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Wisconsin factory workers win $208M Powerball lotteryReply
I guess I'm not doing a very good job of explaining this. No, it does not have to be unanimous. One person can take the cash, one person can take the annuity. I'm guessing that you might think that the lottery already has all of the money in the annuity amount. It does not. The annuity is created with future interest earnings. The only thing that the lottery has is the cash amount. The cash amount is first split among all of the winners (just in the lottery's head at this point, not act
Aug 10, 2006, 10:39 am - chuck32 - Lottery News

CALottery changing up SLP?Reply
Great find, James78! Thanks for being on top of it. Here is the text of the memo, the bold has been added by me: ISSUE The California State Lottery (Lottery) proposes regulation amendments to modify the SuperLotto Plus annuity structure to a 5 percent graduated annuity rate, which will reduce the prize expense and increase funding for education. BACKGROUND Currently, SuperLotto Plus has a 4 percent graduated annuity whereas Mega Millions and Powerball have a 5
Nov 21, 2019, 1:01 am - cottoneyedjoe - Lottery Discussion Forum

Cash Vs Annuity PaymentsReply
While it is true that the received sum of cash option is currently relatively at highest level in history, due to very low interest rates, decisive calculation results tend to appear be more favourable for cash option with direct comparison to annuity today - but only on a short term basis. Today cash option or fast-track to riches still is discounted, below par level when compared to annuity which is slow-track . Capital difference at its minimum now, but what matters are taxes a
Feb 26, 2012, 9:29 am - jones69 - Lottery Discussion Forum

Michigan woman buys the last three lottery tickets on the roll, wins $1 millionReply
Annuity scam. 30% haircut.
Jun 8, 2026, 2:50 pm - Tucker Black - Lottery News

Annuity or Cash Value
Cash values of the MM PB jackpots are around 45% of the advertised Annuity. What would be your choice ?
May 8, 2026, 11:49 am - CDanaT - Lottery Discussion Forum

Roll overReply
The cash value goes up with sales (27.6305% to be exact). Then, they calculate what the annuity value is based on that cash prize and current interest rates. If interest rates go up, the sum total of annuity payments goes up. If interest rates go down, the sum total of annuity payments goes down. It would be nice if these lottery games would just advertise the cash value, and let the winner decide to put the money into an annuity, or not. The sum total of annuity payments under whatever inve
Feb 14, 2026, 2:15 pm - Tucker Black - Lottery Discussion Forum

Michigan man claims record $32.9 million Lotto 47 jackpot with numbers he's used for 20 yearsReply
The age of the winner is irrelevant, because the prize is a 30 year term certain annuity, not a life annuity.
Jan 14, 2026, 2:28 am - Tucker Black - Lottery News

$1.5 BILLION: Massive Powerball jackpot fuels rush for ticketsReply
I see the cash option was updated, it is now $689.3 million. The annuity is still $1.5 billion. Will it be raised again tomorrow before the drawing? The interest rate has dropped slightly, so each cash dollar will now buy $2.176 worth of annuity instead of $2.185 worth of annuity. Players are wildly unlikely to buy a different number of tickets because of a change in interest rate so it seems wildly unlikely that a legitimate sales forecast was revised upward exactly as much as require
Dec 19, 2025, 3:39 pm - KY Floyd - Lottery News

$1.1 BILLION: Powerball jackpot increased in longest-ever winless streakReply
@ David King I've pondered the annuity vs lump sum debate as well. Ultimately, the lump sum gives you greater flexibility, and more scope to achieve higher returns than the annuity, and faster. However, if you were under 30 then I think the annuity would be more attractive. There's something very comforting in knowing that even if you blew a few million $$$ this year on bad property, bad investments, or harebrained career schemes, you only had to wait a few more months to be financially redeemed
Dec 16, 2025, 4:37 pm - Barramundi - Lottery News

Are you playing Mega Millions with the $5.00 per play?Reply
I'm too generous with MM annuity.
Oct 1, 2025, 11:45 am - JADELottery - Lottery Discussion Forum