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Ohio Classic Lotto (6/49) at $16.6M/$8.3M cashReply
Hey Rj or anyone.....Ohio Classic and Powerball have the same 50 Million annuity, but drastically different cash values...almost 20% different. Is that because of the length off the annuity? Thanks, aLosingWinner
Oct 27, 2013, 12:18 pm - aLosingWinner - Jackpot Games Forum

MM going to 30 year annuityReply
Is it a graduated annuity like PB? Or did they keep it like is now? If so, PB still has the advantage there... MM annuity option is not enticing at all as is... cash option only way to go.
Oct 12, 2013, 12:30 pm - Romancandle - Lottery Discussion Forum

Lottery winner sues advisors for poor policiesReply
LIFE INSURANCE is NEVER an INVESTMENT. One can use it for estate tax planning purposes as well as to provide income for surviving beneficiaries AFTER ones death. An appropriate INVESTMENT for people seeking guaranteed rate of return or safety net from market declines are either a FIXED INDEX ANNUITY or VARIABLE ANNUITY. Only a life insurance agent more interested in his payday instead of the best interest of the client would recommend cash value life durance as an investment. The only per
Sep 29, 2013, 9:01 am - OldSchoolPa - Lottery News

$400 MILLION: Powerball lottery jackpot explodesReply
Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan Powerball: $223.6 million cash, Sep. 18, 2013 ($400 million annuity) - Preliminary estimate They clearly have been playing around Estimate numbers to make it seem make a higher jackpot how can $337 have a higher cash value than $400 ????? They have been lowballing the Estimated Jackpot number it appears
Sep 15, 2013, 9:52 am - In3D30 - Lottery News

Anyone ever won " win cash for life scrach off ticket " ?Reply
VA Win for Life is lifetime annuity yes, but this is not correct in general, at least for my state. You receive payments not to exceed a total of X amount. If you get $250K a year and it is limited to $5,000,000 total, then you only receive $250K a year for 20 years. Most tickets state both the time (20 years) and total amount ($5 million). There are absolutely NO tickets here that feature really for life payments. The reasoning is financial liability. If I win $250K a year for life, and I w
Sep 14, 2013, 4:30 pm - LottoMetro - Lottery Discussion Forum

Do you see yourself broke in 10 years should you win a jackpot worth $40 million?Reply
ttech10- you bring up a valid point on whether or not the $40 million is an annuity or take home amount. Chances are the OP is referring to a PB $40 million annuity jackpot and if the cash option it chosen would end up netting the winner roughly $12-13 million after all Federal and state taxes are factored in. I feel the majority of LP members are well grounded and will do just fine even with the smaller net figure. On the other hand, I find it hard to believe that anyone would stick with
Sep 7, 2013, 3:41 pm - Jill34786 - Lottery Discussion Forum

How much money per week would you consider Set for Life?Reply
Illinois has similar games too... although they recently switched from CASH FOR LIFE to the GOOD LIFE (a 20 year annuity or lump sum) which changed that whole cash for life concept in a big way IMO... liked the original concept better. Seems to me, 5K and up are the only ones that would qualify as set for life IMO. Anything less than that, is good for the early part of the annuity, but as time wears on, your purchasing power starts to drop quickly at the lower JP prize tiers. $500 and $
Aug 18, 2013, 11:29 am - Romancandle - Lottery Discussion Forum

Your thoughts on Mega Millions Matrix Change?Reply
I just read this from the MA lottery website That means a Mega Millions ticket with the Megaplier option can now win up to $5 million in the game without matching all six numbers To those in the know, is that gonna be an annuity? It would suck big time if the second prize was an annuity.
Aug 8, 2013, 6:08 pm - maringoman - Lottery Discussion Forum

If nobody wins PB on Wed, will Saturdays beat Gloria Mackenzie record?Reply
If this PB run survives another draw, it will probably beat Gloria's amount.(projected $646M) It might not eclipse the all time MM high of $656M, but it will be close. In the graph below, you can see that Sales were actually lower on this run up until a few draws ago, when the Jackpot ticked over the psychological $200M threshold where the buying frenzy starts. The only reason it was equal or higher Jackpot amounts compared to the same points previously, is due to higher yield on the annuity
Aug 4, 2013, 2:06 pm - Jon D - Lottery Discussion Forum

Can MM & PB Start Being Honest? Must this farce continue?Reply
I completely agree. JoshUK put up a new discussion about how high the Euromillions had gotten to. In US dollars it comes out to $242M. If one person wins, that winner will actually take home more money than Gloria for all the hoopla about her winning over half a billion dollars. I can't help but to see the oddity in that. Had the $590M really been $590M, even after taxes she would have received $356M. Let's face it, Gloria was always going to be winning the lump sum, not the real JP. No 84 year
Jun 22, 2013, 9:18 am - Teddi - Lottery Discussion Forum