Search

$260 MILLION: Powerball lottery jackpot surgesReply
With a $260 million jackpot I am thinking that the annuity looks like a nice option because in your first year it is like $4 million and in your last year it balloons to $14 million. If you are a young person who can wait out the 30 years it would be a good option. Come on my ticket!!!!!!!!!!!!!!-weshar75
Mar 17, 2013, 7:23 pm - weshar75 - Lottery News

If you really were brave/crazy enough to choose the annunity...Reply
I would take the annuity. No fuss, no muss. I want to be on a beach somewhere, not worrying about my investments. i'm 35, a few million a year for the next 30 years is more than enough for me. I don't know what i would do with 120 million in one lump sum anyway.
Mar 17, 2013, 8:28 am - Lucky4Life - Lottery Discussion Forum

$216 MILLION: Powerball lottery jackpot rolls againReply
The second prize is not an annuity so you get the whole prize after they withhold 25% for the federal taxes and or about 5% for the state taxes. Most people end up with about 680,000 from the many happy stories I have read.
Mar 14, 2013, 9:53 pm - maringoman - Lottery News

Estimated jackpot vs. Actual cash valueReply
i would also prefer the cash option advertised over than annuity. i can go find my own investments. so maybe both would be better.
Mar 11, 2013, 1:17 pm - savagegoose - Lottery Discussion Forum

if you won over $70 mil- would you settle for the lump sum or annual installmentsReply
I love these lump sum vs annuity discussions almost as much as I love the monthly, would you collect anonymously if you win? discussions.
Mar 7, 2013, 12:27 pm - whiteballz - Lottery Discussion Forum

if you won over $70 mil- would you settle for the lump sum or annual installmentsReply
Don't be so sure taking the annual installment option will make you smarter about spending your winnings. Winners can still foolishly borrow against the future annuity payments.
Mar 7, 2013, 7:34 am - ryanm - Lottery Discussion Forum

if you won over $70 mil- would you settle for the lump sum or annual installmentsReply
Depends on the length of the annuity. 25 years maybe, 30+ years maybe not. I'll cross that bridge when I come to it.
Mar 7, 2013, 1:11 am - RJOh - Lottery Discussion Forum

if you won over $70 mil- would you settle for the lump sum or annual installmentsReply
Yep (basically), but if you blew it all before paying your taxes the first year, you'll be tapping into the next installment right away just to cover your 1st years tax bill. Get a good accountant and financial planner... first. If you got a good one, then you'll know which payment to take- lump sum or annuity- most go for the lump sum for a variety of reasons.
Mar 6, 2013, 10:43 pm - Romancandle - Lottery Discussion Forum

It now appears certain that Megamillions will go 6 months...Reply
For Mega Millions' jackpots to be comparable to Powerball's, and considering Mega's different annuity structure and ticket price, its jackpots should start at $16 million and increase by at least $4 million every draw there is no winner.
Mar 6, 2013, 7:48 am - ryanm - Jackpot Games Forum

Defense worker wins $217 million Powerball jackpotReply
They got a $136.4 million cash option, so it sounds like the actual annuity prize was $217 million. Sales must have been very brisk before the drawing.
Feb 18, 2013, 11:33 am - Ronnie316 - Lottery News