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Anyone else find the jump in MM j/p surprising?Reply
MM $12M starting jackpot is a joke. I do not blame those players that wait until MM and PB reach $100M annuity to start playing. When MM and PB hit $100M annuity a higher number of combinations have gone into play. I usually wait for the $100M plus jackpots because I hate going to lottery retailers frequently, and I do not like to use the advance play feature. I know many players feel the same way. Time is money in this world, it is a matter of time before we able to play the lottery onlin
Apr 4, 2012, 6:51 pm - THRIFTY - Lottery Discussion Forum

Mega Millionaire 'Bunky' Bartlett offers advice to winnersReply
Just because the guy is a moron, is no reason to take the annuity ............ you can overspend on a yearly basis and have liens placed onto you annuity! It is all in what you make of the good fortune that comes your way ....... Bunky is the last person on earth that I would listen to for financial advice!
Apr 4, 2012, 10:06 am - dpoly1 - Lottery News

$540 MILLION: Mega Millions buying frenzy sparks another jackpot increaseReply
Not sure when the lump sum was implemented but I would guess it's been available for probably the past 20 years of so. Jackpot winners with no guidance or game plan as well as self control will always find a way to go broke. It doesn't matter if they get the cash option or annuity. With the annuity, they simply borrow against it or cash it in for a lump sum payout with those sharks you see on TV. Many of them like the gentlemen who moved to Florida and collected medieval replicas while fuelin
Mar 29, 2012, 11:34 pm - Jill34786 - Lottery News

$540 MILLION: Mega Millions buying frenzy sparks another jackpot increaseReply
Lottery changed my life on TLC... Terry Shanon Hamilton won 9 million in the Oregon megabucks lottery. 4/7/10 They were able to split the money, part cash and part annuity..$2,250,000 cash and $180,000 a year for the annuity... Good luck Friday
Mar 29, 2012, 9:04 pm - GunaWin - Lottery News

$540 MILLION: Mega Millions buying frenzy sparks another jackpot increaseReply
Insanity---- The Ohio annuity after-tax payment is $14,330,769 (26 payments) I'm taking the annuity.
Mar 29, 2012, 1:48 pm - Arrowhead - Lottery News

$363 MILLION: Mega Millions lottery jackpot raised due to heavy salesReply
Good for you, I hope you win... that is, if I don't win instead. There are many people here who will swear up and down that only a fool would take the annuity, blah blah blah taxes blah blah Obama sucks blah blah, but what they always forget is that once you win, it's your money to do with as you please. As for me, there might be a situation where I'd prefer the lump sum, but most of the time it seems like the annuity would be good enough for me. Good luck, everyone, no matter what you pl
Mar 26, 2012, 6:30 pm - mediabrat - Lottery News

Cash Vs Annuity PaymentsReply
hi Katy - I'm new too and probably not the best person to respond... but never fear, there is a huge contingency of peeps who will chime in who are much smarter than I. Your annuity WILL be state taxed based upon 2 things. 1. the state you purchased your ticket IN will get the first shot, then the state you LIVE IN will get the 2nd shot. Ex. each year, prior to disbursing the proceeds for the year, the state you won the lottery in will w/h 25% fed and whatever % state tax your state has, I live
Mar 20, 2012, 6:16 pm - maximumfun - Lottery Discussion Forum

$241 MILLION: Mega Millions lottery frenzy ramps upReply
I'm no tax expert, i even pay someone to file mine,don't want to pay a penny more than i have to. if you like the idea of an annuity why not take the cash and buy your own or several, why be locked in to one, you could even get short term and long terms,if you take the lottery's annuity, the state still has a way to get to it, even if you live in another state that has no income tax,
Mar 18, 2012, 3:39 pm - haymaker - Lottery News

New "Lucky for Life" should there be a lump sum option?Reply
I stated this in the related thread in the news section, but the whole point of winning for life is, well, winning for life. It would completely defeat the purpose of the game to opt for a lump sum. My feeling is that if you were to add that option, very few people would take it. Then again, I come down on the annuity side of the usual lump sum vs. annuity debate anyway, so it's not surprising that I'd feel this way. If I'm say 75, why would I play this game ? when there are PB and MM, both
Mar 13, 2012, 4:40 pm - mediabrat - Lottery Discussion Forum

New England states start new lottery game ThursdayReply
I like these kinds of games and for most people they are probably better. Honestly for most people when you just hand them a huge chunk of cash at one time very little good can come from that and most likely they will blow it all. Even for the big jackpots I always assumed you either had to take all cash or do the annuity until I was watching one of those lottery shows and the guy took part of the prize in a lump sum and the rest in an annuity which I thought was the best way to go. $400
Mar 13, 2012, 2:55 pm - VenomV12 - Lottery News