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if PB/ MM changed its policy from CASH to ANNUITY going forward- would that sit well with you?
Perhaps they say We have read too many horror stories of winners losing it all, so we have emplemented a fail- safe measure to ensure that this will not happen under our watch from this point on, in the best interest of the lottery the winner- we feel that this action will be viewed in a positive light once the initial curve has been passed-Yours Faithfully The State Lottery. Would you buy into it?
Apr 16, 2013, 5:11 pm - noise-gate - Lottery Discussion Forum

California and PowerballReply
Powerball tickets go on sale in California for the very first time on Monday, April 8th. For the April 10th draw, Powerball is $60 million annuity or $38.9 million cash. Each ticket is $2. For the April 9th draw, Mega Millions is $56 million annuity or $42.3 million cash. Each ticket is $1.
Apr 7, 2013, 12:46 am - whiteballz - Lottery Discussion Forum

Massachusetts man wins half of $61M Mega Millions jackpotReply
I would say he was a smart man for taking the lump sum. I have just been seeing too many of those Peachtree Financial and JJ Wentworth... it's my money and I need it now! ...commercials. He won't have to use them by selecting the lump sum. I imagine a fair number of lottery winners who select annuity end up using such service, and in doing so, lose out on even more money. I don't think the manner in which one selects payments will shield from making stupid mistake. I would prefer to take lump su
Oct 19, 2012, 4:27 pm - OldSchoolPa - Lottery News

Winning The Lottery Is A Mind Game.Reply
My Powerball ticket is a talisman of possible wealth for tonight drawing. lol New York first Powerball jackpot was won with $1 Quick Pick Ticket by Jeffrey Christine Pintuff on 12/25/2010 for $48M annuity and $24M cash value. Today powerball jackpot is $40M annuity with a $25.7M cash value for $2.
Sep 29, 2012, 6:26 pm - THRIFTY - Lottery Discussion Forum

DO you really lose money if u take the annunity over the lump sum?Reply
It is a fools choice. Here is a link from this very page offering a 7% annuity. http://www.advisorworld.com/Guaranteed-Income/?utm_source=Google-Content utm_campaign=current-annuity-rates sfcampid=701E0000000Pi4t _kk=current%20annuity%20rates _kt=f8f7f8d1-04a0-4489-b8d0-858951f4a91e gclid=CKPq2dCI8rECFchdTAodvigA_g As far as I'm concerned anyone who is dumb enough to put their wealth in the hand OF THE STATE is also dumb enough to call CASH NOW and pay HUGE FEES on top of PAYING THE TAX FO
Aug 18, 2012, 5:07 pm - Ronnie316 - Lottery Discussion Forum

DO you really lose money if u take the annunity over the lump sum?Reply
Informative post, thank you. It confirms my thoughts about the annuity option, that it's not the fool's choice so many here would have you believe (and that the cash option isn't the stone-cold lock it's portrayed as). This is not to say, though, that one should never take the cash or never take the annuity. What I've been saying all along is that everyone has different wants and needs, so what would be a good decision for one person might be a bad decision for another. For some people it mak
Aug 15, 2012, 4:25 am - mediabrat - Lottery Discussion Forum

Report: Ill. lottery manager short $100M on profitReply
Not much they can do with the numbers games unless they reduce the payouts. I'm thinking maybe they are really going to get tight with the scratchers. Ironic kind of, Quinn (Gov.) insisted on letting Northstar run the lottery. Let's say the lottery itself was the jackpot, the state running it every year was the annuity, and Northstar was the 'cash option'. The players should always take the cash and the state should stick with the annuity!
Aug 4, 2012, 12:59 am - Coin Toss - Lottery News

Why did the drunk go to the strip club with $700k cash?Reply
Really? I was making a joke about a dumb moron who totes a BRINKS bag into a strip club. The annuity is for losers who are too stupid to realize they are being ripped-off. Or too lazy to manage their own money. Jack was both and would have called cash now even if he had taken the annuity.
Jun 8, 2012, 7:43 pm - Ronnie316 - Lottery Discussion Forum

$102 million lottery winners - 17 years laterReply
THAT is the only advantage in getting the annuity. If you go crazy the first year or so (buying houses, Lamborghini sports cars in triplicate to fill your 3-garage homes, jewelry, with hangers-on asking for money), then you still have time to come to your senses. You run out of money Year1, Year 2, by Year 3 you start getting smart. They were getting $3.5 million per year for 20 years. Nowadays the annuites are like 25 - 30 years. The drawback nowadays about annuities, of course, if the polit
May 26, 2012, 12:35 am - ChazzMatt - Lottery News

When was the last time you saw a multi-state lottery jackpot...Reply
I noticed. What's interesting is that despite all of their bigger and better hype, the jackpot is actually only equal to what the old dollar ticket produced in 9 rollovers. The expectation value, based on averages for previous sales numbers, is roughly 0.41 on a jackpot greater than 100M annuity. That's pretty pathetic. I played around with some numbers and discovered that to have an expectation value around 1.0, the jackpot would need to be an all time record, probably close to a billi
May 25, 2012, 8:04 pm - Prob988 - Jackpot Games Forum