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Can you see yourself selling your winning MM/PB ticket to JGWentworth etc?Reply
Many people do not realize that in the cash option for PB was introduced in 1997. Winners before that time had no choice but to accept the annuity.
May 22, 2013, 3:04 pm - Jill34786 - Lottery Discussion Forum

IL is so broke they can't even pay of lottery winners without bouncing the checks!!Reply
lottery will pay for any bank fees that occurred because of the checks. at lest they cover the damage, just normal idiots in charge messing up story however i like to add, lottery is one of must trusted ways to get paid for instant, did u know in PB the annuity is a contract of u and ALL the state lotteries promise to PAY u x amount even if the treasury bills fail,they invest the money into special t bills............ the states MUST pay u, u got not only fed govt with t
May 22, 2013, 10:43 am - joshuacloak - Lottery Discussion Forum

Annuity or Lump Sum?Reply
Lump sump payout recipients are not the only ones responsible for taxes from future investments or earnings. Those who choose the annuity and invest will be obligated as well.
May 21, 2013, 2:02 pm - Jill34786 - Lottery Discussion Forum

Record Powerball jackpot won by 1 ticketReply
Ok yeah, I really need to be a financial genius to buy a piece of land or put some money in a mutual fund. And oh yeah, if I wanted an annuity I would certainly need the state of AZ to get it for me.
May 19, 2013, 4:13 pm - Ronnie316 - Lottery News

Record Powerball jackpot won by 1 ticketReply
Florida: No State Tax on Lottery Prizes! Your average net per year: $14,762,500 Your net payout: $282,675,000 After 30 payments: $442,875,000 Annuity Payment Schedule Georgia: 6% State Tax - $1,181,000 - $22,614,000 Your average net per year: $13,581,500 Your net payout: $260,061,000 After 30 payments: $407,445,000 Annuity Payment Schedule Idaho: 7.8% State Tax - $1,535,300 - $29,398,200 Your average net per year: $13,22
May 19, 2013, 11:38 am - Ronnie316 - Lottery News

Record Powerball jackpot won by 1 ticketReply
I was just going to post that link. In the American games the advertised jackpot amount is the annuity value before taxes. Europeans and Canadians have the best lottery games. For their games, the advertised jackpot amount is the cash value after taxes.
May 19, 2013, 5:34 am - whiteballz - Lottery News

I predict a new Currently on Line Record tonightReply
the annuity record will be broken tonight. The cash value is a different story as PB would have to reach $750 million to just to match MM's record cash payout of $471 million.
May 18, 2013, 3:58 pm - Jill34786 - Lottery Discussion Forum

$600 MILLION: Biggest Powerball jackpot everReply
It would be great to have both the annuity and lump sum record broken tonight. I'm going to get a few more tickets today to help the cause.
May 18, 2013, 3:58 am - whiteballz - Lottery News

Annuity or Lump Sum?Reply
I am taking the cash because I am afraid that the powers that be in washington are going to want more tax dollars over the life of the annuity. So forget paying higher taxes every year and pay only once with the lump sum. Now winning is the hard part.-weshar75
May 18, 2013, 12:08 am - weshar75 - Lottery Discussion Forum

Annuity or Lump Sum?Reply
The PB annuity is heavily back loaded over the 30 yearly payments. The current $600 million jackpot pays out in year 1 a pre-tax amount which is a bit over $10 Million. A $15 million payment doesn't even come until year 10. Payment 28-30 are each over $30 million pre-tax and there is no telling what the tax rate will be at that time.
May 17, 2013, 9:32 pm - Jill34786 - Lottery Discussion Forum