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Why an Annuity?Reply
Companies that sell annuities had an opportunity to make money off of the players' winnings. Unfortunately, this scenario still exists since some games STILL are annuity-only.
May 4, 2006, 1:10 pm - CASH Only - Lottery Discussion Forum

the worst lottery...Reply
The NY Lottery is probably the world's most overrated lottery. Annuity-only scratch games, a terrible payout % on NY Rotto, and prizes that are heavily taxed.
May 4, 2006, 1:06 pm - CASH Only - Lottery Discussion Forum

Why an Annuity?Reply
Quote: Originally posted by SirMetro on May 1, 2006 I preface this comment with this is merely my concept of the reason and I could be wrong . First, I think the biggest reason the States offer an Annuity is to allow the State an oppurtunity to retain as much cash reserve as possible. One of the primary laws in Lottery and Gambling is that the entity offering the Game must have a reserve equal to an amount preset by the initial Constitution of that Game to insure that in the case of a large
May 2, 2006, 2:14 am - Dream - Lottery Discussion Forum

Why an Annuity?Reply
I far prefer annuity nonsense staying only in the US. If tickets weren't tax-free and all cash it would loose most of the appeal for me to play them. I'm sure players from the US represent a very small percentage of buyers but all cash make conversions very easy to make and represent truth in advertising for what is being won.
May 2, 2006, 12:55 am - dvdiva - Lottery Discussion Forum

Why an Annuity?Reply
I would have NO problem if Canada went to annuity jackpots. Provided of course that ALL their games would continue to have a cash option, as IMO they would.
May 1, 2006, 7:18 pm - CASH Only - Lottery Discussion Forum

Why an Annuity?Reply
US lotteries at one time (before the 1990s) had rules where all online jackpot winners had to receive their prize through annuity payments. Even today, MA Megabucks, various scratch games and most lifetime prizes are still paid only as periodic payments. Elsewhere, US lotteries have been symphathetic to the majority of lottery players who would prefer getting paid in lump sum should they win.
May 1, 2006, 7:10 pm - CASH Only - Lottery Discussion Forum

Couple wins $800,000 Missouri scratch-off lottery jackpotReply
the 20 is the minimum payout on the annuity. lets say Joe Blow wins that, if he dies in the 11th year, his estate gets the remaining years left up to 20 paid out (so 9 years)...but if joe blow lives longer than 20, when he dies the payments stop...correct me anybody here if im wrong
Apr 30, 2006, 4:41 pm - hockeyguy858 - Lottery News

Florida lottery winners indicted on tax chargeReply
You know this how? Has there been research done that shows people who take annuity over cash are somehow more likely to lose their money. I would like to see proof of this.
Apr 29, 2006, 1:14 pm - bellyache - Lottery News

t GA-KY-VA Lose for LifeReply
Jerk? Now you've gone too far. Playing an annuity game does not make someone a bad person.
Apr 27, 2006, 11:20 pm - JimmySand9 - Jackpot Games Forum

A "Lottery Winner's Education" SectionReply
Rule #1 after winning the jackpot is: choose LUMP SUM. Of course, I live in a state where you have to make the cash/annuity choice when you play.
Apr 26, 2006, 9:51 am - CASH Only - Suggestions Forum