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Massachusetts man is lucky for two lifetimesReply
Great idea!! Its not often that you can do both! Get a bunch of cash and an annuity!
Oct 28, 2014, 5:00 am - kapla - Lottery News

If you won a huge jackpot would you feel obligated to share it?Reply
This would not be a gift, in a lottery pool only ticket win the j/p. An everyone get a equal share and no one sign the ticket. It maybe five or more people in the pool and each can received cash value or annuity. So with a lawyer you should be able to let your family be a shared winner of that ticket.
Oct 14, 2014, 10:54 pm - tib52 - Lottery Discussion Forum

Powerball or Mega MililionsReply
Preferably the MM, but will play both after the 100 million annuity is reached(very little interest in what happens before that figure)....got to know your limitations. Won my money back on the last 3 draws. I asked Santa and he said I was on the nice list...he also told me that rcb is on the naughty list...guess he's gettin coal in the lottery stocking this year !!!!!
Oct 11, 2014, 8:57 am - CDanaT - Lottery Discussion Forum

California nail technician wins $228M Powerball jackpotReply
California does indeed have a 13.3% top tax rate. http://www.bankrate.com/finance/taxes/state-taxes-california.aspx 12.30 percent on taxable income of $508,501 and above. 1 percent surcharge, the Mental Health Services Tax, is collected on taxable incomes of $1 million or more, making California's highest marginal rate 13.30 percent Currently, the state of California does not tax lottery winnings but that could all change. New Jersey went from having zero income tax on lottery wi
Sep 30, 2014, 2:18 am - PrinceRene - Lottery News

California nail technician wins $228M Powerball jackpotReply
If the jackpot is big and I hit it, I would also take the annuity. Getting 4.3 million a year after taxes for 30 years is fine by me. I would never have to worry about being broke. for 30 years. I can blow through $4.3 million and still have another $4.3 million deposited in his account the next year and the following year and on and on and on.
Sep 27, 2014, 5:49 pm - Goteki54 - Lottery News

California nail technician wins $228M Powerball jackpotReply
Came forward already and selected the annuity ??? Hmmmmm, might be interesting to find out how this winner is doing in another 5-10 years.
Sep 27, 2014, 6:57 am - CDanaT - Lottery News

Texas Two StepReply
No matter what state you win in you are going to pay taxes. And both states will withhold a minimum 25% federal taxes. Some states withhold a state tax as well. Can't find anything on the Lucky Millions game in Florida. The Florida Lottery website does list a Lucky Money game, similar to the Texas2Step. If you follow the link to how to claim your prize, it reads, under cash option, Florida offers a one time lump sum payout on the Florida Lottery, Powerball, MegaMillions and Lucky Money games.
Aug 26, 2014, 12:33 am - garyo1954 - Lottery Discussion Forum

Poll: New National Game October 19th - Will You Play?Reply
Are those numbers real? There's no way I'm putting down $5 a ticket for 1 in 72.8 million odds to win $15-25M annuity
Aug 16, 2014, 7:17 pm - Toronto - Lottery Discussion Forum

NY Lottery Lump Sum Payout On Scratch Tickets Is Higher. How Come?Reply
With a fixed $1 million annuity prize, the cash value depends on when the ticket is validated and can change for the reasons you mentioned. A larger discrepancy might be because of the number of payments which changes the amount of cash necessary.
Aug 4, 2014, 11:21 pm - Stack47 - Lottery Discussion Forum

NJ Cash 4 Life
Better if you win jackpot in NJ Cash 4 Life to take Cash Value or Annuity? Would you rather get 365,000 a year every year for the rest of your life or 7 million all at once and be done with it? I think younger people would be better getting the for life deal in this situation. Because it doesn't expire after 30 years like other annuities. It's for life.
Aug 3, 2014, 6:30 am - LottoStud123 - Lottery Discussion Forum