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Winning the Jackpot and taxes.Reply
todays headlines i say go with the cash take these clues budget deficits projected to hit almost $1.6 trillion this year. American reliance on government at all-time high transfer payments from the government such as unemployment checks and Social Security burgeoned by $231 billion to $2.1 trillion. Mean while, the amount of taxes that individual Americans paid plummeted by $325 billion to $2.1 trillion as a result of middle-class tax cuts and because nearly 6 million people wer
Mar 2, 2010, 6:39 pm - joshuacloak - Lottery Discussion Forum

N.C. man claims $141M Powerball lottery jackpotReply
Having an annuity gives the winner an alternative to taking a lump sum payout, which, depending on the winner, could be beneficial. I'd assume age and manageability are the biggest factors.
Mar 1, 2010, 5:08 pm - Guru101 - Lottery News

Except for the 14 million dollar difference in the cash value, MM and PB are almost equivalent.Reply
I agree, Powerball's cash option really isn't worse than Mega Millions', because they both roll at about the same rate now ever since they began cross-selling. Before they began cross-selling, Mega Millions' cash jackpot rolls were quite larger than Powerball's, and Mega Millions' annuity jackpot rolls even outpaced Powerball's then.
Feb 27, 2010, 11:27 am - ryanm - Jackpot Games Forum

If you won the lottery, would you pull a "Tiger Woods?"Reply
yeah i would be a little scared id run amok. its one reason taking an annuity might be a better optin for me. who can say i hope i wouldnt but i know myself. I am easily led astray.
Feb 23, 2010, 3:25 pm - savagegoose - Lottery Discussion Forum

Only $5 million increaseReply
Yes, it looks like the Powerball cash jackpot is rolling just as fast as the Mega Millions cash jackpot now. The reason Mega's looked faster on the second roll is because Mega's cash jackpot starts lower than Powerball's, even with Powerball's inflated annuity.
Feb 14, 2010, 11:33 am - ryanm - Jackpot Games Forum

Mega Millions or Powerball will reach Half a Billion.Reply
It is remotely possible with MM to do that. With that lottery being almost national, it would have unbelievably high sales, almost certainly representing the highest sales figures ever recorded in either of these lotteries. The current record for highest sales was in March of 1997, when MM recorded sales of $212,819,366 on a single draw, the 16th, producing a jackpot of $370,000,000. The annuity jackpot jumped by 95 million dollars. Using a poisson distribution one can show that the approxima
Feb 5, 2010, 5:16 am - Prob988 - Jackpot Games Forum

Dual multi-state lottery sales may keep jackpots lowerReply
They must not teach you about smoke and mirrors at the University of Georgia. Powerball does not calculate its jackpot the same way Mega Millions does. Look at the cash values of the jackpots compared to their annuity values.
Jan 13, 2010, 10:10 pm - Think - Lottery News

So long guysReply
That would do it alright. Ohio once had a rule that the maximum one lottery ticket could win was a $20M annuity regardless of the jackpot size which stopped a lot of people playing the Ohio Super Lotto game. They got rid of that rule when they saw thousands of cars with Ohio tags lined up to play the BigGame and PowerBall in adjacent states.
Jan 1, 2010, 1:53 pm - RJOh - Lottery Discussion Forum

POLL: Mega Millions Jackpot $100,000,000Reply
I would think ticket sales around Christmas time would be hard to predict with its cash value at $100M, the annuity approaching $200M and lots of people dreaming of a Christmas miracle. Where else can they buy such a dream for $1.
Dec 20, 2009, 12:20 pm - RJOh - Jackpot Games Forum

After $10M lottery win, Mass. woman plans 'exceptional Christmas'Reply
well , annuity means if you blow it for 1 year, you only have a year to wait to blow it all again. after 20 years of blowing 500k a year you should have some practice at not losing all your money.
Nov 23, 2009, 10:41 am - savagegoose - Lottery News