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Payments are not that bad.Reply
No Powerball's annuity is much worse. It's a back loaded annuity. This means that you have to wait for a real long time before seeing any money. It takes far less cash to set up a back loaded annuity so you actually get less money even in the long run. It does count inflation in that's the real reason you get far less. Second if you die before the annuity the IRS forces a sale of the annuity to collect income/death tax. The only way around that is if you were smart enough to take cash and get
Feb 21, 2006, 3:06 pm - dvdiva - Jackpot Games Forum

Californians targeted by Spanish lottery scamReply
also, I think everyone who actually plays the various state and mega-state lotteries here in the U.S. know that the winnings are paid out in installments. Even the old Ed Mahon magazine YOU ARE A WINNER sweepstakes were paid in installments -- including the sweepstakes from Reader's Digest. I remember my mom always waited for someone to knock on the door. :) And we all knew that NOBODY was handed a real check for millions of dollars. It was a large photo op check with the real money paid
Dec 3, 2005, 5:23 am - ChazzMatt - Lottery News

Uncle Sam Wins Your Lottery
This topic is of interest to all Lottery Post members, whether you are for cash (lump sum) or Annuity. Todays Washington Post (go to www.washingtonpost.com) in the business section under the Cash Flow Subject/title. Several issues come up in this article, one is the number of winners who opt for annuity and then in a year or two sell their annual payments to a rip off but legal entity who gets a big chunk of their winnings. The woman example won $17.5 in 26 payments. She sold her annuity pay
Nov 27, 2005, 4:14 pm - delS - Lottery Discussion Forum

Probability of a MegaMillions rollover.Reply
The Megamillions has rolled over again, and the cash value has risen. Based on sales, the cash value reached $131.5 and is expected to rise to $153.9, the annuity value from $262 to $310. This means that the lottery expects to sell about $90M tickets. From these values I estimate the probability of various numbers of winners as follows:059.92%130.69%27.86%31.34%40.17%50.02%We now see that the most probable outcome, based on this data, is yet another rollover. The second most probable outcome
Nov 12, 2005, 5:53 am - Prob988 - Jackpot Games Forum

Said & done before but ...Reply
I'll try to answer this before my power goes out for a day a two thanks to Wilma. The self imposed discipline of the annuity would be nice for me. I'm not the spendy type BUT with a major lottery win I think I'd have trouble explaining to friends and family that they didn't win I did*. The annuity would give me another piece to try to reason with them that the winnings are a finite amount spread over a 26 or 30 year period. Another point With the annuity there is a dilemma that affects you for
Oct 24, 2005, 7:05 am - Deadsantaclaus - Lottery Discussion Forum

would you take cash or payments on the PBReply
If you think it's only 25% than you would get a rude awaking on the April after winning. Not to mention how the state tax authorities would take it. Every major winner (over 200 million) took cash. Odds are they consulted lawyers before hand. Since I would also take cash and form a diverse trust I would not be in the market for an annuity. If you felt that you can't handle the money or have a relative you know can't handle the money it's far wiser to set up a perpetual annuity for tham rather th
Oct 13, 2005, 9:25 pm - dvdiva - Lottery Discussion Forum

More On Lotto Trio
I'm seriously thinking of going from lottery to lottery via e-mail and pitching this game. I'm going to post a few situations to get feedback.Situation 1:Jackpots for Monday: Big Easy: $1,400,000 Annuity or $700,000 Cash Classic: $14,000,000 Annuity or $7,000,000 Cash Winner Take All: $9,000,000 Annuity or $4,500,000 Cash A player decides to play his numbers in the Classic pool only. There are also two other pools, the Big Easy and the Winner Take All, all pools have a rolling jackpot. T
Jul 24, 2005, 5:01 am - JimmySand9 - Lottery Discussion Forum

cash vs. annuityReply
Here's my take on the annuity vs lump sum thing. For me it would depend on the jackpot. If I won a small jackpot like the Lottosouth for like 5 mill. I'd take the lump sum. It would end up being about 2.5 mill and then when taxes are taken out it would end up being a check for about 1.65 mill give or take a few hundred thousand. I would then take that money and hand the vast majority of it over to a financial planner to try and be sure that it would last my entire life. Now if I won one of those
Jun 2, 2005, 9:13 am - atlasshrugged - Lottery Discussion Forum

Lottery corruptionReply
Quote: Originally posted by four4me on September 14, 2004Quote: Originally posted by DoctorEw220 on September 14, 2004Quote: Originally posted by CASH Only on August 17, 2004EW:Annuity-only payouts are still a problem where I live.life is how you make of it. if you think annuity-only scratch-offs are a problem, then avoid the problem, or contact the right people, bribe them, and get them offer a cash option on the prizes. it's either that, don't play them, or deal with it. also, you can go to
Sep 14, 2004, 6:18 pm - DoctorEw220 - Instant ("Scratch-Off") Games Forum

Lucky Iraq vet scratches way to lottery richesReply
Cash,With all due respect to you and your feelings on whether a prize should be taken as an annuity or cash option, can you please stop being so negative on the topic? I, for one, am happy for the guy. He knew when he bought the ticket that the top prize was paid via an annuity, he made the choice to purchase, and he won. Now, he will get $200,000 a year (pre-tax) for the rest of his life, with a guaranteed minimum payout of $4 million (pre-tax).The whole structure of a Win for Life style game
Jul 21, 2004, 11:04 am - vincejr - Lottery News