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Millionaire for Life multi-state lottery game to replace Cash4Life and Lucky for Life in FebruaryReply
Well there is quite a range of opinions on mil 4 life here in this forum. First off thanks Kate for the info! I'm a lucky 4 life player but, I only play on mon and or thur when the pb and or mm is less than 250 mil (tho' I m thinking of raising the threshold to 300 or 350 mil). I'm sorta a traditionalist on the Monday and Thursday thing as the original drawings were held on these two days Now that the price has increased I will change one criteria .... that is I'll definitely o
Jan 24, 2026, 9:45 pm - ShagE3 - Lottery News

New York man turns grocery run into $3 million lottery annuityNews Story
Winner opts for 20 years of payments over lump sum By Kate Northrop A simple visit to the grocery store turned into a $3 million annuitized payday after a New York man decided to buy a lottery ticket. A New York man won a $3 million top prize on a scratch-off ticket he purchased at the supermarket, a prize that he decided he would take full advantage of. Kurt Kelleher of Shirley was at King Kullen on William Floyd Parkway in Shirley when he thought to try out the New York Lottery
Nov 14, 2025, 9:05 am - Todd - Lottery News

Are you playing Mega Millions with the $5.00 per play?Reply
Yes, it's very telling the advertised jackpot increase is only $10 M after 8 rollovers. Do you understand how the game and its financing work? Both PB and MM have always started with artificially high jackpots that aren't fully funded, and never had more than the minimum increase until there's enough cash to fully fund the jackpot. The smaller jackpot of the old format was funded quickly. With the new format the jackpot would remain artificially high for more drawings with exactly the same
Jul 27, 2025, 5:17 am - KY Floyd - Lottery Discussion Forum

New Mega Millions game reports 300% increase in non-jackpot prizes in first monthReply
They had to, we were calling them out on it. They had to, because the jackpot is based on how much cash they have, and as of tonight they have enough cash to fund a $122 million annuity. They are selling less tickets but bringing in more money. I don't know why so many people seem confused. What's happening is pretty much exactly what happened when PB added a 3rd drawing. Fewer tickets were sold for the Wednesday and Saturday drawings, but sales for Monday drawings increased the to
May 16, 2025, 5:59 pm - KY Floyd - Lottery News

$935 MILLION: Powerball lottery jackpot nears billion-dollar milestoneReply
I feel this pot going to climb into the top 3 Maybe, but it needs to almost double, to about 1.815 billion to be in the real top 3, based on the current cash:annuity ratio. It will reach a billion by Saturday for sure. That would require actual sales to be almost twice as much as the original forecast. Call me crazy, but I think that seems just a tiny bit unlikely. Considering the odds are even higher for mega millions than they are for Powerball ... The very high odds for
Mar 29, 2024, 4:48 pm - KY Floyd - Lottery News

$910 MILLION: Mega Millions lottery jackpot making another historic runReply
Disclaimer : The below is not tax advice and should not be construed as such. There are I think around 8 states that don't tax lottery winnings. However, one will still have to pay federal taxes which max out at 37% depending on the amount won and marital status. That and the fact that different states tax lottery winnings at different percentages makes it hard to have a one hat fits all approach to taxes on lottery winnings. However, this forum has done a good job of showing the tax
Jul 27, 2023, 12:30 pm - JustMaybe - Lottery News

Iowa man claims largest Lotto America jackpot at $40 millionReply
This will help you understand better: How-to-Play/Difference-Between-Cash-Value-and-Annuity.aspx Difference Between Cash Value and Annuity If you win a Mega Millions jackpot, you will choose how to be paid: Cash Option or Annual Payout. Prize claim parameters vary from state to state. Contact your Mega Millions lottery for detailed information. Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Each payment is 5% bigg
Apr 11, 2023, 3:33 pm - TheMeatman2005 - Lottery News

$800 MILLION: Powerball lottery jackpot surges on rolloverReply
any wagers on the odds of it hitting a billion dollars The upside of sluggish sales is that there's a very good chance we'll see another rollover on Saturday night and if it rolls the next jackpot will almost certainly be over a billion. If the advertised jackpot reaches 850 by the time this one is done there will be about 111 million tickets in play. If all of those tickets were chosen randomly the chance of a rollover would be almost 70%. If it makes it to 900 million (I'd guess it's
Oct 28, 2022, 1:33 am - KY Floyd - Lottery News

Shocking take home Lottery Winnings after taxes and fees you have heard of? O.OReply
Taxes. Tomorrow's Mega is $53 million if you choose the annuity. It's 38.5 million if you choose cash option. The feds will automatically take 24% either way. Since you'll only get $1,766,667 on the annuity the feds take $424,000 and you'll still owe $193,739 to make up the 37% tax difference. If you take the cash option ($38.5 million), the feds take $9,240,000 and you owe $4,969,072 at the end of the year to make 37%. Annuity banks $1,148,929. Cash option banks $2
Nov 11, 2021, 10:06 pm - garyo1954 - Lottery Discussion Forum

Powerball to lower jackpot starting point and increases due to plunge in salesNews Story
Coronavirus strikes again Today the Powerball Product Group announced it is making changes to the multi-state lottery game's jackpot due to sagging sales caused by the COVID-19 coronavirus. Following the next grand prize win, Powerball's starting jackpot will reset to a guaranteed $20 million (annuity) with minimum roll increases of $2 million between drawings. Previously the starting point was $40 million, with guaranteed $10 million increases between drawings that did not produce a ja
Mar 25, 2020, 5:57 pm - Todd - Lottery News