides, when invested properly, the lump sum amount will almost always outpace the annuity, so no one is leaving anything on the table and you have the benefit
Oct 20, 2018, 2:20 pm - Teddi - Lottery News

$400 MILLION: Powerball jackpot skyrocketsReply
Will have to roll Wed and roll agaian Saturday to beat the Mega JP record. Especially the cash value record which was 471 mill when the MM record was set. When the MM record was set the annuity value was 656 mill and the cash value was 471 mill which was almost 72% of the annuity. Right now there saying 400 mill annuity with cash value at 230 mill which is a little under 58% of the annuity. at that rate it would take an annuity of over 800 mill to break the cash record. Need to have 2 rollovers
Aug 4, 2013, 2:58 pm - alexnt55 - Lottery News

Choosing the Annuity Payments and State Taxes.
If someone won a MM or PB jackpot and they lived in a state like New Jersey that taxed lottery winnings 10.8%, what would happen if the winner choose the annuity payments and then moved to another state that doesn't have income tax, a state like Nevada? I'm guessing New Jersey would want to tax the first annuity payment for 2013 but what about the other annuity payments in 2014, 2015, 2016 and so on? Can the state you resided in when you won the jackpot continue to tax you after you left the
Mar 17, 2013, 3:55 am - whiteballz - Lottery Discussion Forum

Where Does the Money Go?Reply
This description may not be strictly correct in all the technicalities, but it can give a general idea of how this works. The cash value is the amount of money in the prize pool. For simplicity, let's assume one person wins the jackpot. If he selects the cash value option, he receives the cash value amount, which is money already held by the lottery commission. If the winner selects the annuitized payment option, he receives the first annual payment, and the rest (of the cash value) is dep
Aug 18, 2009, 11:20 pm - Longarm - Lottery Discussion Forum

MegaMillions advertised annuityReply
Always, Always, Always take the cash value settlement option. If you're young enough and sensible, take the cash value option. What I mean by sensible is having the sense to spend no more than 10 percent of your net winnings each year. Even people who have taken the annuity option have run into financial trouble when they spent the next year's check the previous year. Taking the annuity therefore is not a guaranteed way to protect one from making dumb decisions. Also, if you happen to d
Apr 9, 2007, 2:56 pm - OldSchoolPa - Jackpot Games Forum

Lottery Winners Sued As NuisancesReply
OR Megabucks (and several other in-state annuitized jackpot games) fix the cash value of the annuity at a lower rate than the actual cash value of the annuity. In this case, the cash value of an OR Megabucks annuity is 50%, when the actual retail value is higher. In such a scenario a lump-sum winner does not get their fair share. This does not happen with Mega Millions or Powerball, as cash-option winners in either game get the true value of the annuity in lump sum. (While the PB cash value is
Feb 19, 2007, 12:40 pm - CASH Only - Lottery News

MM annuity equivalent in PB: $93M.Reply
Lump sums vary with the structure of the annuity. Lotteries can manipulate the apparent size of the jackpot by manipulating the annuity. Annuities that are back loaded (pay the most money when they are mature) look even bigger than even payout annuities. This is what powerball recently did. Early lotteries had a twenty year payout and there was no cash option. Modern lotteries now typically have a 30 year payout and all sorts of annuity structures.It is always worthwhile in my opinion to onl
Dec 28, 2005, 1:19 pm - Prob988 - Jackpot Games Forum

Probability of a MegaMillions rollover.Reply
The Megamillions jackpot has rolled over and the annuity value is now $53M. This matches the jackpot at this point in the previous $315M annuity run, which was also $53M. That jackpot sold $21.0M in tickets. If sales are similar for this jackpot, the following table gives the probability for various numbers of winners:088.74%110.61%20.63%30.03% For the long term, I would estimate using the equation generated from the last two large runs that the probability is 48% that the jackpot will ultima
Dec 17, 2005, 2:47 am - Prob988 - Jackpot Games Forum

Mega Millions lottery jackpot rises to $128 millionReply
You're looking at it backwards. The jackpot is based on the cash available to buy the annuity and the way the annuity is paid out, so the right question is why is the jackpot so small when they have that much cash. The answer is that the Megamillions annuity is paid in equal installments over a shorter period than Powerball (and current interest rates aren't very impressive). If you wanted to you could structure an annuity so that each $1 up front returns $5 over the life of the annuity. In f
Oct 25, 2005, 5:39 pm - KY Floyd - Lottery News

Powerball lottery madness spreads to big mediaReply
You seem to be forwarding the notion that somehow the annuity jackpot is not the real jackpot .In that case, let me be the first to let you know that the annuity jackpot is in fact a real jackpot amount, and you would in fact get that prize if you chose annuity (minus taxes, of course).Just because there are many (if not most) people who would choose the cash value in order to get a huge outpouring of cash all at once, there are some who would opt for the annuity, and for those people, they w
Oct 19, 2005, 10:20 am - Todd - Lottery News