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Ohio woman decides to drop appeal over lottery taxReply
The same thing was done to the early winners in the Michigan Lottery. 10 years after it was started the state changed the law and started taxing the winners. Even those that won in the prior 10 years and were getting annuities.This is my biggest argument against taking an annuity. You never know what the government will do long after you've won. The federal tax could be hiked to 50% and the state could do the same.
Jan 19, 2006, 7:50 pm - HiYoSilver - Lottery News

Ohio woman decides to drop appeal over lottery taxReply
I agree Libra....Why wouldn't their annuity be grandfathered in and all lottery winners AFTER the new tax went into effect be subject to the ridiculous city tax ?Ya gotta love taxation- it can in essence be retroactive.
Jan 19, 2006, 6:07 pm - DoubleDown - Lottery News

Ohio woman decides to drop appeal over lottery taxReply
HAPPY THURSDAY..... RJ Excuse me, but I don't understand....acccording to the story and the tax law:In 1987 when the Rodepouchs won the lottery, the city of Warren did not tax lottery winnings, Hicks said.Therefore, why wouldn't she and her ex-husband still be exempt from paying income tax on their Lottery Annuity winnings????....Why are they affected by the 'new law'.....??????
Jan 19, 2006, 5:41 pm - libra926 - Lottery News

Probability of a Rollover in Powerball.Reply
The powerball jackpot has rolled. The cash value is now $50.2M; the annuity value is $101M. It is reasonable to assume that the lottery will have $20.6M in sales, near the figure for the last lottery run at this level. If the lottery sells this amount of tickets on this drawing, the probability for various numbers of winners is as follows:087.03%112.09%20.84%30.04%
Jan 19, 2006, 7:33 am - Prob988 - Jackpot Games Forum

Probability of a MegaMillions rollover.Reply
The MM has rolled over. The cash value is now $18.5M and the annuity value is $31M. A running average of 4th draw sales since the matrix change suggests that the sales will be around 17.3M. If this many tickets are ultimately sold, the probability of various numbers of winners is given in the following table:090.62%18.92%20.44%30.01%
Jan 18, 2006, 9:51 pm - Prob988 - Jackpot Games Forum

Probability of a Rollover in Powerball.Reply
The powerball jackpot has rolled. The cash value is now $43.1M; the annuity value is $87M. It is reasonable to assume that the lottery will have $16.70M in sales, near the figure for the last lottery run at this level. If the lottery sells this amount of tickets on this drawing, the probability for various numbers of winners is as follows:089.20%110.20%20.58%30.02%
Jan 15, 2006, 10:45 am - Prob988 - Jackpot Games Forum

okiehomas not so much top prizesReply
OK now has Powerball. But OK does need higher scratch prizes; as long as it doesn't offer annuity-only games. Have you bought a ticket in Jenks yet?
Jan 13, 2006, 4:44 pm - CASH Only - Lottery Discussion Forum

Age Group of L.P Players and PostersReply
As the baby boomers get older (they reach 60 this year!) they are not going to want to play annuity-only games, including the lose for life variety.
Jan 10, 2006, 10:11 am - CASH Only - Lottery Discussion Forum

Probability of a Rollover in Powerball.Reply
The powerball jackpot has rolled. The cash value is now $32.3M; the annuity value is $65M. It is reasonable to assume that the lottery will have $14.7M in sales, near the figure for the last lottery run at this level. If the lottery sells this amount of tickets on this drawing, the probability for various numbers of winners is as follows: 090.43%19.10%20.46%30.02%
Jan 8, 2006, 1:26 am - Prob988 - Jackpot Games Forum

the future of mega millions and powerballReply
BUT - does Joe Blow, on the street, care what the matrix is, or even what it means? Once they start seeing the three digit number, they become pack animals after fresh meat. No matter what the matix is, $200M is the shiney lure and the fish are going after it. Joe Blow doesn't care about annuity or cash values, on the numbers on the TV screen.
Jan 7, 2006, 7:54 pm - Chewie - Lottery Discussion Forum