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Lottery winner claims simplicity is key to happy lifeReply
I'm glad they didn't take the lump sum. People can argue all they want about taking the cash -- but these people are getting a nice stream of income -$1.5 - 2.0 million a year AFTER TAXES. If they don't spend all of it each year, they can invest the remainder to make even more money. If they do spend it all, then they have more coming the next year. Simple and keeps you from doing something stupid with all your money. And they hired financial advisors, probably to get less of a tax bite.
Jun 15, 2005, 1:19 am - ChazzMatt - Lottery News

cash vs. annuityReply
If I won the Lotto South annuity of $ 5 million and purchased a regular house ($ 600 K) in my area, I would keep far more of my money than if I took the winnings in a lump-sum. It would cost me about $50 K in the first year to finance the purchase and pay the real estate taxes, all of which are deductible. Add on the deductions for health insurance, medical savings accounts, property taxes, etc., and I would have about a third of lottery income sheltered from the federal and state income taxes w
Jun 3, 2005, 11:43 am - lchoro - Lottery Discussion Forum

How much do you play per drawing?Reply
I do choose lump sum over annuity, for several reasons:1. I want total control over how the money is invested.2. I can get a better return than if I took the annuity.3. I can better budget by knowing exactly how much money I have been blessed with.4. I have specific plans and purposes that I feel I am being led to use the money for which require the lump sum.5. One dollar is worth more now than one dollar 26 years from now.6. How do I know that the lottery agency is still going to be able
May 31, 2005, 7:38 pm - danisiri - Lottery Discussion Forum

Powerball wants your opinion.Reply
I am also lukewarm to the idea. I am just curious to see if this Blue Game is started, if Powerball will be able to maintain the minimum $5 Million dollar increase per drawing. Creating a new game may hurt Powerball sales and sales may not justify the increase in the next drawing. On the other hand, people may not be able to justify spending $2 on the Blue Game when the jackpot is really low and will stick with Powerball. It will be interesting to see what people will do when the Blue Game
May 15, 2005, 9:59 am - whodeani - Lottery Discussion Forum

cash vs. annuityReply
I agree that cash is the best option just because it gets you out of the hands of the state and puts you in control of your money and gives you real freedom here and now. But I don't think you would come out ahead financially. Feel free to prove me wrong, but I have never seen any article or explanation from any of the cash only people on here about how you would equal the annuity payments by investing your lump sum. There must be some accountant or investment banker on here that can explain
Mar 30, 2005, 9:01 am - tg636 - Lottery Discussion Forum

cash vs. annuityReply
You win Powerball, you meet with an investment consultant before you even head down to claim your winnings. If you don't have one, call one of the larger companies (Merrill Lynch, Prudential, etc). They can assess the situation for you. You want lower-risk investments that yield lower interest rates? You want to take some of your newly found cash and play with some risky high return stuff? You want to put it all in a tax-free shelter and pull what you absolutely need from it? Anyway you sli
Mar 9, 2005, 10:37 pm - secretagent - Lottery Discussion Forum

MUSL- My Way.
Here is what I would do to change the games that the MUSL offers.Powerball: Change the matrix to 5/55 and 1/50. Increase the starting jackpot to $20 million annuity.Hot Lotto: Change the matrix to 5/45 and 1/27. Increase the starting jackpot to $2 million annuity. Drawings would take place Mondays, Wednesdays, and Fridays.Wild Card 2: Keep the 2 plays for $1. Change the matrix to 5/40 and 1/28 (8 through Ace of every suit, instead of just the Royal cards). Add a Joker feature. In the dvent that
Feb 2, 2005, 2:50 am - DoctorEw220 - Lottery Discussion Forum

any predictions for mega millions?
i was wondering if anyone on here has any predictions for the mega millions drawing? how do you interpret youre dreams for getting numbers to play for the drawings? like objects,people ,animals,cars,weather? i have some weird dreams. once i dreamt i was in georgia(with a friend)trying to show her how to play,i couldn't get my ticket,i tried to fill it in and it scratched through the paper,and i said that was okay i had already won about 60-90 million(after taxes),and i took the cash option,wh
Oct 20, 2004, 3:25 am - luckylottolady - Mystical Forum

Pepsi Billions... cash or annuity?Reply
hi. i would take the annuity if i won,i am 34 now. i wouldn't mind waiting and i would have something to look forward too,and i could use the excuse of not having anymore money if someone asked to borrow some,i could live with 5 million a year. how much could you possibly spend all at once? on the other hand the 250 million cash option would be nice too,but i dont see how you can come up with over 11 billion with 1-% interest rate. what about the bank in new york(dont know if it is still there
Jul 21, 2004, 4:14 am - phantomrainbow - Lottery Discussion Forum

Lottery players rushing to play Mega MillionsReply
If she matches all six numbers, she will have something to think about: whether to receive her money at once - and lose a significant amount of her winnings - or take 26 annual increments. This statement is so misleading or the person who wrote this article doesn't know what the heck he or she is talking about. You don't lose any amount of money by taking the lump sum. When you take the lump sum you are getting the same amount that the lottery commission puts into an account and invests (minus
Jul 1, 2004, 12:30 pm - whodeani - Lottery News