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Can U dig $128m next TU ? MM ROLLED OVERReply
There is no universal and clear answer to question of Annuity or Cash. The answer is that it depends and varies from person to person and every one has right to say how and what he/she feels as long as it does not offend others. But the real answer is that both the answers are correct in their own way. Annuity is good for 1)The person just does not want to worry about management of money and he has various other activities which he/she thinks are better for him and does not want to spend time
Oct 22, 2005, 9:45 pm - rlevins - Lottery Discussion Forum

Powerball lottery madness spreads to big mediaReply
When Jack Whittaker won there was $170 million dollars to give away and this time there's only $165 million. That's not a record to anyone with a wit of sense, regardless of what they do with the money before they start writing checks.So, you're saying that in dollars that exist on the day of the drawing the Powerball jackpot is actually $5M smaller than the largest in the past as measured on the same yardstick.Maybe you should start an ongoing thread keeping track of jackpot sizes using this ya
Oct 19, 2005, 8:26 am - Rip Snorter - Lottery News

Powerball lottery madness spreads to big mediaReply
Excellent point. I could offer a billion dollars in exchange for a modest investment of $1000 and still put most of the $1000 in my own pocket.Anybody who wins Powerball could also buy an annuity that would eventually pay out far more than the advertised jackpot, but there's no such thing as a free lunch. Whatever you get has to be paid for with the cash that's available.I'll also point out that the billion dollar prize offered by Pepsi isn't the only large payout offered but never delivered.Lo
Oct 19, 2005, 2:07 am - KY Floyd - Lottery News

Powerball lottery madness spreads to big mediaReply
Hmmm. Wonder who defines the criteria for what constitutes the 'record' for the highest jackpot. I suppose there must be an official body of citizens out there somewhere, non-partisanl lottery players no doubt, who examine all the evidence, weigh the special interests, and debate the issues: Ya. We use annuity claims to decide what's the largest. NONONONO.... annuities don't count if the person accepts the lump sum.... it's apples and oranges you're comparing, Rufus! The actual amount the wi
Oct 19, 2005, 12:04 am - Rip Snorter - Lottery News

Probability of a Rollover in Powerball.Reply
It has been difficult to estimate the overall probability of a record breaking jackpot because the changed game does seem to have effected sales figures considerably. The assumptions in my last post on this subject have probably not been validated by events.In order to meet or exceed Whitaker's jackpot, powerball would need to sell about $280M worth of tickets more than have already been sold. The last three drawings of a jackpot advertised as being greater than $150 million (annuity), which en
Sep 29, 2005, 1:07 pm - Prob988 - Jackpot Games Forum

Is PB inferior to MM?Reply
Thank you for your interest in my interest, some LP members!The major thrust for me to happen to calculate PB MM's expected values was just my curiosity, which all of a sudden occurred in my mind while reading the LP posts talking about the lower cash value ratio of PB in compared to that of MM, and some seemingly conflicting opinions on the attractiveness of cash and annuity.First of all, income tax was the most tricky factor in calculating the corresponding expected values, largely because
Sep 27, 2005, 7:27 pm - anonymous77 - Lottery Discussion Forum

Financial analyst looks at lottery jackpot cash/annuity optionsReply
I agree with you that there's something a bit strange, almost sick, in the partisanship concerning how winners should handle their money. All the drumbeats, table-pounding and opinions strong enough to pass for religion aren't a kind of behavior easily explained within my own mind.To be honest, if I were younger, if the occasion was right, I might take the annuity, if I didn't hold the certainty that these people can't be trusted. I believe they're deliberately attempting to give a false impre
Aug 27, 2005, 7:42 am - Rip Snorter - Lottery News

Financial analyst looks at lottery jackpot cash/annuity optionsReply
It seems as though no one really has a notion as to what the proper thing to do is; that's human nature. The best thing to do is what YOU think is best for you. However, you might want to consider getting professional help from a financial lawyer, and an accountant. As to the question of Lump Sum or Annuity , I have not seen anyone address the Tax situation. In most cases, if a lottery winning is taken as an annuity, the proceeds are generally considered income , and with a good
Aug 26, 2005, 11:38 pm - mtncharlie - Lottery News

General question(s)
Hey all...Lottery (and forum) neub here. I haven't been able to find an answer to this question so here goes...Let's say I win a powerball jackpot (10 million plus). Let's say I'm at the Lottery office when the doors open (as I most certainly would be, signed ticket in hand). How much time elapses between the moment I say I think I have a jackpot winning ticket , and the moment I actually have cash in my possession? What is the process?And if you could clarify me on something... I have seen a l
Jun 29, 2005, 7:29 pm - notice - Lottery Discussion Forum

Lottery winner claims simplicity is key to happy lifeReply
the people who say they want to invest. well, you can invest the annual amount you receive each year. You get $2 or $3 million each year, you DON'T have to spend it all. Throw half of it into the stock market or a business or whatever. But, if you screw up and lose it in some stupid investment (we all have a learning curve, you know?) then at least you won't have lost ALL your money. You still have the next annual check coming for $2 or $3 million. it's just that sometimes people must thi
Jun 19, 2005, 1:17 pm - ChazzMatt - Lottery News