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Man wins lottery on his birthday thanks to mom's adviceReply
Yes, I rarely say this but he should have taken the annuity payments. Unlike the average Lottery Post reader, he doesn't have any concrete plans for the money. He is going to lose half in taxes and wind up with only $1.25 million. The cash lump sum for Powerball is 65% of the annuity. His cash lump sum was only 50% of the guaranteed $5 million (20 years) and of course if New York chose to honor the payments for a lifetime, he would have received far more than $5 million. I'm happy a young
Jan 27, 2017, 2:05 pm - LottoYear - Lottery News

Annuity vs Cash ValueReply
I have always said that if you are below 40-45 years old that the annuity is better than taking cash value since it will provide a nice income for the next 29 years. But, if you are older than 40-45 years old, you would be wiser to take the cash. Depending on how much older than 40-45, you don't know how long you will live and may not live long enough to collect all the payments. Plus, if you die before collecting the last payment, it will leave your heirs responsible for the estate tax. That
Jul 26, 2016, 8:26 pm - TheMeatman2005 - Lottery Discussion Forum

Annuity vs Cash ValueReply
Cash. How many winners have taken their annuity and sold it eventually to a need-cash-now company? What did a house cost 30 years ago and what do they cost now? Due to inflation the actual value of an annuity shrinks every year.
Jul 14, 2016, 8:18 pm - Coin Toss - Lottery Discussion Forum

Annuity vs Cash ValueReply
I see both options having benefits: Much depends on the persons age, if they want leave an inheritance, the life style they see themselves as having, their current financial status, tax considerations, the amount of the jackpot, and their ability to invest sensibly, The 30 year graduated annuity is pitiful but could be a better choice depending on the particulars. The 20 year evenly distributed annuity of years ago was much better. Most people playing would likely want to get started with as
Jul 14, 2016, 4:48 pm - Elliptic7 - Lottery Discussion Forum

$311 MILLION: Here comes PowerballReply
Actually, cash value is default if you buy a ticket in Texas on the vending machines. If you want the annuity, you have to go to the counter and specifically ask for it, unless you are filling out a slip with numbers. Then you have to mark either cash value or annuity. I always play cash value. Even when I talk about the amount for the drawing. Powerball is $221.4 million. Mega Million is $10.5 million. Have not bought tickets yet. $2 and a dream.
Jul 11, 2016, 9:41 am - Piaceri - Lottery News

Indiana lottery ticket wins $540 million Mega Millions jackpotReply
for all of you obsessed with lists of what place all these jackpots are in lifetime maybe we need lists of the top 25 mm's won on a tuesday both cash and annuity and another for friday's both cash and annuity. same thing for powerball wednesday's and saturday's. then you will have 4 meaningless lists to stare at instead of 2. no one who has ever won cares what place they are in lifetime so why do people who are never going to win (everyone on here) care. also, this nonsense of certain states hav
Jul 9, 2016, 9:19 pm - faber98 - Lottery News

$508 MILLION: Mega jackpot to spark ticket-buying frenzyReply
Time for Texas to have a jackpot winner. Have not bought tickets yet, but will later after work today, and then again on Friday. Some quick picks, some picks. I totally understand the excitement for this large of a jackpot, but I also play every draw for Mega Millions, Powerball, and Texas Lotto. Annuity does not matter to me, just the cash option. Even at the lowest starting point (~$3m cash option for Tx Lotto), a win secures a very, VERY nice retirement. If anyone asks me how muc
Jul 6, 2016, 2:09 pm - Piaceri - Lottery News

How would you react?Reply
I would not trust that friend with your lottery ticket or your money. Save yourself some big headache and buy it in your state. Thank God or maybe not that I'm in Washington state, no state tax. But I live 7 miles from the Oregon (tax hell) border where my 8-year-old daughter lives and where I would love to buy a house to be close to her, if I won the lottery. If I win and get the annuity (most likely as name change, updating records, getting a good money team will take more than 2 months
Jun 27, 2016, 9:54 pm - One-Day - Lottery Discussion Forum

$333 MILLION: Mega Millions jackpot continues climbReply
Lump Sum for me. My age, health, plus the low-interest rates on the annuity are factors. I might be able to invest it and gain more earnings then the annuity would bring. Inflation is another factor when thinking about the 30-year plan. Better to have one bird in hand than two in the bush. Have fun everybody since this is entertainment after all.
Jun 19, 2016, 6:42 pm - music* - Lottery News

So, what would you do?Reply
I like your planning so far but are you aware of what would happen to your 30-year annuity if Arizona went belly up? I think you need to check on this before claiming your prize and choosing the annuity. If you change your mind and choose the lump sum then try not to spend too much of your principle. This will be easier done with a humongous jackpot. Allow fate to blow favorable winds your way.
Jun 9, 2016, 5:05 pm - music* - Lottery Discussion Forum