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Now That the Excitement of Mega Million is OverReply
i always play both, however am back to my normal 1 buck qp LOL i up it to 2 bucks for 100m annuity plus, or 50m cash, 3 for 80ish million cash, and once it breaks 100m cash, or 200m annuity i go up and stay at 5 only time i go wild is when 300m level is reached, like this past jackpot was new world record for cash, i spent far to much out of normal LOL
Jan 6, 2011, 12:17 am - joshuacloak - Jackpot Games Forum

Texas Lottery ChangesReply
Maryland switched over to the multiplier earlier this year, I believe it was in June. They have had tv. commercials describing the change. If you win the $250,000 second prize and have the multiplier, you automatically win $1,000,000. I don't know if this is true for all states, seeing as how Maryland just started in June and Texas is just starting now. One thing Maryland definitely did not publicize, is when they increased the state's cut of the taxes on winnings from 7.5% up to 9.25% for resid
Jan 1, 2011, 9:59 pm - grwurston - Lottery Discussion Forum

Mega Millions: $168M Christmas Eve lottery jackpotReply
They will with hold 25% for taxes, that is a federal requirement so it's true for all states but that in no way accounts for all of the taxes you will owe. Come April 15th, you'll likely to have to pay at least another $10 million if not more in taxes in addition to the $23 million they with held from you. A lot of jackpot winners that were foolish enough to not solicit professional advice wound up having to negotiate with the IRS. Of course, the annuity is effectively a tax deferred
Dec 22, 2010, 10:41 am - DETLotteryPlaye - Lottery News

Kentucky lottery winner wastes no time claiming jackpotReply
No the federal and state governments only robbed him of 3.0 million. The 19 million figure is what he would have received had he chose to receive the annuity option vice the cash value. The cash value is usually 50% of the advertised annuity amount. But in any case, the guy is lucky and better off than he was before. Now all he has to worry about is not becoming the bank for all of his families wants and needs as well as keeping good track of his spending versus accrued interest and investment r
Dec 14, 2010, 9:55 am - OldSchoolPa - Lottery News

stupid lottery questions.Reply
thanks for the answers. like i said earlier..i hope i have these problems to worry about someday. also i was talking to a friend of mine and when the powerball was $100+ million he said he would take the cash and i would take the annuity. he said what if the lottery went bankrupt and you were getting annuity payments... is that possible and would your winnings be affected if they did go belly up?
Oct 28, 2010, 10:14 pm - a2001kx - Lottery Discussion Forum

Fire destroys car of Powerball lottery winnerReply
yeaH THE ADVERTISED JACKPOT IS ANNUITY , but not taxes. so if he had taken annuity he would get 25 mill over the years but had to pay tax ea year. on what he gets.so woulda been $25 mill over 25 years minus tax. i think the trick is to figure if you can do better with the money than the gov in the intervening 25 years. most people feel they can, and take the lump sum. what with interest rates being what they are over there in USA and UK even, i dont think i could find a safe place to inv
Jul 12, 2010, 11:16 am - savagegoose - Lottery News

No winner, but the prize goes down?Reply
The cash value is the same; I'd assume that the actual cash value went up a little, but not enough to change the tenths-of-a-million number (unless ticket sales were unexpectedly low). The anniutized value going down seems to go against convention, but it could be explained by lower expected return in the annuity. If the interest rates expected this week are lower than the rates expected last week, that may decrease the expected return on the money in the jackpot pool and thereby lower the total
May 17, 2010, 10:41 pm - Longarm - Jackpot Games Forum

Lottery Winner's Plans? Paying the BillsReply
Curious---assuming your scenario comes to fruition, doesn't that mean the 'dollar' becomes virtually worthless, whether it's 'dollars' coming to you every year from an annuity for 30 years or 'dollars' already paid out to you with a cash option? I mean, either way...aren't we all basically screwed if our 'dollars'...no matter how many of them we have or the time frame we collect them in, are worthless when 'the colossal house of cards' collapse based on our foreign debt? So what's the diff
Apr 24, 2010, 2:13 am - McCaskey - Lottery News

Powerball outmuscles Mega Millions in sales, jackpotsReply
Here's my plan: Win the PB tonight and take the annuity of about $4.75 million the first year, increasing by about 4% annually to around $14.26 million in year 29. Then, of course, take the cash option of $101 million when I win the MM on Friday. Approximately $352 million total payout before taxes. The best of both worlds. A huge initial amount to splurge and then a continuously increasing large amount for the next 25+ years. Other way... $121 million cash option from PB and
Apr 21, 2010, 7:29 pm - ScubaGolfJim - Lottery News

Winning the Jackpot and taxes.Reply
When I say that taxes have traditionally been based on 50%, I'm referring to the genus of all taxation, the spice trade through the middle east where city states would seize half of a merchant's wares whenever they stopped in town to resupply. This 50% mark is reflected in the taxation laws of virtually every country in some ways and at some point in time has been and/or will be the maximum taxation rate. The 50% mark is most often seen in corporate taxes where they are less likely to alarm the
Feb 25, 2010, 1:51 pm - jwhou - Lottery Discussion Forum