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Texas Lottery to add third weekly Lotto Texas drawing
Right the annuity is only going up $250,000 each draw. So the cash value increase is about $220,000 - $230,000.
It will be interesting to see.
Edit. I just checked the last 5 draws. Cash amount on July 7 was $5,410,000. Cash amount for this Saturday's draw is $6,470,000, $1,060,000 difference. So, the cash increase is actually about $176,000 each rollover, though it does vary. The increase from last night for the next draw is $240,000 even though the annuity only went up $250,000. Interest
Jul 22, 2021, 5:51 pm - rcbbuckeye - Lottery News
One Michigan lottery ticket wins $1 billion Mega Millions jackpot
The story has been updated to reflect the final tallies of the annuity and cash jackpot amounts.
Annuity: $1.05 billion
Cash: $776.6 million
The after-tax amounts are updated in the article as well.
Jan 23, 2021, 4:22 pm - Todd - Lottery News
Unclaimed $14.6 million Arizona Lottery ticket expires Monday
Hey CD, The Pick is an annuity or lump sum payout game.
You made your calculations on the annuity value, not the lump sum cash value.
The amounts that AZ has to invest or will remain will be less than what you came up with.
Dec 2, 2019, 7:32 pm - TheMeatman2005 - Lottery News
UK ticket-holder is Britain's biggest-ever lottery winner after winning £170m EuroMillions jackpot
If they could actually find a good financial adviser the payment jackpots would be much higher.
The lotteries already have very good advisers who understand that their client wants to be positive that they won't lose money by earning less than they've promised to pay out.
Ironically, that's probably unnecessarily cautious. If they based the advertised annuity on some pie in the sky investment that claimed a potential return of 15% they could advertise far higher jackpots. That would prob
Oct 12, 2019, 1:13 am - KY Floyd - Lottery News
$11.7 million Michigan Lotto 47 jackpot is largest in more than 2 years
I am not writing about an annuity.
Then why are you using the annuity amount and not accounting for taxes?
Michigan doesn't seem to be interested in telling us what the cash value is, but if the payment schedule is similar to PB or MM it should be about $7.7 million. After taxes that would be a bit better than $4.5 million, or a bit better than $225k per year tax-free if you plan to keep it under your mattress and spend 5% per year for 20 years.
Jul 11, 2019, 11:54 pm - KY Floyd - Lottery News
$475 MILLION: Mega Millions lottery jackpot swells
Did you see the jackpot that hit on the 34th rollover? Indiana's MM hit it on July 8, 2016.
It is #13 Top 25 Annuity. #9 Top 25 Cash Value
$536 million Annuity and $378 million Cash Value.
That is a lot of rollovers!
Jun 1, 2019, 6:31 pm - music* - Lottery News
Lotto America 2019
No Jackpot Winner
The Lotto America numbers for Saturday 5-11-19 were: 30-35-37-47-49 3 Multiplier 2X The estimated jackpot for Wednesday 5-15-2019 is $19.74 Million Annuity/ $12.35 Million Cash
Good luck to all participants on the next draw.
*The Annuity increase was $60,000 and the Cash value increase was $170,000 from the previous draw
May 12, 2019, 5:28 am - CDanaT - Jackpot Games Forum
Lotto America 2019
The Lotto America Numbers for Saturdays draw 4-13-2019 were 21-23-27-31-37 9 Multiplier 2X
The estimated jackpot for Wednesday 4-17-2019 is $18.40 Million Annuity/ $11.31 Million Cash
Good luck to all participants on the next draw
* Annuity increase was $340,000 and the cash value increase was $110,000 from the previous draw
Apr 14, 2019, 6:05 am - CDanaT - Jackpot Games Forum
Lotto America 2019
The Lotto America Numbers for Wednesdays draw 4-10-2019 were 1-14-16-24-50 2 Multiplier 3X
The estimated jackpot for Saturday 4-13-2019 is $18.06 Million Annuity/ $11.20 Million Cash
Good luck to all participants on the next draw
* Annuity increase was $210,000 and the cash increase was $130,000 from the previous draw
Apr 12, 2019, 7:02 am - CDanaT - Jackpot Games Forum
Lotto America 2019
The Lotto America Numbers for Saturdays draw 4-06-2019 were: 12-28-32-34-45 1 Multiplier 2X
The estimated jackpot for Wednesday 4-10-2019 is $17.85 Million Annuity/ $11.07 Million Cash
Good luck to all participants on the next draw
* Annuity increase was $400,000 and the cash increase was $120,000 from the previous draw
Apr 7, 2019, 12:29 am - CDanaT - Jackpot Games Forum
