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When is a CASH cow...Reply
We will always have the annuity choice. It makes the jackpot appear much larger.
Dec 17, 2002, 5:23 pm - Thomas Covenant - Jackpot Games Forum

When is a CASH cow...Reply
I guess Powerball has become a real CASH cow, except for the annuity sellers (since Powerball winners are almost always smart enough to reject the annual payments).
Dec 17, 2002, 2:58 pm - CASH Only - Jackpot Games Forum

PowerBall observationsReply
Powerball never got above $111 million or so when its jackpot was annuity-only (every US jackpot $120 million or higher had a cash option).
Dec 17, 2002, 1:19 pm - CASH Only - Jackpot Games Forum

Powerball $160 million Wed 12/18Reply
Bug: I am not against annuities per se. I simply have (for many years) been critical of lotteries requiring large prizes (other than lifetime prizes) to be paid through annuities, without giving the player(s)/winner(s) the choice of collecting the cash value of the annuity in lump sum. (Believe it or not, it's STILL a problem here in NY with high-end scratch games. And remember the Mass. 6/42 6/49 jackpot games have NEVER let winners collect in lump sum.) As for winners collect
Dec 16, 2002, 1:27 pm - CASH Only - Jackpot Games Forum

GEORGIA front and back pairsReply
Lottoscorp: Actually, the NY Lottery has become one of the WORST lotteries in terms of player respect (this from a lifelong NY state resident). Why? 1) NY Lotto 6/59 prize pool is only 38%-40% of sales, which explains why a 3-of-6 match wins just $1. 2) Lotto 6/59 and NY Mega Millions players still must make the cash/annuity choice WHEN they play (despite the 1998 IRS ruling). 3) All scratch game prizes above $500,000 paid through an annuity, with NO cash option. 4) One NY scratch game features
Nov 26, 2002, 4:52 pm - CASH Only - Lottery Discussion Forum

NY subscription winner a LOSER
One of this morning's front-page stories is about a NY Lotto play-by-mail customer who bought a subscription several months ago. NY still requires the cash/annuity choice WHEN you play, in person or by mail; the choice is binding, despite the 1998 change in IRS rules which led to many states/games allowing the lump sum/annuity choice to be exercised after you win, when it should be made. Anyway, the man chose 26 ANNUAL PAYMENTS . You know the rest. This is actually BAD publicity for the NY Lott
Nov 22, 2002, 7:33 am - CASH Only - Jackpot Games Forum

Play responsiblyReply
My #1 rule for responsible play is to make sure you NEVER put yourself in a position to receive annuity payments directly from a lottery win.
Oct 23, 2002, 7:11 am - CASH Only - Lottery Discussion Forum

I'm new here and want to know ?Reply
RJOh: On another thread, Bulkmailgirl said she probably would prefer the annuity. That's why I posted above.
Sep 24, 2002, 12:41 pm - CASH Only - Lottery Discussion Forum

POWERBALL WINNER ?? WHERE WAS SOLD??Reply
That's $51 Million Annuity. Hopefully the winner will take the cash.
Sep 15, 2002, 5:32 pm - smd173 - Jackpot Games Forum

Lottery player/winner advice ?Reply
lotteryinfopls: What if any of the 9/11 victims had recently won the lottery, and they chose annuity, and their heirs had to pay inheritance tax within 10 months of the winners' death, and the heirs did not have the money to pay the inheritance tax for the remainder of the annuity payments? The $28 million winner in Illinois probably went against expert financial advice. Be thankful almost all US lottery jackpot games give you a choice. When the 1990s began, NOBODY was allowed to choose. Choo
Sep 10, 2002, 7:10 am - CASH Only - Lottery Discussion Forum