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New England states start new lottery game ThursdayReply
I agree. Besides, lottery annuities are not paid out by the government. They are paid out by privately-held banks. The lottery shops around to see which banks provides the best rates, and awards the business (the annuity) to the bank. With this in mind, it is ridiculous to say that the government is going to stop paying or something. Once the annuity is set up, the government is no longer in the picture. (Other than taxing the payout every year.)
Mar 13, 2012, 2:39 pm - Todd - Lottery News

Cash Vs Annuity PaymentsReply
On smaller prizes, of under $1,000,000, I would take the cash (should I be that lucky). On $1,000,000 to maybe $4,000,000 I would likely take the annuity. With the Colorado Lotto, the cash amount is 1/2 the jackpot, so a $1,000,000 jackpot is reduced to $500,000 cash. Then if you assume fed and state taxes eat another $200,000 then you're down to $300,000 or so. In that case, I'd rather just take the annuity. A $1,000,000 win pays $25,000 for the first year then increases 3.7% every year for
Feb 11, 2012, 7:03 pm - ameriken - Lottery Discussion Forum

Cash Vs Annuity PaymentsReply
No, more than just one since 2004. Just type annuity in the Search feature. https://www.lotterypost.com/search?q=annuity
Feb 11, 2012, 10:29 am - Coin Toss - Lottery Discussion Forum

Cash Vs Annuity PaymentsReply
haha no if i did take the annuity i would never go to bj bluntwerth. you all make good points. and yes land would be a good investment i would probably do the warren buffet start up technique.....buy some pin ball machines!!! i searched the last time a cash vs annuity topic started it was late 2004 and it was a 1 page thread....we might beat em!!!!! good luck to all tonight i hope you all give my jackpot more money
Feb 11, 2012, 10:21 am - CreAmTheLoTTo - Lottery Discussion Forum

Cash Vs Annuity PaymentsReply
This has been discussed quite a bit here, but since you say you are bad with money what would you do if you won a jackpot, took thre annuity and then one of those you-need-it-now companies stared waving cash at you (which would be pennies on the dollar)? Someone here at LP has or had a signature line, You can always buy a better annuity . Don't forget, what sounds like a major score on an annual basis may not be that big of a deal years down the road. And as has been mentioned already b
Feb 11, 2012, 1:17 am - Coin Toss - Lottery Discussion Forum

mega million jackpots not going up as quickReply
Now that the annuity JP is going over 200 Mill, it's jumping more. I really don't pay attention to the annuity numbers though. I think only about the cash option. I would be over 90 when I got the last check. Withe the government going the way it's going I don't even know if the US will be around by then,,,,,
Dec 24, 2011, 7:28 am - markp1950 - Lottery Discussion Forum

Unclaimed Iowa lottery jackpot to expire Dec. 29Reply
It depends on how the winner takes their winnings. If they take the cash value of $10.75 million, they'll be taxed on $10.75 million. If they take the annuity, they'll be taxed on the actual amount they recieve for this year. Each year when they recieve their annuity, they'll be taxed for that portion then.
Dec 1, 2011, 1:10 pm - VAHopeful - Lottery News

$200M Powerball lottery jackpot won by N.Y. Costco workersReply
Congratulations, this $201.9 Million advertised annuity amount is a tidy prize for each of the 20 lottery pool players! Sure is a very large lottery pool! After the 49% annuity to lump sum value, AND another 44% fed and state tax deductions, should leave each of the 20 lottery pool members with approximately $2.9 Million each!!! This $2.9 Million amount is probably enough for the solo, and married without children members to not have to remain at Costco if desired. Could switch to the busines
Jun 2, 2011, 2:04 pm - HaveABall - Lottery News

Idaho woman claims 2nd half of $380M Mega Millions jackpotReply
According to the Idaho lottery FAQ the winner has up to sixty days after the ticket is presented to decide if they want the single cash payment or the annuity. http://www.idaholottery.com/theidaholottery/faqs.aspx It is the policy of the Idaho Lottery Commission to allow on-line jackpot winners to defer for sixty days following the presentation of the winning ticket, an election as to whether to receive the prize in the form of an annuity or a single cash payment as a procedure in the rul
Jan 16, 2011, 7:22 am - iGlenn - Lottery News

Tax Strategies For Lottery Winners - Lump Sum vs InstallmentsReply
i like the taking annuities then claiming poverty option to avoid giving family members too much. seriously tho, with a large win like 100 mill, annuity payments would be ewnough for me to live off the interest, after 1st year, you would get teh 2nd annuity, and live off the interest of both amounts, having double the income to budget on. by the time you get to yoear 5, you would start to become accustomed to being rich and by year 10 you would have it down pat. a good way to
Jan 12, 2011, 9:29 am - savagegoose - Lottery Discussion Forum