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POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
$868 million...that's it....no 1.4 bilion exists , yet....IF you take the annuity, they'll gladly pay you in payments while the interest and taxes fluctuate for 30 years...LOL How do they get away with this lie of 1.4 billion? LOL! $500 million of that number DOESN'T exist!
Jan 12, 2016, 2:20 am - JAMORA - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
In Indiana anyone claiming on the same ticket has to choose the same option. So you have to pick cash or annuity. It will be in your states rules and regulations for the lottery.
Jan 11, 2016, 5:07 pm - Saylorgirl - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
. I've been thinking of annuity vs. cash payment. Annuity: more efficient spending of your doggone money Cash option: Will pretty much prevent the rare/unlikely event of an IRS computer getting a glitch, and erroneously printing some notice for you to report your local irs office.
Jan 11, 2016, 4:07 pm - Groppo - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
That matches my reasoning fairly well. Add in the fact that I do expect to live at least 30 more years (given my age and family history, 60 more years is entirely possible), and I'm also leaning toward the annuity.
Jan 11, 2016, 2:14 pm - Murgatroyd - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
Possibly higher future tax rates and estate tax issues for beneficiaries if I died before it was payed out are the two concerns I'd have with taking the annuity. Otherwise I would elect that option if I won this jackpot.
Jan 11, 2016, 11:43 am - Albeone - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
The Wednesday night PB clearly set a new record by a wide margin in terms of the cash value and the advertised annuity, but MM still has two records that offer some insight into what's possible. Through the Wednesday drawing PB sold a total of 956,583,464 tickets. The run leading to the MM record of $656 million (annuity) sold 1,491,082,270 tickets. That's 56% more tickets before producing a winner. Powerball needs to sell almost 535 million more tickets without a winner to beat that record.
Jan 11, 2016, 1:11 am - KY Floyd - Lottery News

Are you ready for the attention?Reply
Yup, averages. But the annuity increases only 4% per year according to the Powerball Letters and Answers page. Is there a page that shows an example of the graduated scale from first payment to last payment?
Jan 10, 2016, 10:10 pm - AlecWest - Lottery Discussion Forum

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
For anyone thinking of taking the annuity I highly recommend the book: Money for Nothing: One Man's Journey through the Dark Side of Lottery Millions By Edward Ugel For about 10 years he worked for one of those companies that bought annuities from lottery winners. The book has some funny moments but it overall made me sick and sad to see how these people were hounded. The reason I recommend it, though, is so people can get a sense of what the people who have annuities face and why they dec
Jan 10, 2016, 9:14 pm - LottoLucy - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
The jackpot is misleading as it doesn't exist beyond the $806 million cash payout....the remainder of the so-called $1.3 billion doesn't exist yet...if you take the annuity, they hold the majority of the existing cash prize and pay you interest on it over 30 years....might as well get the cash payout and invest it yourself...
Jan 10, 2016, 8:49 pm - JAMORA - Lottery News

POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOTReply
yes! I had gone back and forth re: annuity (although my choice really did not matter as dh yells CASH in the background) - and the current low tax rate is what pushed me over (ok dh pushed me over ... just dont tell him).
Jan 10, 2016, 8:44 pm - maximumfun - Lottery News