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South Carolina man wins $10 million lottery prize during lunch breakReply
billybucks, I calculated that if you multiply tonight's MM Annuity by .63 that equals = $263,3000,000.00 The MM annuity tonight is $418,000,000.00 You pay 37% taxes on it and the result equals the Cash Lump Sum = $263,300,000.00 Understand? The taxes will be paid. The Annuity grows tax free. Uncle Sam gets his cut either way. The tax rate is low now. Nobody knows what they will be in the future. I have to factor in my age and health. I do not want to leave my heirs a tax head
May 28, 2019, 11:41 pm - music* - Lottery News

Mega Millions $252,000,000.00Reply
Those unforeseen things happening I cannot even predict what will happen five minutes in the future. Billy Bob Harrell used one of those structured settlement companies before he committed suicide. He lived in Texas. James Gatzke of Chicago, IL is probably still living a good life with the annuity. William Bud Post III died from lung cancer and he was given the annuity. He grew up and had a hard life and that was shown with how he spent his $16.2 million Annuity. On the o
Sep 19, 2018, 11:40 pm - music* - Lottery Discussion Forum

The Lottery Changed My LifeReply
Yes, it's a goodly sum of money; that's why I wrote much , comparing his win against even the starting points of the two national lotteries. I know many folks won't play the lottery until it gets on up there , 100+ million bucks. Wasn't it just a bit over a yr. ago when we were all fantasizing about winning $1.5 billion? I think I enjoy his story so much because I identify with him in so many ways; I've been nearly as broke as he was at the time he won and we are both older guys who recent
Apr 29, 2018, 2:50 pm - mikeintexas - Lottery Discussion Forum

I am CONVINCED only way you WIN BIG if they let you win!Reply
Big numbers for sure, but there could still be plausible reasons to rig such drawings in some instances: Base jackpots (ie. PB and MM $40 million annuity; ~$25 million cash) generally start deep in the red. Takes several roll-overs for MM (no minimum guaranteed jackpot increase), and potentially even more for PB (guaranteed jackpot increases of $10 million annuity; ~6.2 million cash per draw). Early jackpot hits can be costly. The now retired Monopoly Millionaire $5 draw game was a prime exa
Dec 31, 2017, 1:54 pm - Ron5995 - Lottery Discussion Forum

$348 MILLION: April misses bring May richesReply
Funny, big time financial gurus from Wallstreet recommend you don't follow the herd taking the lump sum or you might end up broke and it makes sense. If you don't have the financial background at the time you claim, it is silly to take the lump sum. You will most likely live a life of stress, lose your money to the wolves in the financial and law department, divorce, get in debt, killed, used and all those goodies. Most people who think they know what to do with their jackpot money here don't ha
May 5, 2016, 11:54 am - One-Day - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
Greetings .... Given this latest development, I'd rather see the annuitized jackpot frozen at $ 900 million and let the excess be spread over the lower prizes. Of course, there are those who would not even dare think of touching that idea. Even so, how would you feel if the 2nd prize was worth at least say $ 5,000,000. We'll imagine that at draw time its worth is $ 6,840,000. Assume your ticket is not shared with anybody, so you have the choice of a $ 4,240,800 cash option payout -OR- a fi
Jan 10, 2016, 2:38 am - frank0sport16 - Lottery News

60 days to decide if lump sum or annuity, 180 days to claim. Huh?Reply
From the Powerball FAQ page, about 2/3 down the page: HOW LONG DOES IT TAKE TO GET MY MONEY? It takes up to two weeks to collect the cash from the stores around the nation. If you go to the lottery to claim your prize after that two weeks, then, in many states, you can generally have the jackpot money (all cash or the first of the annual payments) hit your bank account the next day - maybe the following day if you come to the lottery office very late in the day. Some lotteries must w
Jan 8, 2016, 2:44 am - mikeintexas - Lottery Discussion Forum

Something strange with Megabucks Doubler GameReply
The cash value went up $80,000 and the fact the annuity value went down $45,000 is just another example of why taking the annuity is a bad idea. The annuity value is what the cash value can get over a period of time and interest rates very from month to month. Draw # Date Winning # ST Doubler Jackpot Amount Jackpot Winners Where sold Video 3308 05/30/2015 02-07-09-11-29-34 4 $2,105,329 None 3307 05/27/2015 02-09-21-33-37-46 1 $2,150,072 None 3306 05/23/2015 12-20-24-29-31-32 7
May 31, 2015, 4:03 pm - Stack47 - Jackpot Games Forum

$189 MILLION: Mega Millions jackpot rolls againReply
MM used to have a few billion in sales, but the reason they're changing the game is that those days are gone. The current run took 14 drawings to reach a jackpot of $119 million (annuity, of course). At the current annuity to cash ratio that $119 million was just under $82 million cash. That represents sales of about 259 million tickets, which just happens to match the odds for the new format. At $1 per ticket, it took them 7 weeks to generate just under $260 million in revenue. At that rate
Sep 28, 2013, 11:48 pm - KY Floyd - Lottery News

Rollover probabilities for Powerball at $400M annuity.
The Powerball jackpot is advertised as a 400M annuity jackpot. This means, based on cash values of this jackpot and the previous jackpot that the lottery anticipates sales of $145.6M or about 72.8M tickets. If these projections are accurate, the probability of various numbers of winners is as follows: k, number of winners p(m,k) 0 66.04% 1 27.40% 2 5.68% 3 0.79% 4 0.08% 5 0.01% The expectation value - with 1.00 being thought of as a good bet - is 0.75.
Sep 15, 2013, 9:17 am - Prob988 - Jackpot Games Forum